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Brightwood Capital Advisors Deploys Over $2B in Another Record Year

March 23, 2022, 08:05 AM
Filed Under: Private Equity News

Brightwood Capital Advisors, a private credit firm focused on providing capital to growing North American middle market businesses, completed another very strong investment year in 2021, one of its most active investment periods in the firm's 12-year history. Brightwood deployed more than $2 billion of capital to more than 50 new and existing borrowers during this past year. Brightwood also experienced strong realization activity with successful exits from more than 20 investments.

“Our team is pleased to work with a growing range of middle market businesses, as we continue to identify industry-leading partners that are eager to access capital and accelerate their growth,” said Sengal Selassie, Managing Partner and Chief Executive Officer of Brightwood. “We’re continuing to see strong demand for our specialty tailored financing solutions as we deploy capital from our most recent fund, Brightwood Capital V, LP, and are looking forward to supporting new partnerships we made throughout 2021.”   

Brightwood maintained its focus on the U.S. middle market and continued investing in its five core sectors: healthcare services, business services, technology and telecommunications, transportation and logistics, and franchising.

Notable transaction activity includes:

The Herjavec Group

Brightwood provided senior secured debt to The Herjavec Group, a North American technology firm providing cybersecurity solutions to mid-size businesses and enterprise clients, to support an acquisition-led growth strategy.

Today’s Dental Network

Brightwood provided senior secured debt to Today’s Dental Network, a multi-specialty dental support organization operating practices in Florida. Proceeds were used for majority recapitalizations of general and specialty dental practices.

Accordion Partners

Brightwood facilitated senior secured debt to Accordion Partners, a financial consulting firm, to refinance existing debt and support a dividend recapitalization.

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