Stellus Capital Management, LLC Provides First Lien Financing to TechInsights a Portfolio Company of Oakley Capital Private Equity
Sep 08, 2016Houston – TX, September 8, 2016 – Stellus Capital Management, LLC (Stellus) announced today that its affiliates acted as Sole Lead-Arranger in providing a Unitranche Loan Facility in support of the refinancing of TechInsights a portfolio company of Oakley Capital Private Equity (“Oakley”).
TechInsights is a global leader in the intellectual property and technology services market, with unparalleled capabilities in semiconductor reverse engineering, which is used to prove patent
infringement and understand the technology behind everyday consumer electronics. Its customers, including the top ten semiconductor companies globally, rely on TechInsights’ highly skilled engineers and technical abilities, as well as its proprietary database of technical intelligence. TechInsights’ specialized workforce, proprietary equipment and extensive technical library create significant barriers to entry and reinforce its position as the specialist of choice to provide evidence of intellectual property use and competitive technical intelligence.
Arthur Mornington, Partner of Oakley Capital, said, “It was a pleasure working with Stellus on the refinancing of TechInsights. We look forward to the ongoing relationship with Stellus as we develop the business by utilising TechInsights’ unmatched technology intelligence database and know-how to grow the subscription product offering.”
Adam Pollock, Managing Director at Stellus added, “TechInsights’ service quality and global reputation are unparalleled. We appreciate this unique opportunity to partner with Oakley, TechInsights, and City National Bank in providing a comprehensive capital solution to support TechInsights’ continued growth.”