Barings and Partners Group provide financing to support Arcline’s acquisition of CoreDux
Barings and Partners Group, acting on behalf of their respective clients, announce their role as the lenders on secured credit facilities backing Arcline Investment Management’s investment in CoreDux, a specialized manufacturer of ultra-high purity flexible gas and fluid conveyance components and sub-systems. Arcline’s investment adds to the firm’s expertise backing innovative businesses in the flow control and semiconductor sectors.
CoreDux’s mission-critical components and systems are used in the most demanding high-tech applications including next-generation semiconductor equipment, aerospace sub-systems, and applications supporting the green energy transition, among others.
With this investment, Arcline will seek to continue the strong momentum of CoreDux in its core markets while empowering the business to innovate exciting solutions to challenges in mission-critical industries.
Arcline commented: “We are excited to be working with the CoreDux team who have built a strong reputation for innovation and quality in addressing some of the most demanding applications in critically important industries. The business is well-positioned for its next phase of growth supported by capital partners who can grow with it.”
About Barings
Barings is a $371+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.
*Assets under management as of March 31, 2022
About Partners Group
Partners Group is a leading global private markets firm with over USD 127 billion in assets under management as of 31 December 2021. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).
About Arcline Investment Management
Arcline Investment Management is a growth-oriented private equity firm with $4.4 billion in cumulative capital commitments. Arcline seeks to invest in technology driven, meaningful to the world industrial businesses that enable a better future. For more information visit www.arcline.com.