Fifth Street Management LLC announced that it has arranged a $47 million one-stop financing facility and a $2 million equity co-investment to support Moelis Capital Partners' ("MCP") acquisition of OmniSYS, LLC ("OmniSYS"). OmniSYS is a leader in medical claims reimbursement and compliance services for pharmacies and medical equipment providers. The facility consists of a $42 million term loan and a $5 million revolver led by Fifth Street Finance Corp., the transaction's administrative agent, in conjunction with another business development company.
"Fifth Street demonstrated great flexibility throughout this transaction," stated Andy Kieffer, a partner of Moelis Capital Partners, a New York-based private equity firm, adding, "Although the turnaround timeframe was very tight, Fifth Street was able to quickly grasp our vision for OmniSYS and deliver on its financing commitment as promised."
"We are delighted MCP chose us to lead this deal," noted Juan Alva, a partner of Fifth Street, adding, "We look forward to strengthening our relationship even further in the years ahead."
With over $3 billion in assets under management, Fifth Street Management LLC is a leading alternative asset manager and the SEC-registered investment adviser of two publicly-traded business development companies, Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp.