Livingstone’s Debt Advisory team has advised Turning Tech LLC, a portfolio company of Brockway Moran & Partners, on its refinancing with new debt capital from Business Development Corporation of America.
Founded in Youngstown, Ohio in 2002, Turning Tech is a leading developer, marketer, and distributor of innovative education technology products to the global higher education, K-12, corporate training and government markets. Turning Tech’s products include audience response systems, assessment products and other classroom technology. The company’s products facilitate adaptive instruction, efficient data capture and greater student engagement.
“Livingstone’s deep experience and relationships across the mid-market lending community were crucial to sourcing the most aggressive pricing and terms for Turning Tech. We are excited to partner with an experienced financing partner in BDCA who shares our vision for the business,” commented Brockway Moran Partner Larry Shagrin.
“The Turning Tech refinancing is another example of our debt advisory team working with a private equity sponsor to secure a tailored solution,” added Tom Lesch, Debt Advisory Director at Livingstone Chicago.
The Brockway relationship adds to Livingstone’s growing roster of private equity clients, including H.I.G. Capital, Riverside Partners, Calvert Street Capital, Sun Capital, Monomoy Capital, Prairie Capital and Wynnchurch Capital.