AGC Partners Advises JMC Capital Partners on its Acquisition of Source Code Corporation
Transaction Details
AGC Partners is pleased to announce that its client, JMC Capital Partners, has purchased Source Code Corporation, a leading provider of high-performance computing solutions and associated managed services, for approximately $90 million in cash and debt. To complete the transaction, AGC raised $55 million in 1st Lien Debt financing consisting of a $50 million 1st Lien Term Loan and a $5 million Asset-based Credit Facility from H.I.G. WhiteHorse. The transaction closed on May 4, 2018, and the debt proceeds are being used to fund the acquisition of Source Code. With a team led by Doug Hurst, AGC Partners acted as the exclusive financial advisor to JMC.
Testimonial
The AGC team was instrumental in ensuring the success of our transaction. They served as trusted advisors through every step of the process, with intense focus on every detail and proven knowledge of companies and deals like ours. It was a pleasure to have them on our team and I would welcome the opportunity to work with them again in the future.
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© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
