Melbourne, Victoria – June 16, 2021 – ZircoDATA, a provider of off-site secured document storage and related document management services in Australia, announced a refinancing, special shareholder distribution, and expansion of credit facilities to support acquisitions.
The company partnered with Pricoa Private Capital to close a A$75.0 million senior secured term loan, a A$15.0 million revolving credit facility and a A$10.0 million delayed draw term loan facility. Concurrent with the transaction, the company issued shareholders a special distribution. Housatonic Partners, a growth-oriented private equity fund focused on investing in recurring revenue services companies, remains the majority shareholder in ZircoDATA.
“We are pleased to be partnering with ZircoDATA and its management team as well as Housatonic Partners and look forward to supporting the business as it continues to grow and consolidate the market,” said Mike Jones, Senior Vice President at Pricoa Private Capital.
Paul Cullinan, Chief Financial Officer of ZircoDATA, added, “we, together with Housatonic Partners, are very pleased to announce the AUD$100m debt refinancing with Pricoa. This partnership with Pricoa is critical in helping ZircoDATA meet its strategic goals, including a strong platform for continued growth.”
Financial terms of the refinancing are not disclosed.
Based in Melbourne, Victoria, ZircoDATA provides off-site secured document storage and related document management services across Australia. ZircoData and its predecessor companies have been operating in Australia for 25 years with a platform that now spans 19 facilities that serves over 3,000 customers nationwide. For more information, please visit WWW.ZIRCODATA.COM.AU.
About Pricoa Private Capital
For nearly 100 years, Pricoa Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights, guidance, and customized capital solutions that enable them to achieve their growth and funding goals. With regional teams in 15 offices around the world, Pricoa Private Capital manages a portfolio of nearly $98 billion. For more information, please visit WWW.PRICOAPRIVATECAPITAL.COM.
Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.3 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 100 small to mid-sized companies over the last 26 years. For more information, please visit WWW.HOUSATONICPARTNERS.COM.