Case Summary: Emtec

Emtec

$55.5MM senior secured unitranche

Overview

Emtec Global Services is a provider of IT services, offering a broad range of both consulting and ongoing support to middle market companies.  Emtec differentiates itself through industry specific expertise, organizational functional area expertise and transformative technology expertise, with offices in the U.S., Canada and India.

Situation/Purpose

The Company sought a recapitalization to complete an acquisition, gain access to additional capital for both operational initiatives and future acquisitions, and repurchase the equity of legacy shareholders.

Result

Crystal SBIC participated in a $55.5MM senior secured unitranche facility agented by LBC Credit Partners. The facility included a revolver, term loan and a delayed draw term loan.