Babson Capital Management Supports Acquisition of SambaSafety by ABRY Partners
May 24, 2016
CHARLOTTE, N.C. (May 24, 2016) – Babson Capital Management, one of the world’s leading asset management firms, announced today that it served as joint lead arranger and bookrunner on a senior secured credit facility to support ABRY Partners’ investment in SambaSafety.
Founded in 1998 and based in Albuquerque, N.M., SambaSafety is a leading information services company that provides driver risk management solutions. SambaSafety primarily serves employers with a driving workforce looking to reduce reputational risks and legal costs associated with high-risk drivers, as well as insurance companies looking to more competitively underwrite policies.
“Babson has been a reliable partner to ABRY Partners on multiple transactions, and their involvement was invaluable in completing our investment in SambaSafety,” said Nathan Ott, principal for ABRY Partners. “In addition to its deep experience in providing middle-market financing solutions, Babson offers a partner-like approach focused on meeting the needs of sponsors and borrowers, and we look forward to working with the team again soon.”
“Babson deeply values our relationship with ABRY Partners and we appreciate the opportunity to partner with them on the acquisition of SambaSafety,” said Brian C. Baldwin, managing director in Babson’s North American Private Finance Group. “SambaSafety offers a compelling value proposition at a time when driving-related risks to employers are growing, and we are confident that SambaSafety’s experienced management team can leverage potential growth opportunities with the support of ABRY Partners’ expertise and resources.”
Since 1998, SambaSafety has been the market leader in cloud-based risk management solutions for organizations with commercial and non-commercial drivers. Its innovative driver risk platform, anchored by FCRA compliant data, continuously monitors drivers to deliver a comprehensive view of driver behavior and performance to organizations across the nation. SambaSafety is unique in the industry as its solution delivers actionable alerts that improves driver performance, reduces accidents, lowers insurance costs, and limits risks—ultimately improving driver and community safety. For more information, go to www.sambasafety.com.
About ABRY Partners
Founded in 1989 and headquartered in Boston, Massachusetts, ABRY Partners is an experienced and successful private equity investment firm focused on media, communications, insurance, business and information services. Since its founding, ABRY has completed more than $42 billion of transactions, representing investments in more than 450 properties.
About Babson Capital Management
Babson Capital Management LLC is one of the world’s leading asset management firms, with over $231 billion in assets under management as of March 31, 2016. 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. A member 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