{"id":4964,"date":"2015-07-23T00:00:00","date_gmt":"2015-07-23T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-brockway-moran-portfolio-company-on-refinancing\/"},"modified":"2026-06-25T12:39:12","modified_gmt":"2026-06-25T16:39:12","slug":"livingstone-advises-brockway-moran-portfolio-company-on-refinancing","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/zh-hans\/transaction\/livingstone-advises-brockway-moran-portfolio-company-on-refinancing\/","title":{"rendered":"\u7acb\u77f3\u4e3aTurning Tech LLC\u5f97\u5230\u6765\u81eaBDCA\u7684\u6295\u8d44\u63d0\u4f9b\u54a8\u8be2"},"content":{"rendered":"\n<p><strong>Livingstone, an international mid-market M&amp;A and debt advisory firm, is pleased to announce the successful refinancing of Turning Tech LLC &lpar;\u201cTurning Tech\u201d or the \u201cCompany\u201d&rpar;, a portfolio company of Brockway Moran &amp; Partners &lpar;\u201cBrockway Moran\u201d&rpar;. Livingstone Chicago\u2019s debt advisory team worked with Brockway Moran on the transaction and secured debt capital from Business Development Corporation of America &lpar;\u201cBDCA\u201d&rpar;.<\/strong><\/p><p>Founded in Youngstown, Ohio in 2002, Turning Tech is a leading developer, marketer, and distributor of innovative education technology products to the global higher education, K-12, corporate training and government markets. Turning Tech\u2019s products include audience response systems, assessment products and other classroom technology. The company\u2019s products facilitate adaptive instruction, efficient data capture and greater student engagement.<\/p><p><em>\u201cLivingstone\u2019s deep experience and relationships across the middle market lending community were crucial to sourcing the most aggressive pricing and terms for Turning Tech. We are excited to partner with an experienced financing partner in BDCA who shares our vision for the business,\u201d<\/em> commented B<strong>rockway Moran Partner Larry Shagrin.<\/strong><\/p><p><em>\u201cThe Turning Tech refinancing is another example of our debt advisory team working with a private equity sponsor to secure a tailored solution,\u201d<\/em> added <strong>Livingstone Debt Advisory Director Tom Lesch<\/strong>. The Brockway relationship adds to Livingstone\u2019s growing roster of private equity clients, including H.I.G. Capital, Riverside Partners, Calvert Street Capital, Sun Capital, Monomoy Capital, Prairie Capital and Wynnchurch Capital.<\/p><p>Brockway Moran &amp; Partners has raised over $1.3 billion of equity through three private equity funds and is currently managing the investments of Brockway Moran &amp; Partners Fund II, L.P. and Brockway Moran &amp; Partners Fund III, L.P. The firm\u2019s portfolio companies operate in the consumer, healthcare and education industries. Brockway Moran &amp; Partners focuses on firms with significant growth opportunities through internal expansion, industry consolidation or innovative business strategies. Since 1998, the firm has completed over 75 transactions.<\/p><p>Livingstone\u2019s dedicated debt advisory team provides a broad range of fixed income services to domestic and international clients, including corporates and financial sponsors around the world. With an extensive global footprint, Livingstone has expertise and execution capabilities in variety of products and cross-border situations. As an independent investment bank, not affiliated with any financial lending institutions, Livingstone is uniquely positioned to objectively arrange the most borrower-friendly capital structures for clients. The firm specializes in a variety of security types &lpar;Senior Bank Debt, Junior Secured Debt, Mezzanine Debt, and Convertible Debt&rpar; to support leveraged buy-outs, management buy-outs, refinancing, and balance sheet recapitalizations.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3103,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-4964","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[898],"date":"20150723","client_type":63,"type":[1082],"region":[1157],"services":[422],"sectors":[488,531,544],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u7acb\u77f3\u4e3aTurning Tech 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