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BBVA Compass Provides Senior Debt to DSM Technology Consultants

February 22, 2016, 08:06 AM
Filed Under: Technology

CEA Group (“CEA”) announced that it acted as advisor to DSM Technology Consultants, LLC. (“DSM”) in connection with the provision of a senior debt facility. Funding was provided by BBVA Compass Bank (“Compass”), to refinance and consolidate existing bank debt, leases and to provide additional working capital for DSM. Compass recognized DSM’s tremendous growth potential through strong customer demand, well-established market position, and its unique combination of partners, technology, and products.

Beth Cahill, Senior Managing Director, of CEA’s corporate finance advisory group, advised DSM on the transaction. Ms. Cahill is based in CEA’s Tampa office. Also advising on the transaction was Peter Schmedt, Managing Director, in CEA’s Tampa office.

DSM is Florida’s leading managed cloud provider and is presently developing a national footprint. Utilizing the largest inland private cloud network in Florida, DSM delivers fully managed private cloud solutions as well as hybrid cloud networks utilizing both private and public cloud environments. DSM’s “white glove” services provide customers with cost effective solutions including Disaster Recovery as a Service, Data Protection as a Service and Platform as a Service.
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly-owned subsidiary of BBVA. In the U.S., BBVA Compass is primarily a Sunbelt-based financial institution that operates 672 branches, including 341 in Texas, 89 in Alabama, 77 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico.

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