Alcentra Capital has provided $11.5 million in senior subordinated debt and junior subordinated debt to ACT Lighting, a distributor of lighting controls and a portfolio company of Base Equity Partners.
ACT Lighting is a distributor of lighting control consoles, lighting fixtures, and cable for live entertainment events. The company’s services include marketing, selling, supporting and servicing equipment used by rental companies and tour operators to put on live events. The company is based in Agoura Hills, CA (www.actlighting.com).
Alcentra Capital provides $5 million to $15 million of capital per transaction to middle market companies based in North America that have EBITDA in excess of $5 million. Types of investments include subordinated debt and, to a lesser extent, senior debt and minority equity investments. Sectors of interest include healthcare services, business services, and defense and government services. The firm has offices in Boston, London, New York and Singapore (www.alcentra.com).
Base Equity Partners invests in companies with $10 million to $100 million in sales. Sectors of interest include consumer/retail, media/entertainment, business services, technology & information services, healthcare services, and financial services. Base Equity Partners is led by Ben Schneider and Anthony Ekmekjian and is headquartered in New York (www.baseequitypartners.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-30-14
