Houlihan Lokey Advises Kodak Alaris

Houlihan Lokey is pleased to announce the successful placement of a senior secured credit facility for Kodak Alaris, LLC, a portfolio company of Kingswood Capital Management, LP (Kingswood). Proceeds from the transaction were used to refinance existing indebtedness, support a shareholder distribution, and pay transaction-related fees and expenses. The transaction closed on August 28, 2025.

Headquartered in Rochester, New York, Kodak Alaris is the premier provider of photo and information capture products and solutions, serving customers across 100+ countries through two distinct business units: Kodak Moments (Moments) and Kodak Alaris (Alaris). Moments is a leading provider of film, media, and photo products and services, including analog film, single-use cameras, self-service order station equipment, and associated consumables across a vast installed base at retailers such as CVS. Alaris is one of the largest global suppliers of data capture and processing solutions, offering a full suite of hardware, software, and professional services, with strong market positioning driven by digital transformation trends and multi-year service contracts.

Founded in 2013 and based in Los Angeles, Kingswood is a private investment firm that invests in middle-market companies, with a strategic focus on businesses at inflection points in their development. Kingswood brings relevant industry relationships and a broad network of internal and external operating resources to strengthen businesses and enhance value for all stakeholders. Kingswood currently has approximately $3.0 billion of assets under management⁽¹⁾ and is investing out of its third institutional fund, which was oversubscribed and held a final close in July 2024 above its hard cap with approximately $1.5 billion of capital commitments.

Houlihan Lokey served as the exclusive placement agent to Kodak Alaris, assisting the company in arranging, structuring, and negotiating the financing. Houlihan Lokey ran an efficient, streamlined process and leveraged its deep relationships with capital providers to drive competitive tension and deliver an attractive financing solution.

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