ATLANTA, May 14, 2024
/PRNewswire/ -- o15 Capital Partners ("o15"), through its Emerging
Americas Credit Opportunities I ("EACO I") fund, is pleased to
announce its investment in Echo360 Inc. (the "Company"), a
SaaS-based classroom and workplace engagement platform that
provides digital interactive learning, content creation, training,
and engagement solutions to higher education and corporate
clients.
o15 acted as co-agent to provide a $43
million facility to refinance existing debt and finance a
transformative acquisition by the Company, which is owned by
private investment firm Centre Lane Partners ("CLP").
The Company's acquisition will create a large SaaS platform of
scale with a comprehensive product suite and well diversified,
global customer base, which will allow it to further capitalize on
market growth tailwinds in the education technology space. "The
work that the Echo360 team is doing in Education and Employment is
aligned very well with the impact strategy we've created for o15
and our investors," said Kenneth
Saffold, Managing Partner at o15. "We are excited to partner
with CLP and the Company to support their next phase of growth,"
said Seth Boyles, Vice President at o15.
About o15 Capital Partners
Based in Atlanta, o15 Capital Partners is a
mission-driven provider of private growth capital to lower middle
market companies led by and serving underrepresented entrepreneurs
and communities in the Healthcare, Business Services, and Education
industries. To learn more about o15 Capital Partners or discuss a
new investment opportunity, please visit o15.com, follow our
LinkedIn page, or reach out to a member of our investment
team.
New Business and Media Inquiries: media@o15.com
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SOURCE o15 Capital Partners