Silver Point Leads Financing for H.I.G. Capital’s Acquisition of Mainline Information Systems
Greenwich, CT, December 11, 2023 -- Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Administrative Agent and Sole Lead Arranger in the Senior Secured financing in support of the acquisition of Mainline Information Systems (“Mainline”) by one of H.I.G. Capital’s affiliates.
Headquartered in Tallahassee, FL, and with revenues in excess of $1 billion, Mainline is a leading, diversified IT solutions provider serving the infrastructure needs of blue-chip enterprises. Founded in 1989, Mainline designs and implements custom IT solutions for enterprises and provides associated professional and managed services. Mainline has leveraged its technical data center expertise, diverse partner network, and consultative customer-centric approach to become a leading provider of enterprise server, hybrid cloud, cyber storage, and network & security solutions.
Mainline’s management team, headed by CEO Jeff Dobbelaere, will continue to lead the company.
“The Silver Point Finance team is excited to partner with H.I.G. Capital and lead this financing as Mainline continues to expand its capabilities while providing its customers with mission critical technology solutions. This is our sixth transaction with H.I.G. Capital since the launch of Silver Point Finance and is emblematic of our expanding sponsor finance efforts,” said Anthony DiNello, Head of Silver Point Finance.
“We’re pleased to partner with Silver Point Finance as we join with Jeff Dobbelaere and the senior Mainline team to take the company to new heights,” said Matthew Kretzman, Managing Director and Global Head of Capital Markets at H.I.G. “Silver Point has a strong understanding of Mainline’s business and developed a financing solution that is tailored to support Mainline’s future growth plans.”
Mainline’s differentiated solution offerings are wrapped in unique value-added products and services that support mission-critical IT infrastructure, applications, and data assets. For more information, visit www.mainline.com.
About H.I.G. Capital
H.I.G. Capital is a leading global alternative investment firm with $59 billion of capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, and São Paulo, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
About Silver Point Finance
For over 20 years, Silver Point Finance (SPF) has been an active participant in the direct lending market, providing customized financing solutions to middle-market companies across a broad range of industries. SPF’s transactions support acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Along with its affiliates, SPF manages approximately $11 billion in investible capital and, to date in 2023, has agented or arranged approximately $5.9 billion in credit facilities. Silver Point Finance is the direct lending business of Silver Point Capital, L.P., a leader in global credit investing that oversees the management of more than $25 billion in investible capital. For more information, please visit www.silverpointfinance.com.