WhiteHorse Capital Provides a New Senior Secured Credit Facility to geoLOGIC Systems Ltd.
STAMFORD – February 10, 2020 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with over $35 billion of equity capital under management, announced today that it has provided a new senior secured credit facility to geoLOGIC Systems Ltd. (“geoLOGIC” or the “Company”). geoLOGIC is a subscription-based technology company providing comprehensive software, data and information services to the energy industry in Canada . geoLOGIC is currently owned by BV Investment Partners, LP (“BV” or the “Sponsor”).
“The WhiteHorse Capital team was a great financial partner throughout the transaction. They moved quickly and were creative in their approach. This recapitalization provided significant liquidity to shareholders and positions geoLOGIC well in its next phase of growth,” said Justin Garrison, Principal at BV.
Mark Bernier, Managing Director at WhiteHorse Capital, added, “We are excited to partner with BV and geoLOGIC and we look forward to further supporting the Company and management team as they execute their growth strategy.”
Founded in 1983, and headquartered in Calgary, Alberta, geoLOGIC is a subscription-based technology company providing comprehensive software, data and information services to the energy industry in Canada. The geoLOGIC platform contains in-depth data on completed wells, reserves, rig activity, land sales history, etc. and provides a full suite of decision support tools to the energy industry.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with over $35 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across North America and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.