Balance Point Capital Announces Follow-On Investment in Blankfactor

Globant Acquires Blankfactor to Strengthen Payments and Financial Services Practice

September 10, 2024

IT Services

Globant has entered into a definitive agreement to acquire Blankfactor, a Miami-based IT services consulting firm specializing in payments, banking, and capital markets. The deal — which is subject to customary closing conditions and regulatory approvals — brings more than 450 technology professionals and deep cloud, data engineering and enterprise AI capabilities into Globant to bolster its Payments and Financial Services offerings in North America.

Balance Point Provides Debt Financing to Lightbridge Academy

June 20, 2024

Education

Balance Point Capital Advisors, together with its affiliated fund Balance Point Capital Partners V, arranged debt financing for Lightbridge Academy, a portfolio company of Westerly Group and Elmsley Capital. The capital will support new location development and other growth initiatives as Lightbridge continues geographic expansion along the East Coast.

Balance Point Capital Invests in SmartyPants, Inc.

April 23, 2019

Consumer Products

Balance Point Capital provided growth capital to SmartyPants, Inc., a Marina del Rey-based producer of premium multifunctional supplements and a portfolio company of North Castle Partners. The investment was structured to refinance the company's existing capital structure and support continued growth as SmartyPants expands its omni-channel presence (approximately 15,000+ retail doors and direct-to-consumer sales).

Balance Point Capital Leads $55M Financing into Budderfly, Inc.

July 1, 2019

Energy

Balance Point Capital led a $55 million financing (senior debt and preferred equity) in Budderfly, Inc., bringing total capital raised to $77 million alongside Edison Partners, Connecticut Growth Capital, the State of Connecticut (DECD), Connecticut Innovations, founder Al Subbloie and senior management. The funding will support Budderfly’s growth in the Energy Efficiency-as-a-Service market, scaling its software, IoT-enabled controls and facility upgrades across nearly 1,000 contracted North American locations.

Balance Point Capital and Growth Catalyst Partners Invest in Trendline Interactive

June 5, 2019

Marketing & Advertising

Balance Point Capital provided debt and preferred equity to support Growth Catalyst Partners' investment in Trendline Interactive LLC, a full-service email marketing agency headquartered in Austin, Texas. The financing is intended to accelerate Trendline's growth and support its platform and buy-and-build strategy.

Balance Point Provides Financing to Sylmar Group

November 8, 2022

Environmental Services

Balance Point Capital Advisors, alongside its affiliated fund Balance Point Capital Partners IV, provided debt capital to Sylmar Group to support Sylmar's buy-and-build strategy and enable the acquisitions of two water- and wastewater-related businesses. Sylmar, a Los Angeles–based platform focused on industrial water treatment and pump/well maintenance, will use the financing to scale its platform and expand services to commercial and utility customers across the Southwest U.S.