Babson Capital Management Co-Arranges Term Loan Financing
May 09, 2016
CHARLOTTE, N.C. (May 9, 2016) – Babson Capital Management, one of the world’s leading global asset management firms with over $231 billion in assets under management (together with its global affiliates, “Babson”), today announced that it acted as co-lead arranger of credit facilities to support CBPE Capital’s refinancing of portfolio company Xafinity.
Babson participated in the term loan portion of the refinancing, which also included a revolving credit facility.
Headquartered in Reading, U.K., Xafinity has grown over more than three decades to become one of the United Kingdom’s leading pension advisory firms providing pension advisory services, administration of defined benefit and defined contribution plans, trusteeship services and administration of self-invested pension arrangements.
“CBPE Capital is pleased to partner with Babson on the refinancing of Xafinity,” said Richard Thompson, investment director for CBPE Capital. “Babson’s deep knowledge of Xafinity based on previous investments, along with its flexibility and speed of execution, helped to ensure a successful transaction and we look forward to working with Babson on future investments.”
“Babson greatly appreciates the opportunity to support the refinancing of Xafinity alongside CBPE Capital and the rest of the lending group,” said Adam Eifion-Jones, managing director and co-head of European Private Finance at
Babson. “As a lender involved with the company over more than 15 years, Babson continues to be impressed with the strong, stable and highly resilient business model Xafinity has established, and we are very confident about its future prospects.”
About CBPE Capital
CBPE Capital is a leading provider of private equity to the U.K. mid-market. Founded in 1984, CBPE Capital is dedicated to building collaborative partnerships with management teams to help them improve and grow their businesses and create value. CBPE Capital offers more than three decades of experience and a deep network of relationships across a wide range of sectors, including business and financial services, consumer, leisure and retail, healthcare, industrials and technology. To learn more visit www.cbpecapital.com.
About Babson Capital Management
Babson Capital Management LLC is one of the world’s leading global asset management firms with over $231 billion in assets under management as of March 31, 2015. Through proprietary research, analysis and a focus on investment fundamentals, the firm and its global affiliates develop products and strategies that leverage its broad expertise in global fixed income, structured products, middle market finance, commercial real estate, alternatives and equities. Part of the MassMutual Financial Group, Babson maintains a strong global footprint with operations on four continents and clients in over 20 countries. Learn more at www.babsoncapital.com