Fifth Third Business Capital provided a $40 million revolving credit facilit and term loan for Diversis Capital’s acquisition of Performance Designed Products.
Performance Designed Products (“PDP”) is an industry leader providing high-quality licensed peripherals and accessories for all major video game platforms so players can level up their game. PDP's portfolio of brands include affordably priced lines, quality customizable products, stylized controllers, and high quality, high performance products to give eSports professionals and core gamers a competitive edge. PDP's brands include Afterglow, PDP Gaming, Rock Candy, and Victrix. For over 25 years, PDP has been supplying video game peripherals and accessories to major retailers across the world, including the United States, Canada, Europe, and Australia.
Founded in 2013, Diversis is a software and technology focused private equity fund that invests in lower middle-market companies, targeting situations where it can add unique value in helping a company reach the next level. With a collaborative approach to investing, its Operating Partners and Strategic Advisors work alongside management teams to help build successful organizations positioned for long-term growth.