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Barings Backs ATL Partners' Investment in Rock-It Cargo

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Barings Backs ATL Partners' Investment in Rock-It Cargo

-- Deal solidifies Barings' stature as one of top lenders in transportation and logistics sector

-- Financing will support growth of leading logistics provider for music touring industry

PR Newswire

CHARLOTTE, N.C., Aug. 22, 2018 /PRNewswire/ -- Barings, one of the world's leading financial services firms, announced it served as agent, lead arranger and sole bookrunner on a senior secured credit facility to support ATL Partners in acquiring a majority stake in Rock-It Cargo USA LLC and RICH Forwarding Limited, together, Rock-It Cargo.

(PRNewsfoto/Barings)

Founded in 1978 and based in Los Angeles and New York, Rock-It Cargo is a leading provider of specialized international freight forwarding and logistics solutions to the live entertainment and music touring, fine arts, sports, corporate events, industrial power projects, and humanitarian relief end markets. Operating through six market-leading brands with a global footprint of 32 locations in 12 countries, Rock-It Cargo's more than 400 employees execute complex and mission-critical projects for over 3,500 global clients.

About ATL Partners

Founded in 2014, ATL Partners makes private equity and certain preferred securities or debt investments in the aerospace, transportation and logistics sectors principally in North America. ATL is led by investment professionals who have been investing in ATL's focus sectors for decades. For more information about ATL Partners, visit www.atlpartners.com.

About Barings

Barings is a $306+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, Barings maintains a strong global presence with over 1,800 professionals and offices in 16 countries. Learn more at www.barings.com.

*As of June 30, 2018

Media Contact: 
Kelly Smith, Media Relations, Barings, 980-417-5648, kelly.smith@barings.com

18-570318

 

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SOURCE Barings

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