Silver Point Leads Financing for New $425 Million Senior Secured Credit Facility for BlueCrest, a Platinum Equity Portfolio Company
Greenwich, CT, September 21, 2023 - Silver Point Finance, the private credit business of Silver Point Capital, L.P., served as Sole Bookrunner, Administrative Agent, Joint Lead Arranger, and Documentation Agent in a new $425 million Senior Secured Credit Facility for BlueCrest, a global provider of postal and parcel automation solutions that is a Platinum Equity portfolio company.
“We’re thrilled to provide this financing to BlueCrest, which is a repeat client for Silver Point Finance, and to build on our partnership with Platinum Equity,” said Anthony DiNello, Head of Silver Point Finance.
BlueCrest is the global leader in enterprise print, mail, and customer communications. With a comprehensive line of printers, inserters, sorters, and parcel solutions—and a renewed commitment to providing innovative software—BlueCrest serves clients around the world. For more information, visit www.BlueCrestInc.com.
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $47 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 28 years Platinum Equity has completed more than 400 acquisitions.
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 $4.7 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 $24 billion in investible capital, as of June 2023. For more information, please visit www.silverpointfinance.com.