Brightwood Capital Advisors, LLC, a private credit firm, announced that it has refinanced existing indebtedness of Subsea Global Solutions (“Subsea” or the “Company”), a portfolio company of GenNx360 Capital Partners (“GenNx360”). Financial terms of the transaction were not disclosed.

Subsea Global Solutions is a commercial diving company operating in the maritime industry with a highly skilled technician base of over 200 divers across 14 locations in seven countries. The Company focuses on developing new underwater technologies and advanced service and repair methods to improve operational efficiencies and ensure customer safety. Subsea’s specialized team, vast network of global working partnerships, and technical capabilities enable it to deliver turn-key solutions globally.

“We are pleased to support our partners at GenNx360 through the refinancing of Subsea, which provides efficient and safe underwater solutions to marine assets in a wide range of global markets,” said Scott Porter, Managing Director at Brightwood. “We look forward to our continued relationship with GenNx360 and the future of Subsea, as it focuses on creating and delivering critically needed underwater technological solutions to its growing global client base.”

“Brightwood’s knowledgeable team and ability to deliver flexible financing solutions have been critical to Subsea’s future growth plans,” added Lloyd Trotter, Founder and Managing Partner at GenNx360. “The underwater maintenance industry provides key solutions to help sustain numerous core markets in our global economy, including commercial shipping, cruise shipping, and offshore oil and gas. We are pleased to support Subsea’s continued contributions to these sectors and look forward to opportunities to partner with Brightwood in the future.”

About Brightwood Capital Advisors

Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle-market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.

Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.

About GenNx360 Capital Partners

GenNx360 Capital Partners is a private equity firm focused on investing in middle market business services and industrial companies. GenNx360 partners with companies having proven and sustainable business models in expanding industries, with the objective of implementing and supporting value enhancing organic and inorganic initiatives to accelerate growth, deliver efficiencies and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City. For more information, please visit www.gennx360.com

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