New York, September 5, 2018 – Churchill Asset Management (“Churchill”) today announced that it served as Joint Lead Arranger and Joint Book Runner for a $128 million first lien credit facility to support the recapitalization of Ahead, LLC (“Ahead”) by Court Square Capital Partners (“Court Square”).
Based in Chicago, IL, Ahead is a consulting company that helps enterprises transform how and where they run applications and infrastructure. From strategy, to implementation, to ongoing managed services, the company creates tailored cloud solutions for enterprises at all stages of the cloud journey.
“Cloud computing continues to reshape how information technology is delivered, and Ahead remains at the forefront of this changing landscape. With a terrific team and forward-thinking approach, Ahead fulfills a crucial role for its clients by helping them optimize the architecture and infrastructure of the data center,” said Randy Schwimmer, Senior Managing Director and Head of Origination & Capital Markets at Churchill. “We are excited to partner with Court Square on this transaction, and look forward to supporting the business through its next phase of growth.”
The financing represents the sixth transaction that the Churchill platform has completed in support of Court Square. Court Square is a leading New York, NY-based private equity firm that has completed over 220 investments over the last three decades in the business services, general industrial, healthcare, and technology and telecommunications industries.
About Churchill Asset Management
Based in New York, Churchill Asset Management LLC is a leading provider of senior and unitranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. Churchill has $4.4 billion of committed capital under management and has broad experience in all aspects of the middle market financing business, including structuring, credit analysis, syndication, and deal monitoring and oversight. More information can be found atwww.churchillam.com.
About Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 220 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $4.2 billion of assets under management and is based in New York, N.Y.
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