Barings provided a credit facility to back Abry Partners‘ investment in Phoenix-based Anju Software, an enterprise life sciences software platform. No financial terms were disclosed. Barings was the agent, joint lead arranger and bookrunner on the financing.
CHARLOTTE, N.C. (March 13, 2019) – Barings, one of the world’s leading financial services firms, announced today that it has served as the Agent, Joint Lead Arranger and Bookrunner on a senior secured credit facility to support Abry Partners’ investment in Anju Software (Anju), an enterprise life sciences software platform. Financial terms were not disclosed.
Based in Phoenix, Anju provides an integrated platform spanning clinical, medical affairs and commercial operations, which is used by large and small pharmaceutical companies, clinical research organizations (“CROs”), full service agencies and medical device companies.
“Abry believes that connecting the data from molecule to retirement using actionable software will become an essential part of the life science ecosystem and Anju is well positioned to provide this connection. We are excited to partner with Anju to accelerate their efforts to become one of the premier global life sciences software and data platform,” said Tyler Wick, Partner at Abry Partners. “We were grateful to once again partner with Barings’ Global Private Finance team to ensure this deal’s success and look forward to working with them on future endeavors.”
Abry said its investment would provide capital for continued product enhancement and global expansion, and position Anju for market leadership in the life sciences software industry.
“It was great to work alongside Abry Partners as they added Anju Software to their outstanding software portfolio,” said L. Max McEwen, Managing Director for Barings Global Private Finance. “As life science companies increasingly rely on data for day-to-day operations, we believe Anju is well-positioned for future growth and are looking forward to supporting them on continued investment in product enhancements and expansions.”
Barings Global Private Finance, part of Barings LLC, is a 70+ investment team located in seven offices on four continents. GPF has a 40-year track record of successfully financing middle-market buyouts, acquisitions, and recapitalizations. With product capabilities that range from traditional senior debt to bespoke junior capital securities, and hold sizes of $250 million+, Barings is focused on providing capital solutions that help our private equity clients complete their deal on time and as expected. Our long-term commitment to the asset class, local origination in each region, consistent team, and broad range of investment capabilities, are designed to provide investors an absolute spread premium to broadly syndicated loans as well as an attractive risk-adjusted return potential.
Barings is a $303+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific. For more information, visit www.barings.com.
*As of December 31, 2018
About Abry Partners
Founded in 1989 and headquartered in Boston, Massachusetts, ABRY Partners is an experienced and successful private equity investment firm focused on media, communications, insurance, business and information services. Since its founding, ABRY has completed more than $77 billion of transactions, representing investments in more than 650 properties. For more information, please visit www.abry.com.