Silver Point Leads Financing of Acquisition of Brightcove Inc. by Bending Spoons
PR Newswire
GREENWICH, Conn., March 10, 2025
GREENWICH, Conn., March 10, 2025 /PRNewswire/ -- Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the previously announced acquisition of Brightcove Inc., a U.S.-based streaming technology company, by Bending Spoons, the Italy-based technology company.
In connection with its $233 million acquisition of Brightcove, which has closed, Bending Spoons has raised a $600 million secured term loan to fund the transaction and to add cash to the balance sheet primarily to support future acquisitions and investments. Silver Point served as lead lender and Documentation Agent on the secured term loan. J.P. Morgan was Lead Left Arranger and Administrative Agent on the loan.
Anthony DiNello, Head of Direct Lending at Silver Point Capital, said, "Silver Point is excited to support the growth of another successful, founder-owned business. Bending Spoons is executing a smart, differentiated strategy that has generated strong performance and growth, and we are pleased to provide the company with this secured term loan -- representing its first institutional debt financing -- to execute its planned acquisition strategy. Throughout this process, the Bending Spoons team has been highly collaborative -- in keeping with their backgrounds as excellent operators and their data-driven and transparent approach to management."
About Bending Spoons
Bending Spoons has served a billion people across the globe through its suite of digital technology businesses, including Evernote, Issuu, Meetup, Remini, StreamYard, Splice, and WeTransfer. Its products are currently used by more than 300 million people each month. For more information, visit bendingspoons.com.
About Silver Point
Silver Point is a leading global credit investing firm founded in 2002. With a dedicated team of over 350 employees, Silver Point oversees $38 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. Silver Point's Direct Lending business has delivered customized financing solutions to middle-market companies across a broad range of industries. It works in close partnership with borrowers, developing a thorough understanding of their businesses and addressing a wide variety of capital needs with speed and certainty. Silver Point's flexible mandate is designed to allow clients to execute on M&A activity, refinancings and growth capital, among a range of transaction types. Silver Point's Direct Lending business manages over $16 billion in investable assets. For more information, please visit www.silverpointcapital.com.
Media Contacts:
Todd Fogarty / Sophia Swidey
Kekst CNC
SilverPoint@kekstcnc.com
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SOURCE Silver Point Capital
(END) Dow Jones Newswires
March 10, 2025 15:51 ET (19:51 GMT)
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