Clarion Capital Partners Makes Strategic Investment in Ad.net
July 20, 2021
Clarion Capital Partners completed a strategic growth investment in Ad.net, a Los Angeles-based provider of digital performance advertising. Financing for the transaction included unitranche and other debt from PennantPark Investment Advisers, Stellus Capital Management and Five Points Capital (which also made an equity co-investment); Ad.net's CEO and founder Jon Waterman retained a significant ownership stake and will remain CEO.
- Buyers
- Clarion Capital Partners, Five Points Capital, PennantPark Investment Advisers, Stellus Capital Management
- Targets
- Ad.net, Inc.
- Industry
- Marketing & Advertising
- Location
- California, United States
- Transaction Type
- Growth capital
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