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Alcentra Capital Provides $3MM in Senior Debt to Contract Datascan Holdings

May 20, 2014, 07:26 AM
Filed Under: Technology

Alcentra Capital Corporation announced today that Alcentra has provided $3 million in senior debt to Contract Datascan Holdings, Inc. ("Datascan"). Alcentra drew down on its revolving credit facility to fund the investment.

Datascan provides retailers with a choice of on-demand self-scan inventory solutions delivered via its "Solution-as-a-Service" model. Through the provision of customer specific software, "fit-for-purpose" scanning hardware and access to real time data, Datascan is a cost effective, high value option for retailers looking to take advantage of the accuracy and efficiency of self-scanning. Datascan has among the world's largest self-scanning fleet. Backed by a comprehensive, secure and scalable management suite, Datascan enables the rapid collection of raw inventory data and the conversion of it into valuable, actionable inventory information.

Alcentra is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Alcentra's investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments. Alcentra's investment activities are managed by its investment adviser, Alcentra NY, LLC.

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