Babson Announces Involvement in Bridgepoint's eFront Purchase
March 19, 2015
Babson Capital Management has announced it acted as a mandated lead arranger of financing to support Bridgepoint's acquisition of eFront, a software provider to the financial industry. Accounts managed by Babson participated in the term debt portion of the transaction, which also included a revolving credit facility and a capex/acquisition facility. Founded in 1999, eFront specializes in enterprise risk management and alternative investments, serving more than 700 customers in 40 countries.