Ableco Recent Transactions


PROVIDER OF CUSTOMER RELATIONSHIP MANAGEMENT

Headquartered in Richardson, Texas, the Company is a leading global provider of customer relationship management solutions to the $57 billion global outsourced customer care market. The Company generated revenues and EBITDA of $510.0 million and $30.6 million, respectively, for the fiscal year ended December 31, 2008. In July 2008, the Company was purchased for $200.0 million by a SPAC supported by a well-known investment firm. A portion of the purchase price was funded by a $107.2 million senior secured credit facility provided by a nationally recognized asset based lender. In January 2009, Ableco provided $12.5 million of a $25.0 million last-out term loan to help complete the syndication.

ONE OF THE WORLD'S LARGEST PRODUCERS AND DISTRIBUTORS OF POLYMERS, PETROCHEMICALS, FUELS, AND REFINED PRODUCTS

Headquartered in Rotterdam, Netherlands, the Company’s products are used in a broad range of applications and in numerous products including: transportation, fuels (gasoline and diesel), rigid and flexible packaging, plastic pipe, detergents, cosmetics, electronics, appliances, automotive parts, paints and coatings, furnishings, construction and building materials and many other industrial and consumer goods applications. The Company generated approximately $42.5 billion of revenue for the nine-month period ending September 2008. In order to facilitate a restructuring of its debts, its U.S. operations and one of its European holding companies have voluntarily filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The Company was provided up to $8 billion in debtor-in-possession (DIP) financing to fund continuing operations. Of this total, $3.25 billion consists of new funding of which we committed $232 million.

LEADING SERVICE PROVIDER TO LONG-TERM CARE MARKET

Headquartered in Maryland, the company is the largest national portable diagnostic imaging and related support services provider in the long-term care market and for home health settings, physician offices and correctional facilities. In December 2008, Ableco provided a $35.0mm Last Out First Lien Term Loan B as part of a $60.0 million senior secured credit facility. Proceeds were used to finance the acquisition of the company by two private equity sponsors and to provide for ongoing working capital requirements.





© Copyright 2010 Ableco Finance All Rights Reserved :: Site Design by Webanello.com