"Victory Park has been a great partner for us in every sense of the word. They are collaborative, creative and eager to help us find solutions. I would gladly recommend them to any company looking for a strategic capital provider to help grow their business."
– Al Goldstein, CEO
Avant Credit Corporation
CHICAGO – July 17, 2014 – Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, today announced that it has provided a $9.5 million credit facility to Construction Data Company (CDC), an information service provider to commercial construction subcontractors and general contractors. CDC is a portfolio company of Alta Communications (Alta).
The facility refinanced CDC’s outstanding debt and provides the Company with working capital. CDC’s searchable web-based platform provides real-time data on commercial and multi-family construction projects. As a lead service, CDC’s proprietary business development data enables architects, engineers, contractors, suppliers and other construction industry professionals to better position their companies before they enter the bidding process in the markets they serve.
“We are very excited to partner with CDC and Alta,” said VPC principal, Thomas Affolter. “CDC’s product has proven to be a valuable resource to its broad client base. We look forward to working with CDC’s experienced management team to further expand its platform.”
CDC is an information service provider offering commercial construction subcontractors and general contractors proprietary business development data related to commercial construction projects in local area markets. CDC’s subscriptions and online databases are designed as a business development tool for its clients who are actively pursuing opportunities for public and private projects in the commercial construction industry but do not have the internal resources to research and seek project data on their own. CDC is headquartered in Vero Beach, Florida. For further information, visit: www.cdcnews.com.
Victory Park Capital is a privately held registered investment advisor dedicated to alternative investing through the management of private investment funds. As specialists in credit and private equity investments, VPC focuses on middle market companies across a diversified range of industries. Whether as a lender or a control investor, VPC seeks to identify opportunities where it believes the potential for reward outweighs the risks entailed. Founded in 2007, VPC is headquartered in Chicago with additional resources in Boston, Los Angeles and San Francisco. For further information, visit: www.victoryparkcapital.com.