Source Capital Provides Debt Financing to Nexus Cognitive Solutions to Support Add-on Acquisition
November 23, 2021
Source Capital, via its credit fund (Source Capital Credit Opportunities IV, LP) and its SBIC fund, has made an investment in Nexus Cognitive Solutions by providing debt financing to support Nexus’s acquisition of a cloud solutions and software development services provider. Nexus Cognitive Solutions, a service-disabled veteran-owned AI, data analytics and software-development firm headquartered in Addison, Texas, will use the financing to deepen its cloud, systems-integration and software development capabilities and accelerate growth in the public sector and enterprise markets.
- Buyers
- Source Capital, Source Capital Credit Opportunities IV, LP (SCCO IV), Source Capital SBIC Fund
- Targets
- Nexus Cognitive Solutions
- Industry
- AI & Machine Learning
- Location
- Texas, United States
- Transaction Type
- Growth capital
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