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Varagon Capital Partners supports recpitalisation of New Era Technology

Varagon Capital Partners (Varagon) is to serve as Administrative Agent on a senior secured credit facility to support the recapitalisation of New Era Technology (New Era), a global IT solutions provider, by Sentinel Capital Partners (Sentinel).

Varagon is a lender to middle-market companies and private equity firms. The company invest across the capital structure and delivers financing solutions for private equity partners.

Sentinel specialises in buying and building businesses in the lower mid-market in the US and Canada in partnership with management. Sentinel targets aerospace and defence, business services, consumer, distribution, food and restaurants, franchising, healthcare and industrial business. They invest in management buyout, recapitalisations, corporate divestitures and going-private transaction of established businesses.

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