Audax Private Debt Provides Financing to Support Silverchair’s Acquisition of ScholarOne
NEW YORK -- Audax Private Debt announced that it was the sole investor in Mezzanine Notes to support the acquisition of ScholarOne by Thompson Street Capital Partners’ portfolio company, Silverchair (the “Company”). The combined Company provides a comprehensive suite of technology solutions for academic and technical publishers and associations.
Headquartered in Charlottesville, VA, Silverchair provides a suite of software and services to leading global associations, academic societies, and publishers of scientific, technical, and medical content, among others. The Company’s content management system helps clients manage, distribute, and monetize their content, including submission, peer review, hosting, dissemination, and impact measurement.
Also headquartered in Charlottesville, VA, ScholarOne, which was a subsidiary of Clarivate Plc (NYSE: CLVT), is a leading provider of manuscript submission, peer review, and editorial management software and services to scholarly publishers and academic societies. ScholarOne’s submission platforms serve more than 600 publishers and enable more than three million manuscripts and conference abstracts each year.
ABOUT AUDAX PRIVATE DEBT
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $40 billion in support of over 285 private equity sponsors. Audax Private Debt works collaboratively to build tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. For more information, follow us on LinkedIn.
