Barings, one of the world’s leading investment managers, today announced it has served as lead agent for a senior secured facility to support private equity firm Vance Street Capital’s investment in Pro-Vision. Headquartered in Grand Rapids, MI, Pro-Vision is an end-to-end mobile video solution provider that specializes in designing, assembling, and bundling a comprehensive and customizable suite of video solutions for critical asset monitoring.
“Barings deeply values our relationship with Vance Street Capital and appreciates the opportunity to support the investment in Pro-Vision,” said Josh Gracia, Managing Director in Barings’ Global Private Finance Group. “We are confident that Vance Street Capital will help accelerate Pro-Vision’s commercial and engineering strategy to cement the Company’s leading position in the video monitoring solutions ecosystem.”
“Pro-Vision has an impressive track record of product innovation across hardware, firmware and software, as well as in growing and executing on its pipeline across new and existing end markets,” said John LeRosen, Partner at Vance Street. “We are grateful to have the support of Barings, which has the capacity to support Pro-Vision’s future growth initiatives and was able to provide financing certainty throughout the transaction.”
This transaction expands Barings’ $32.97 billion* Global Private Finance platform, which leverages a deep bench of more than 80 investment professionals and a 30-year track record of providing financing solutions to sponsors while generating attractive risk-adjusted returns for investors.
About Barings
Barings is a $409+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
*As of June 30, 2024
About Pro-Vision
Founded in 2003, Pro-Vision has a long heritage and strong foundation of providing differentiated, safety-focused solutions for its customers. Through organic investments in the engineering team and expansion of the Company's hardware and software capabilities, Pro-Vision has built a strong reputation as a valued partner recognized for its customer service, reliability and high-quality products. Pro-Vision's cameras, monitors, recording & storage devices, managed install services, and Video-as-a-Service ("VaaS") software platform provide customers a clear and tangible ROI related to cost savings (e.g., insurance savings) as well as enhanced safety and reduced liability (e.g., accident reduction, improved driver performance). For further information visit www.provisionusa.com
About Vance Street Capital LLC
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the medical, life science, industrial technology, and aerospace & defense sectors. For over two decades, Vance Street's partners have worked with management teams and family owners to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information please visit: www.vancestreetcapital.com
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