FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Prospect Capital Commits $31MM to Support Intelius Acquisition

July 07, 2015, 07:31 AM
Filed Under: Technology


Prospect Capital Corporation has committed up to $31 million to support the acquisition of Intelius Holdings, Inc. (“Intelius”), an information commerce company, by an affiliate of H.I.G. Capital (“H.I.G.”).

Founded in 2003 and headquartered in Bellevue, WA, Intelius provides information about people, their histories, and their connections to people, places, and organizations. Services offered include people search (e.g., finding contact information, residence history, employment, education, and other background information on people of interest), reverse people lookup (by phone number, e-mail, and social network), background checks, and identity theft protection services. Customers can access information through one-time purchases or ongoing subscriptions. Intelius has a robust and proprietary technology platform that gathers over 20 billion public records from a large network of publicly and commercially-available sources and assigns such records to more than 250 million unique profiles in the United States.

“Prospect is pleased to support H.I.G.’s acquisition of one of the leading providers of online consumer information services,” said Jason Wilson, a managing director of Prospect Capital Management. “We are excited about the company’s growth profile, given the efficient, cost-effective, and technology agnostic platform Intelius has built to afford consumers one-stop access to valuable information that could otherwise take such customers significant time to gather on their own.”

“Prospect provides flexible and creative debt financing solutions, demonstrating why we often select Prospect to finance our platform acquisitions and provide subsequent financings for growth,” said Elliot Maluth, a Managing Director of H.I.G. “We are pleased to work with Prospect once again on our acquisition of Intelius.”

Prospect has closed approximately $2.0 billion of new originations in the twelve months ended June 30, 2015.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.