Funding by Sound Point Capital supports LLR-backed Salute’s acquisition of Iconicx
NEW YORK–(BUSINESS WIRE)–#CapitalSolutions–Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent and sole lender on a first lien senior secured credit facility to Salute Mission Critical (“Salute” or the “Company”) for its acquisition of Iconicx Critical Solutions (“Iconicx”).
Salute was founded in 2013 with the vision of creating one of the largest independent providers of lifecycle services for data centers. The Company is a global data center services provider that delivers mission critical operations and project services, including critical facility operations, multi-skilled operators, remote hands, preventative maintenance, security, structured cabling, construction support, cleaning and other critical services. Through its acquisition of Iconicx, Salute’s suite of services has expanded to include commissioning and quality assurance / quality control (“QA/QC”) capabilities. The Company’s customer base includes colocation, hyperscaler and edge data centers.
About Sound Point Capital
Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York, with offices in London, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices. Sound Point’s strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate. Sound Point currently manages approximately $32 billion of assets. Five principals of Stone Point Capital LLC, as well as Dyal Capital Partners, a division of Blue Owl Capital Inc. [NYSE: OWL], are strategic investors in our business. For more information, please visit Sound Point’s website at www.soundpointcap.com.
About Salute Mission Critical:
Salute Mission Critical is a global data center services provider that delivers critical facility management services to hyperscale, colocation, and edge leaders. Clients around the world rely on Salute to sustainably operate data centers throughout their lifecycle. Learn more: https://salutemissioncritical.com/about/.
About LLR Partners
LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to define high-impact growth initiatives, turn them into action and create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalization and buyouts.
Sound Point Capital Management, LP
+1 212 895 2277