Barings, one of the world’s leading investment managers, recently announced that it has served as lead agent and minority equity investor to provide financing support for The Riverside Company’s (“Riverside”) purchase of Door and Window Guard Systems (“DAWGS” or “the Company”). Headquartered in Chicago, Illinois, DAWGS protects thousands of residential, commercial and government-owned properties across the U.S.
Financial Technology Insights: Global Payments to Acquire Worldpay and Divest Issuer Solutions
The Company’s patented security solutions are designed to secure vacant properties and provide protection against unauthorized entry, property damage and safety hazards. DAWGS’ attractive business model combines installation services with a recurring monthly rental revenue stream, and it offers property owners a cost-effective and highly secure solution.
Financial Technology Insights: Invivyd Secures $30 Million Non-Dilutive Loan with Silicon Valley Bank
“Barings deeply values our relationship with The Riverside Company and appreciates the opportunity to support the investment in DAWGS,” said Brian Polomsky, Managing Director in Barings’ Global Private Finance Group. “We are confident that Riverside’s significant experience supporting security services businesses will help the Company accelerate growth.”
Financial Technology Insights: MSCI and Moody’s Launch Risk Assessments for Private Credit
“DAWGS has become a market leader in vacant property security, and we see an opportunity to build on the company’s strong foundation,” said Co-Chief Investment Officer for Riverside’s Capital Appreciation strategy (RCAF) Brad Roberts. “We look forward to working with the DAWGS team to accelerate growth by investing in sales and marketing initiatives to broaden its customer base and expand into new geographies.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source – PR Newswire
