Barings, one of the world’s leading investment management firms, announced that it has provided senior secured financing and an equity co-investment to support private equity firm Graham Partners’ investment in BrightSign LLC (“BrightSign” or the “Company”). Headquartered in Los Gatos, California, BrightSign is a provider of digital signage hardware and software solutions to a variety of end markets, including retail, restaurants, sports, and entertainment.
Rob Newbold, Managing Principal at Graham Partners, said, “BrightSign is a leading, innovative player in the industry with superior technology and strong customer and partner relationships. Graham plans to leverage the Company’s leading market position and continue its expansion into high-growth end markets and technology partnerships. We are glad to have the support of Barings, who moved quickly and has the capacity to support the company’s future growth.”
BrightSign’s purpose-built and vertically integrated technology positions the company as an end-to-end digital experience provider for a variety of high-growth end markets including retail, healthcare, education, attractions, stadiums, and transportation, among others. “We are excited to be the financing partner of BrightSign in the next chapter of its growth in combination with Graham”, said Scott Chappell, Managing Director of Barings.
In addition to Barings, Churchill Asset Management is a co-lender in the financing. Financial terms were not disclosed.
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