Graycliff Partners Announces Credit Investment in BDV Solutions

Graycliff Partners LP announced it has completed a unitranche debt and minority equity investment in support of Astara Capital Partners’ acquisition of BDV Solutions (“BDV” or the “Company”), in partnership with the Company's current owners, including Founder and CEO Britt Vergnolle.

Headquartered in Greenville, SC, BDV is a tech-enabled, turnkey provider of employment-based immigration services to foreign nationals and employers whose solutions help resolve labor shortages in industries across the United States.

“We are pleased to partner with Astara and the BDV team on this transaction,” said Brian O’Reilly, Managing Director, Graycliff Partners.  “Britt and her diverse management team have built an extremely successful platform that is well positioned to grow given the current labor challenges faced by employers today.” 

“We are excited to bring Graycliff on as our financing partner. They were creative, flexible and moved quickly to close in our expedited timeframe,” said Lindsey Tannenbaum, Partner, Astara Capital Partners.“We look forward to working with them again in the near term.”

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on making lower middle market investments. Through dedicated equity and credit funds, Graycliff seeks to invest in companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion.

Graycliff Partners’ dedicated credit platform manages over $650 million of committed capital and provides financing solutions to lower middle market companies with $3 million to $25 million of EBITDA.

Graycliff is actively seeking new opportunities to deploy capital via unitranche debt, subordinated debt, or minority equity. Please reach out to anyone on the Graycliff team – we are happy to discuss new potential opportunities.