BNP Paribas priced the upsized $505.5 million Audax Senior Debt CLO 8 LLC transaction. Before joining Audax in 2019, Steve worked for Great Point Partners, where he focused on evaluating and executing leveraged buyouts and growth equity investments in the Healthcare Industry. The lawyers at Plovdiv Legal are experienced in debt collection of contractually owed debt from legal entities and individuals residing in Bulgaria. Solid relationships and flexible solutions are key to private debt’s ongoing success in the PE mid-market, says Audax Private Debt president Kevin Magid. Our team is collaborative, experienced, and has built lasting relationships, establishing Audax Private Debt as a trusted name in the U.S. middle market.
Audax Private Debt Flexible, customized equity solutions for private equity sponsors. Paradoxically, the shifting landscape has had little influence on purchase price multiples – at least not for the deals getting done. A flight to quality coupled with a dearth of dealflow means that valuations for businesses with strong growth prospects remain elevated. Adequate leverage, thus, is required to finance new platform acquisitions, and mezzanine debt has helped fill this gap. Audax Private Debt’s President, Kevin Magid, discusses the growth of private debt as an asset class, the importance of flexibility and relationships in mid-market lending, and the key role of risk management. Learn what has set Audax Private Debt apart and how the firm is able to remain both active and selective across economic and market cycles.
Sydney is a Principal at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Colleen is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Dinko is a Managing Director at Audax Private Debt, and a member of our senior debt investment team.
Remington is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. John is a Principal at Audax Private Debt, and a member of our unitranche and junior debt investment teams. David is a Vice President at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Joe is a Vice President at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Richard is a Vice President at Audax Private Debt and is a member of our unitranche and junior debt investment teams.
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $36 billion in support of over 275 private equity sponsors. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. Audax Private Debt invests in Mary Hoover Drucker established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions. We work collaboratively to build financing solutions shaped to meet the needs of our private equity clients, capital partners, and investors. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, junior debt and equity co-investment solutions.
These laws outline the rights and responsibilities of creditors and debtors, as well as the procedures for collecting debts through legal means. DLS Fund II's investors include pension funds, sovereign wealth funds, insurance companies, family offices, endowments and foundations. A1 Garage Door Service is a provider of garage door repair and replacement services to residential customers. InnovateMR is a tech-enabled provider of survey and panel managed services research for market research agencies, consultancies, and corporations. Prior to joining Audax, David was a strategy consultant at The Monitor Group, a strategic advisory firm in Cambridge, MA. David received a B.S. We believe sound ESG practices have the potential to improve performance while promoting a positive impact on society and the greater environment.
Kevin is responsible for overseeing all facets of Audax’ debt business, including origination, underwriting, and portfolio management as well as setting the business’ strategic direction. Founded in 1997 and headquartered in Raleigh, NC, TEP is a leading provider of engineering, inspection, maintenance, and construction management services for telecommunication infrastructure. The Company serves cell tower owners, wireless carriers, and fiber network providers throughout the U.S. and Canada.
We embrace and integrate ESG factors into our investment strategy and believe doing so enhances our ability to build better businesses and create value. Founded in 1985 and headquartered in Milwaukee, WI, Engine & Transmission Exchange is a leading independent remanufacturer of aftermarket vehicle transmissions and other automotive aftermarket repair and replacement parts. ETE offers a number of complementary services, including transmission repair, engine and transfer case repair and replacement, and servicing of torque convertors. With a legacy spanning over 35 years, the Company’s proven remanufacturing process returns used transmissions to “new” or “better-than-new” condition by using reclaimed and re-machined components. Remanufactured transmissions and other remanufactured auto parts are sold by the Company into retailer, installer, distributor, and other channels to be installed in vehicles across the United States. Market volatility, high inflation, and rising rates have heightened concerns over the near-term economic outlook.
With the possibility of a recession increasing, Audax Private Debt discusses why it’s critical for managers to have robust risk and portfolio management practices to navigate the environment ahead. The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation.
Founded in 2005 and headquartered in Columbia, MD, GCOM delivers innovative solutions to state and local governments nationwide, with a focus on systems in health and human services, justice and public safety, licensing and regulatory markets. GCOM combines the resources and capabilities of a large systems integrator with the agility and accessibility of a tight-knit and nimble team. GCOM offers state and local government leading-edge, scalable solutions to enhance operational performance and improve the constituent experience. Headquartered in Columbia, MD, GCOM is a leading provider of cutting-edge technology solutions to state and local governments. The Company provides custom software development, managed services and IT solutions across 22 states.
Unison “Powers the Business of Government” through secure cloud and on-premise software, marketplace, and information products that support more than 200,000 users in Federal agencies, major DoD programs, and leading prime contractors. For over 30 years, Unison has continually advanced software and insight solutions to help Federal programs efficiently achieve their missions. Founded in 1983 and headquartered in Dulles, Virginia, Unison offers its clients differentiated solutions to help them transact and manage contracts more efficiently and comply with complex federal contracting requirements. Unison’s software suites turn AI, bot, and NLP technologies into applied innovation—solving real business problems and creating opportunities for clients. A trusted partner with longstanding relationships and a track record of customer-led success, Unison currently serves all 15 U.S. cabinet-level agencies and has more than 200,000 product end users. Headquartered in Phoenix, Arizona and serving 25 markets across the U.S., A1 is a market leader in the direct-to-consumer residential repair and replacement garage door services industry.
The Company has grown rapidly, both organically and through acquisitions, since its founding in 2007. Today, A1 is one of the largest and most reputable residential garage door service providers in the country. Since joining Audax in 2006, David has been involved with over 30 of Audax’ platform companies.
The role of mezzanine within the capital structure isn’t always obvious from the outside looking in. Even as all-senior financing structures and unitranche facilities have become more common, mezzanine remains critical within the capital structures of sponsor-backed companies. For instance, despite the appearance of one legal document, some historical unitranche facilities were, at times, carved up into first-out/last-out positions via a separate lender agreement.