Houlihan Lokey Advises Sun Capital Partners (2)
Houlihan Lokey is pleased to announce the successful placement of a $70 million senior secured credit facility to support the acquisition of LoanLogics, Inc., by an affiliate of Sun Capital Partners, Inc. The transaction closed on July 1, 2021.
Since 1995, Sun Capital has invested in more than 425 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. Over a quarter century, the firm has built a reputation as a trusted partner recognized for its investment and operational experience, including particular expertise in the business services, consumer, healthcare, industrial, and technology sectors. Sun Capital has offices in Boca Raton, Los Angeles, and New York and an affiliate with offices in London.
Founded in 2005 and headquartered in Jacksonville, Florida, LoanLogics is a recognized industry leader with a mature brand that provides technology automation for mortgage document processing and data-driven audit software that improves efficiency, enhances transparency, streamlines commerce, and reduces risk while providing quality assurance and loan portability for lenders, investors, insurers, and servicers. The company’s platforms leverage the latest methodologies in cloud computing and machine learning technology to deliver greater value for more than 10,000 users at more than 120 institutions across all 50 states.
Houlihan Lokey’s Capital Markets Group served as exclusive placement agent to an affiliate of Sun Capital, assisting in arranging, structuring, and negotiating the financing. Under an extremely tight timeline, Houlihan Lokey secured an attractive financing package that optimized the amount of debt capital at closing while providing LoanLogics with ample covenant flexibility to operate the business going forward. This represents the second transaction that the Capital Markets Group has closed for a Sun Capital affiliate in the past 12 months, highlighting Houlihan Lokey’s deep relationships with financial sponsors and ability to optimize financing outcomes on an accelerated timetable.
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