New York, NY, January 21, 2022 – Churchill Asset Management (“Churchill”) today announced that it served as Sole Lead Arranger and Administrative Agent for a credit facility in support of Court Square’s investment in GoEngineer (the “Company”).
Founded in 1995 and headquartered in Salt Lake City, UT, GoEngineer is a leading reseller of 3D design and additive manufacturing systems integration solutions in the U.S. The Company has consistently been recognized as “Partner of the Year” by SOLIDWORKS and Stratasys, the #1 players in CAD design software and 3D printing, respectively.
“GoEngineer’s dominant position as a preferred partner in the growing CAD industry puts the Company in a prime position to benefit from growth in advanced manufacturing,” said Randy Schwimmer, Senior Managing Director and Co-Head of Senior Lending at Churchill. “We are excited to once again partner with Court Square as they continue to drive growth and market leadership alongside GoEngineer’s experienced and proven management team.”
The financing of GoEngineer marks the 13th transaction which Churchill’s senior lending team has completed in support of Court Square, a New York, NY-based private equity firm focused on middle-market companies.
“Our strong relationship with the Churchill team and their ability to move swiftly to provide a flexible and sizeable financing solution was instrumental in our success during this transaction,” said Matthew Dennett, Principal at Court Square. “We look forward to working with Churchill over the course of our partnership with GoEngineer.”
About Churchill Asset Management LLC
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $33 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 100 professionals in New York, Charlotte and Chicago. More information can be found at www.churchillam.com.
About Court Square
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 235 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.6 billion of assets under management and is based in New York, N.Y. For more information on Court Square, please visit www.courtsquare.com.
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This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.
Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisors LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.
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