Barings Backs Great Hill Partners on Reward Gateway Refinancing

World News: . []

CHARLOTTE, N.C., June 13, 2018 (GLOBE NEWSWIRE) -- Barings, one of the world’s leading financial services firms, announced that it provided a senior credit facility to support Great Hill Partners LP in refinancing the existing debt of Reward Gateway, a global leader in enterprise employee engagement software. Great Hill Partners acquired Reward Gateway in July 2015.

Founded in 2006 and headquartered in London, Reward Gateway is a leading provider of tech-enabled employee engagement and communication software to businesses across the UK, Australia and USA. The company’s subscription-based technology platform serves HR departments in powering employee benefits, retail discounts, reward & recognition, communications and engagement programmes. Blue-chip clients include DHL, McDonald’s, Travis Perkins and Vodafone.

“Great Hill Partners is very pleased to partner with Barings on our cross-border refinancing. They provided a flexible and scalable financing solution tailored to meet Reward Gateway’s growing capital needs,” said Christopher M. Busby, partner at Great Hill Partners. “Barings’ ability to fund the entire facility combined with their multi-currency capabilities and global approach to financings, provided distinct benefits for both Great Hill Partners and Reward Gateway in completing this transaction in an efficient and timely manner.”                  “Barings is grateful to Great Hill Partners for the opportunity to assist in the refinancing of Reward Gateway,” said L. Max McEwen, Managing Director in Global Private Finance at Barings. “Reward Gateway and Great Hill Partners have forged a strong partnership over the past three years.”

Mark Wilton, Managing Director at Barings, added “We see tremendous opportunities for accelerated growth by leveraging Reward Gateway’s leading employee engagement solutions in new and existing markets worldwide. Barings looks forward to supporting the business and Great Hill Partners through the next phase of its growth.”

*As of March 31, 2018

Contacts:  Kelly Smith, Media Relations, 980-417-5648, Brian Whelan, Corporate Communications, 980-417-7700,

18-521991 

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Globe Newswire: 14:10 GMT Wednesday 13th June 2018

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