Barings Strengthens Position with Financing for BKF Engineers
Barings Provides Senior Debt Financing for BKF Engineers
Barings has proudly announced its role as the sole lender in providing senior debt financing and an equity co-investment to support Long Point Capital’s investment in BKF Engineers. This milestone not only signifies Barings' commitment to fostering growth in the engineering sector but also reflects the firm’s ongoing efforts to enhance financing opportunities across diverse industries.
Strengthening Partnerships
According to Steve Jarvis, Managing Director in Barings’ Global Private Finance Group, the partnership with Long Point Capital and BKF Engineers is greatly valued. Jarvis noted that BKF Engineers presents an attractive investment opportunity due to its loyal customer base, established history in the architecture, engineering, and construction (AEC) industry, along with its strong dedication to culture and client service.
Growth Initiatives Ahead
Long Point Capital expressed gratitude for the financial support from Barings. Ira Starr, a Partner at LPC, mentioned that this financing will be pivotal for BKF Engineers as it embarks on various growth initiatives. These initiatives focus on expanding client relationships, enhancing service offerings, and increasing geographic outreach.
Expanding Barings' Global Finance Platform
This strategic transaction marks a significant expansion of Barings’ Global Private Finance platform, which manages assets totaling approximately $32.97 billion. With a robust team of over 80 investment professionals and decades of experience, Barings aims to deliver exceptional risk-adjusted returns for its investors by providing flexible financing solutions to sponsors.
About Barings
Barings is an esteemed global asset management firm with over $409 billion in assets under management. The firm, a subsidiary of MassMutual, partners with institutional, insurance, and intermediary clients to deliver flexible financing and investment solutions. Barings is committed to generating excess returns by leveraging its extensive reach and capabilities across both public and private markets, including fixed income, real assets, and capital solutions.
Insight into BKF Engineers
Based in Oakland, CA, BKF Engineers is a premier full-service engineering firm. Since its inception in 1915, it has cultivated a reputation for excellence in project planning, design, surveying, and implementation. The firm prides itself on navigating projects through all phases from initial due diligence to construction and implementation, thanks to its comprehensive portfolio and innovative design solutions.
Commitment to Client Partnerships
BKF Engineers boasts a skilled workforce of more than 450 employees who are dedicated to delivering sustainable and dynamic infrastructure solutions. The firm's mission is firmly rooted in collaborating with clients as partners, aiming to be a leading consulting firm on the West Coast.
Understanding Long Point Capital
Long Point Capital, established in 1998, is a remarkable private equity firm that focuses on investments in professional services companies characterized by competent management teams and promising growth potential. With a history of being a value-added partner to founder, family, and management-owned businesses, LPC primarily targets platform companies with an EBITDA ranging from $5 million to $30 million.
Frequently Asked Questions
What is the role of Barings in the financing of BKF Engineers?
Barings serves as the sole lender in providing senior debt financing and equity co-investment to support Long Point Capital’s investment in BKF Engineers.
How will the financing benefit BKF Engineers?
The financing will support BKF Engineers' growth initiatives such as expanding client relationships, enhancing service offerings, and increasing their geographic presence.
What is Barings’ asset management scale?
Barings manages approximately $409 billion in assets, partnering with institutional and intermediary clients through diverse financing solutions.
Who is Long Point Capital?
Long Point Capital is a private equity firm focusing on investments in professional services with strong management teams and robust growth prospects since its founding in 1998.
What is the mission of BKF Engineers?
BKF Engineers aims to deliver dynamic and sustainable infrastructure solutions while collaborating closely with clients to ensure excellence in engineering services.
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