Case Summary: Middle Market Service Provider

Middle Market Service Provider

$70.0 million Senior Term Loan Administrative Agent


Founded in 1999, The Company is a leading provider of outsourced back and middle office services to mutual funds and other investment entities. A leading middle market PE firm made an equity investment in the Company in 2011.


In order to complete add-on acquisitions as well as refinance existing debt, The Company sought a new lending partner.


Crystal initially provided a $13.5MM senior secured term loan. In 2018, the term loan was upsized to $16.7MM to fund additional acquisitions.