Prospect Capital Corporation has provided a $10 million credit facility to support the acquisition of Evanta Ventures and Sports Leadership Institute by Leeds Equity. “Prospect delivered a customized financing solution for the transaction that addressed our needs under an accelerated closing timeframe,” said Jacques Galante, a Managing Director at Leeds Equity Partners.
Prospect has closed more than $1.5 billion of originations so far in 2012 and its investment pipeline currently has more than $600 million of potential opportunities.
Evanta is a producer of 80 leadership forums and provides educational services for executives in the functional areas of technology, security, human resources, finance, and healthcare. Evanta provides leadership development programs in partnership with MIT Sloan School of Management, University of Texas McCombs School of Business, University of Chicago Booth School of Business and UC Berkeley Haas School of Business. The company was founded in 2003 and is based in Portland, OR (www.evanta.com).
The Sports Leadership Institute is a producer of forums for professional and collegiate sports team executives. The Global Sports Summit, Global Sports Management Invitational and Collegiate Sports Summit bring together owners, managers, athletic directors and other stakeholders within the professional and collegiate sports sectors. The company was founded in 2011 and is based in Portland, OR (www.globalsportssummit.com) (www.gsminvitational.com).
Prospect invests from $10 million to $75 million in private and micro-cap public businesses located in the US and Canada that have from $3 million to $30 million of EBITDA. Investment structures include: senior debt; unitranche debt; 2nd lien and mezzanine debt; and “one stop” debt and equity. The firm invests in wide array of industries and is effectively industry agnostic. The firm is located in New York (www.prospectstreet.com).
“Prospect’s value-added solutions and high level of responsiveness helped drive the consummation of this transaction,” said Scott VanHoy, a Principal at Leeds Equity Partners.
Leeds Equity Partners manages the largest private equity fund in the United States focused on investments in the education, training and business services industries. Founded in 1993, the firm has raised and managed over $1 billion of committed capital and invested in more than 20 companies. The firm is located in New York, NY (www.leedsequity.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-17-12
