Stellus Capital Management, LLC Provides Unitranche Financing in Support of Industry Dive’s Acquisition of NewsCredAug 24, 2020
Houston – TX, August 24, 2020 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing to support the acquisition of NewsCred, Inc.’s Content Marketing Studio (“NewsCred”) by Industry Dive, Inc. (“Industry Dive”), a portfolio company of Falfurrias Capital Partners (“Falfurrias”).
Industry Dive is a leading business journalism company. More than 11 million decision-makers across 20 competitive industries rely on its exclusive insight and analysis delivered through 22 publications. Industry Dive’s continued growth since its founding in 2012 has placed the company in the top half of the Deloitte Technology Fast 500 and ranked among the fastest-growing media companies on the Inc. 5000 list. The company also has been recognized four years in a row as a top workplace by the Washington Post and has received several industry awards for editorial excellence in business journalism. The acquisition augments Industry Dive’s in-depth market expertise, first-party audience insights, and unparalleled distribution with NewsCred’s content creation capabilities.
“We appreciated Stellus’ ability to work quickly and efficiently in support of a successful and timely transaction in the middle of a pandemic,” said Geordie Pierson, Principal with Falfurrias Capital Partners, adding, “We look forward to continuing our partnership with the Stellus team and executing the growth strategy of the combined company.”
Gavin Roseman, Managing Director at Stellus, added, “We are excited to partner with Falfurrias and the Industry Dive management team. We believe Industry Dive is a strong platform that is well positioned for continued growth in the enterprise content marketing space given its exceptional content creation capabilities, a valuable audience, and an experienced management team and financial sponsor. We appreciate the opportunity to support Falfurrias and Industry Dive’s continued success.”