Victory Park Capital Announces Credit Facility to Construction Data Company
Press Release
Jul 17, 2014
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.”
About CDC
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.
About Victory Park Capital
Victory Park Capital Advisors, LLC (“VPC”) is a privately held, SEC-registered, global alternative investment firm. VPC provides opportunistic capital solutions to both emerging and established businesses with an expertise investing across various sectors where traditional sources of capital are limited. The firm’s differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities and broad credit structuring and special situations expertise. The firm was founded in 2007 and is headquartered in Chicago with additional offices in New York, Los Angeles and San Francisco. For more information, please visit www.victoryparkcapital.com.