NEW YORK--(BUSINESS WIRE)--Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a $43.5 million multicurrency first lien cross-border credit facility to KPM Analytics (“KPM”), a global quality assurance / quality control (QA/QC) analytical testing and instrumentation business owned by Union Park Capital. Funding provided by Sound Point was used to refinance the existing debt facility and will support the Company’s global acquisition strategy. CVC Credit (“CVC”) partnered with Sound Point to provide a €16.1 million Euro-denominated term loan.
Founded in 2015, KPM Analytics is a global designer and manufacturer of laboratory, on-line, and at-line instrumentation used in the highly accurate analysis and determination of specific properties in food and agriculture products. Products allow customers to improve yield optimization, realize manufacturing process efficiencies, and control product quality. KPM has a broad portfolio of seven brands, including Unity Scientific, Process Sensors, Chopin Technologies, AMS Alliance, Sensortech Systems, Sightline Process Controls, and EyePro Systems.
Brian Mitchell, CEO of KPM Analytics, commented: “We are happy to have completed the refinancing and look forward to partnering with Sound Point and CVC as we execute our organic and acquisitive growth strategy.”
Evan Stein, Principal at Union Park Capital, added: "Throughout the process, Sound Point and CVC have been thoughtful and responsive, and they align very well with KPM’s business strategy. Their ability to quickly understand the dynamics of the market and KPM’s operating model was impressive, while their experience in supporting international growth strategies was a real differentiator. We value the relationship we have built over the years with the teams at Sound Point and CVC.”
David Rous, Managing Director & Portfolio Manager of Sound Point Capital’s Direct Lending business, said: “KPM has built a great platform with strong market positions across its seven brands. We very much value our relationship with Union Park and are thrilled to close another transaction with their team. We look forward to supporting Union Park and KPM through the Company’s next stage of growth.”
About Sound Point Capital
Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York, with offices in London, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices. Sound Point's strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate. Sound Point currently manages approximately $26 billion of assets. Five principals of Stone Point Capital LLC, as well as Dyal Capital Partners, a division of Blue Owl Capital Inc. [NYSE: OWL], are strategic investors in our business. For more information, please visit Sound Point's website at www.soundpointcap.com.
About CVC Credit
CVC Credit is the credit management business of CVC. CVC Credit is a global credit asset manager with offices in the U.S. and Europe, over 60 investment professionals and US$28 billion assets under management. The platform seeks to generate for its investors positive absolute returns and attractive risk-adjusted returns on capital throughout the credit cycle. CVC Credit has built a diverse business which creates significant synergies across its investment strategies. For further information about CVC Credit please visit: www.cvc.com/credit.
About KPM Analytics
Headquartered in Boston, MA, KPM Analytics is a global leader providing QA/AC analytical instrumentation for food and agriculture brands. KPM is a designer and manufacturer of laboratory, on-line, and at-line instrumentation used in the highly accurate analysis and determination of properties in food and agricultural products. KPM has deep application knowledge developed through an extensive calibration database. With 7 brands and 14 sales and service offices in 9 countries, KPM is a leader in its markets served and has a global presence serving blue chip customers in all regions of the world. For more information, visit www.kpmanalytics.com.
About Union Park Capital
Headquartered in Boston, MA Union Park Capital is a private equity investment firm focused solely on lower middle-market Industrial Technology companies. We partner with management teams to cultivate businesses through a combination of organic growth and careful strategic add-on acquisitions. For more information please visit our website at www.union-park.com.