Babson is lead agent in Accruent purchase of Mainspring

Babson Capital Management, the Charlotte, North Carolina, manager of more than $231 billion of assets, said it served as lead agent in a senior secured credit line to finance Accruent LLC’s acquisition of Mainspring Healthcare Solutions. Boston-based Mainspring provides software and technology to U.S. hospitals. Accruent, Austin, Texas, provides real-estate and facilities-management services. Mainspring is Accruent’s fourth add-on investment that Babson has led since supporting TA Associates’ recapitalization of Accruent in 2013. TA is the Boston private equity firm. Babson is a member of the MassMutual Financial Group.

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