Barings, a global financial services firm with over $288 billion in assets under management, announced that it served as a Joint Lead Arranger in a senior credit facility supporting Ridgemont Equity Partners’ acquisition of HemaSource. The deal closed on July 19, 2017 and NXT Capital served as Administrative Agent on the senior credit facility.

HemaSource, headquartered in West Jordan, Utah, is the leading technology-enabled distributor of consumable medical products to plasma collection centers. The company utilizes a proprietary cloud-based inventory management and business intelligence software solution to help its customers gain supply chain efficiencies and decrease plasma collection costs.

“Barings’ institutional knowledge of lending in both the healthcare and value-added distribution industries, as well as their ability to move quickly on a tight timeline, were critical factors in selecting them as a Joint Lead Arranger,” said Scott Poole, Partner at Ridgemont Equity Partners. “As we look to continue HemaSource’s strong track record of organic growth, as well as supplement that with selective acquisitions, we are glad to have the support of Barings and our other financing partners.”

“We are excited to have the opportunity to partner with Ridgemont on its investment in HemaSource, representing our third deal with the firm and second this year,” stated Justin Lay, Managing Director for Barings. “HemaSource holds strong market share in an industry with tremendous momentum, and we are looking forward to supporting its continued growth.”