Caltius Structured Capital Provides Subordinated Debt & Equity to Spinnaker Support
July 16, 2019
Caltius Structured Capital (“Caltius”) is pleased to announce the closing of a structured capital investment in Denver, Colorado-based Spinnaker Support. Caltius provided a combination of equity and debt to support continued capital growth, portfolio expansion and geographic reach.
Founded in 2008, Spinnaker Support is a leading provider of third-party support and managed services, primarily for Oracle and SAP enterprise software and technology products. The company’s award-winning services are delivered at significant cost savings and keep business-critical software available, secure, compliant and interoperable.
“The Caltius team was knowledgeable and thorough, and ran a very smooth diligence and closing process,” said Matt Stava, CEO of Spinnaker Support. “With their help, we will expand market share more rapidly and build incremental value through continued organic growth and strategic acquisitions.”
“Matt and his team have done an exceptional job of establishing a strong reputation and diversified customer base,” said Alisa Frederick, managing director of Caltius Structured Capital. “We are looking forward to helping Spinnaker Support expand its market opportunities and service offierings to achieve its long term growth plan.”