Allied Global Acquires Alliance

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Osprey Capital Partners Inc. is pleased to announce that it has assisted Allied Global with the acquisition of Alliance iCommunication Inc.  Allied Global Holdings Inc. is a multinational service provider of complete contact solutions with 9 call centers in four countries with approximately 1,700 full time employees.

The Client:
Allied Global is a leading service provider in the accounts receivable management industry with 9 call centers in four countries, employing approximately 1700 employees.
The Ask:
Osprey Capital spent time getting to know Allied Global, its culture and its desire to grow through acquisitions.
The Result:
Osprey Capital identified and contacted Alliance iCommunications just as they were starting a process to sell the company. Alliance had not identified Allied Global as a potential acquirer but based on size and location, Osprey thought they would fit well with Allied. Introductions were made and Allied Global acquired Alliance iCommunications on March 4, 2015.

Smart Employee Benefits Secures Debt Facility

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Osprey Capital Partners Inc. is pleased to announce that it has assisted Smart Employee Benefits Inc. (SEB) with a new debt facility to complete the acquisition of Paradigm Consulting Group. SEB’s core expertise is managing specialized Big Data environments, of which employee benefits and healthcare is a major focus. SEB is a technology company providing, via a SaaS business model, software, solutions and services specializing in managing group benefit solutions and healthcare claims processing environments for corporate and government clients.
The Client:
Smart Employee Benefits Inc. (SEB) is a public technology company providing software, solutions and services specializing in managing “group benefit solutions and healthcare claims processing” environments for corporate and government clients.
The Ask:
A private subsidiary of SEB had agreed to acquire Paradigm Consulting Group Inc. and PCGI Consulting Services Partnership and SEB needed to raise new term and operating debt without encumbering the public company. SEB asked Osprey to assist in finding an appropriate lender.
The Result
Osprey contacted approximately 20 lenders to determine their level of interest in the transactions. Ultimately, a major Canadian bank agreed to provide a $7.2 million term and operating facility on terms favourable to the public company.