Churchill Serves as Lead Arranger and Administrative Agent in Support of Graham Partners’ Acquisition of BrightSign LLC

New York, NY, October 25, 2021 – Churchill Asset Management (“Churchill”) today announced that it served as Lead Arranger and Administrative Agent in support of Graham Partners’ acquisition of BrightSign LLC (“BrightSign” or the “Company”).

Founded in 2002 and headquartered in Los Gatos, CA, BrightSign is a global leader in digital signage media players, with offices in Europe and Asia. BrightSign designs media players and provides software and cloud networking solutions for the commercial digital signage market worldwide, serving all vertical segments of the marketplace. The Company’s operating systems, hardware and support products are known for their signature reliability, affordability, market-leading technology, and unsurpassed performance. Additional information can be found at www.brightsign.biz.

“BrightSign is a clear leader in the fragmented digital signage space. The Company’s well-diversified revenue base and hardware lifecycle create a favorable business model in this growing industry,” said Randy Schwimmer, Senior Managing Director and Co-Head of Senior Lending at Churchill. “We’re very excited to lend our support to a transaction which we believe effectively combines the expertise of both Graham Partners and the BrightSign leadership team to achieve further innovation and growth.”

The financing of BrightSign marks the third transaction which Churchill’s senior lending team has completed in support of Graham Partners, a Philadelphia-based private investment firm targeting technology-driven advanced manufacturing companies.

About Churchill Asset Management LLC

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $33 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 100 professionals in New York, Charlotte and Chicago. More information can be found at www.churchillam.com.

About Graham Partners

Graham Partners invests in and partners with leading private businesses that are spurring innovation in industrial technologies and advanced manufacturing, partnering with those companies to accelerate product development and top-line growth. Since its founding in 1988, Graham Partners has focused on industrial technology and advanced manufacturing businesses with deep engineering resources capable of leveraging advances in materials science and production technologies to maximize growth potential. More information about Graham Partners can be found at www.grahampartners.net.

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This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.

Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisors LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.

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Churchill Asset Management
Location
430 Park Avenue, 14th Floor
New York, NY 10022
Phone
(212) 478-9200
Email
info@churchillam.com

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