Churchill Serves as Joint Lead Arranger for a $151 Million First Lien Credit Facility to Support Quad-C Management’s Acquisition of NJRetina

New York, November 12, 2018 – Churchill Asset Management (“Churchill”) today announced that it served as Joint Lead Arranger for a $151 million first lien credit facility to support the Acquisition of NJEye, LLC. (“NJRetina”) by Quad-C Management (“Quad-C”).

Based in Union, NJ, NJRetina is one of the largest and most well-known retina practices in the US. The company provides specialty retina services for patients diagnosed with vision-threatening diseases, including macular degeneration, macular edema, diabetic retinopathy, and ocular trauma. NJRetina currently serving patients across 16 offices throughout New Jersey.

“Retina specialists and general ophthalmologists capture $14.9 billion of vision services and product spending annually across the US, and NJRetina is well positioned to benefit from Quad-C’s deep industry knowledge and experience in multi-site physician practice administration,” said Randy Schwimmer, Senior Managing Director and Head of Origination & Capital Markets at Churchill.  “We are pleased to support Quad-C and NJRetina as together they continue to drive clinical excellence and sustained growth.”

The financing is the eighth transaction that the Churchill platform has completed in support of Quad-C, a leading Charlottesville, Virginia-based private equity firm focused on investing in well-established business services, consumer, industrials, healthcare, specialty distribution and transportation and logistics companies.

About Churchill Asset Management LLC

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 $5.3 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 at www.churchillam.com.

Quad-C Management Inc

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation/logistics companies. In its nearly three-decade history, Quad-C has invested over $3 billion of capital in over 65 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. www.quadcmanagement.com

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Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America.

Investments in middle market loans are subject to certain risks. Please consider all risks carefully prior to investing in any particular strategy. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, and inflation risk.

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