News

 

Greenwich, CT, May 6, 2024 -- Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Arranger in the Senior Secured financing in support of the acquisition of DEX Imaging (“DEX”), a premier provider of managed print services, by Gamut Capital Management, L.P. (“Gamut”), a leading New York-based middle market private equity firm. Cerberus Capital Management and Fortress Investment Group also participated in the roughly $380 million debt package, which includes a $300 million term loan.

 

DEX, a top player in the managed print services industry, provides clients with a range of solutions including equipment, servicing, and supply management. The company was founded in 2002 by Dan Doyle Sr. and Dan Doyle Jr. and was later acquired by Staples, Inc. (“Staples”) in 2019. Gamut announced the purchase earlier this week, noting the deal was made in partnership with the Doyle Family. Through this new partnership, Gamut will leverage DEX’s strong foundation and established industry leadership to build a national presence for the company through strategic acquisitions and organic growth. 

 

“The Silver Point Finance team is pleased to again partner with Gamut Capital Management and provide this financing as DEX enters its next chapter of growth,” said Anthony DiNello, Head of Silver Point Finance. “As this partnership with Gamut advances DEX’s ability to strengthen its supplier relationships and enhance its service capabilities, we are excited to support the company’s continued success.”

 

Gamut Capital Management is a private investment firm based in New York managing over $3 billion in assets focused on middle market opportunities. Founded in 2015, Gamut employs a flexible, opportunistic investment approach and seeks to partner with companies to facilitate strategic growth and value creation. Learn more at www.gamutcapital.com.

 

DEX is a leading independent provider of office technology in the U.S. Their full-spectrum solutions are operational in thousands of small businesses as well as enterprise, Fortune 1,000 companies. With a nationwide network of support specialists, DEX chooses the best, most reliable models from the nation's top imaging equipment manufacturers, tested in-house for reliability, and pairs them with the unique business requirements. Digital intelligence, in house R&D, environmental consciousness and local stewardship are the hallmarks of DEX.

 

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 $12 billion in investable capital and, in 2023, agented or arranged approximately $6.2 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 approximately $29 billion in investable capital.

 

For more information, please visit www.silverpointfinance.com.