Barings served as Lead Arranger and sole lender of a senior secured credit facility to support the combination of Loftware and NiceLabel. Loftware, Inc., the global leader in Enterprise Labeling and Artwork Management solutions and a portfolio company of Riverside Partners, completed a strategic combination with NiceLabel, a leading developer of label management systems. The combination offers customers and partners an expanded choice of labeling and artwork management solutions, while providing enhanced capabilities and the benefits of greater investment in cloud-based solutions and technologies. Loftware and NiceLabel together bring 60 years of combined expertise in solving labeling challenges for companies of all sizes across a wide range of industries around the globe.

"We are excited about the combination of Loftware and NiceLabel and look forward to supporting the company's next chapter of growth," said David Belluck, a General Partner at Riverside Partners. "The two companies have respected each other for many years. Both management teams have built market leaders in their respective geographies and market segments and we believe the combination will significantly enhance their product and service offerings in the future." Mr. Belluck also noted that "Barings' flexible capital solutions and cross-border capabilities were ideal to quickly effect the strategic goals of Loftware, NiceLabel and Riverside Partners with this transaction."

"Barings is thrilled to continue supporting this exceptional, market leading platform," said L. Max McEwen, Managing Director at Barings. Barings became the Lead Arranger and sole lender to Loftware in March of 2018, when Loftware recapitalized its debt facilities to acquire UK-based, GAP Systems.