Coniston portfolio company Equity Networks has secured a seven-figure funding facility from Triple Point Private Credit. The transaction provides Equity Networks with funds to complete further acquisitions and support their buy and build strategy.
Alfred Chambers, who led the transaction for Coniston commented “We are confident that Triple Point are the right debt partner for Equity Networks. Securing the funding package marks a major milestone in progressing our buy and build strategy and we are looking forward to working together on future acquisitions.”
Paul Dolyniuk for Triple Point Private Credit commented “We are delighted to provide Equity Networks with this funding facility on behalf of the lenders we represent, and we are excited to connect with Coniston and the team at Equity Networks to support their expansion plans in the IT managed services market.”
Equity Networks and Coniston were advised by Brown Jacobson’s banking team led by Chereta Edmeade and corporate team led by Matt Dorman.
Coniston originally invested in Equity Networks in March 2024 to fund their acquisition strategy. Equity Networks has since made two acquisitions, Trust Networks in May 2024 and Create IT in September 2024, with further acquisitions in the pipeline.
