Eckhart nets financing backing sponsor-to-sponsor buyout

Eckhart USA obtained a senior secured credit facility backing a buyout of the company by Arsenal Capital Partners, market sources said Jan. 18. MidCap Financial was administrative agent, sole arranger and sole bookrunner on the loans, market sources said.

Arsenal Capital announced Jan. 18 that it acquired Eckhart from LFM Capital. No details about the transaction were given.

Eckhart provides advanced engineering and integration services.