Audax Private Debt Provides Financing to Support MSouth Equity Partners’ Investment in Summit Spine & Joint Centers

June 14, 2021 9:08 AM EDT

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NEW YORK--(BUSINESS WIRE)-- Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centers (“Summit” or the “Company”) by MSouth Equity Partners (“MSouth”), an Atlanta-based private equity firm.

Based in Lawrenceville, GA, Summit is an operator of ambulatory surgery centers and pain management clinics in the greater Atlanta area. Summit provides interventional pain management treatment to patients who suffer from chronic pain symptoms.

“Dr. Patel and his team have done an outstanding job building Summit into a leading provider of interventional pain medicine by offering comprehensive, patient-focused treatments,” said Rahman Vahabzadeh, Managing Director at Audax Private Debt. “We believe the MSouth team will bring the right resources and expertise to help Summit reach its next level of growth.”

“Audax Private Debt has been a reliable and accommodating financing partner throughout our investment process,” said Peter Pettit, Partner at MSouth Equity Partners. “We are excited to partner with the Audax team and are confident in their ability to support our growth objectives for Summit in this next chapter.”

About Summit Spine & Joint

Founded in 2014 and headquartered in Lawrenceville, Georgia, Summit provides interventional pain treatment to patients who suffer from chronic pain. For more information, please visit summitspine.com.

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, Audax Private Debt has invested over $23 billion across more than 860 companies in support of over 240 private equity sponsors, and has raised over $17 billion in capital. The platform offers its clients a range of financing solutions, including first lien, stretch senior, unitranche, second lien and subordinated debt, as well as equity co-investments. With more than 40 investment professionals and 80 total employees, Audax Private Debt provides financing certainty, add-on investment capability, and the experience and collaborative approach to partner with private equity firms and their portfolio companies. For more information, please visit www.audaxprivatedebt.com or follow us on LinkedIn.

Audax Private Debt is an integral part of Audax Group, a leading alternative investment manager with offices in Boston, New York, and San Francisco.

Rahman Vahabzadeh
Audax Private Debt
(212) 703-2714
rvahabzadeh@audaxgroup.com

Media
Sard Verbinnen & Co.
Julie Rudnick / Julie Casale
Audax-SVC@sardverb.com

Source: Audax Private Debt



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