Scaled Agile nets financing for sponsor-to-sponsor LBO

Scaled Agile Inc. received a senior credit facility backing a buyout of the company by Eurazeo, sources said.

Barings Finance LLC and Churchill Asset Management arranged the debt financing. Barings Finance was the administrative agent.

Paris-based investment firm Eurazeo and its partners will acquire a majority stake alongside current investors, Leeds Equity Partners and the Scaled Agile team, according to a Nov. 16 statement about the transaction. Leeds Equity Partners invested in Scaled Agile in 2019.

Scaled Agile, based in Boulder, Colo., designs the Scaled Agile Framework that enables enterprises to develop and scale their agile development practices.