Hardware

Barings, Graham Partners invest in BrightSign

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January 7, 2022

Barings, an investment management firm, has provided secured financing and an equity co-investment to support private equity firm Graham Partners' investment in BrightSign LLC, a digital signage hardware and software provider, according to a company press release.

BrightSign, headquartered in Los Gatos, California, provides signage technology to a variety of markets, including retail, restaurants, sports, and entertainment.

"BrightSign is a leading, innovative player in the industry with superior technology and strong customer and partner relationships," Rob Newbold, managing principal at Graham Partners, said in the release. "Graham plans to leverage the company's leading market position and continue its expansion into high-growth end markets and technology partnerships. We are glad to have the support of Barings, who moved quickly and has the capacity to support the company's future growth."

BrightSign's technology positions the company as an end-to-end digital experience provider for many high-growth markets including retail, healthcare, education, attractions, stadiums, and transportation, among others.

"We are excited to be the financing partner of BrightSign in the next chapter of its growth in combination with Graham," Scott Chappell, managing director of Barings, said in the release.

In addition to Barings, Churchill Asset Management is a co-lender in the financing. Financial terms were not disclosed.

Barings is a $387 billion investment manager sourcing differentiated opportunities and building portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm is a subsidiary of MassMutual.

Graham Partners is a private investment firm investing in technology-driven companies that are spurring innovation in advanced manufacturing. The firm was founded in 1988.