Babson Capital provides loan to back Bridgepoint's eFront buy

Babson Capital Management said Monday that it acted as lead arranger of a loan to support Bridgepoint’s buy of eFront. Babson said it co-arranged the debt financing to support the acquisition alongside a group of banks. In January, peHUB reported that Bridgepoint was buying eFront, a Paris financial software company. Reuters News then reported that banks had lined up to provide 130 million euros ($145.89 million) of loans to back the sale to Bridgepoint.

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