Fort Point Capital Completes Refinancing of WolfePak Software
July 27, 2017
Boston, MA — Fort Point Capital ("Fort Point") announced the completion of the recapitalization of its portfolio company, WolfePak Software, LLC ("WolfePak" or the "Company"). Fort Point initially acquired a majority interest in WolfePak, a leading provider of financial, accounting and regulatory compliance software to the oil and gas industry, in June 2016. The recently completed recapitalization consisted solely of senior debt provided by Bell Capital Finance, the Company’s incumbent senior lender, and enabled WolfePak to fully repay its higher cost mezzanine debt.
"Since our initial investment, WolfePak has continued to grow and has performed beyond our expectations, particularly given the volatility in the broader oil and gas industry," said Christina Pai, a Partner at Fort Point. "The new capital structure significantly reduces WolfePak's overall borrowing costs and enhances the value creation opportunity for all shareholders. We greatly appreciate the continued partnership and support offered by the Bell Capital Finance team."
About WolfePak Software
WolfePak Software is a leading provider of financial, accounting and regulatory compliance software to the oil and gas industry. WolfePak serves well operators, first purchasers, investors and service providers in 41 states and 9 countries.
About Fort Point Capital
Based in Boston, Massachusetts, Fort Point Capital is a private equity firm that invests in lower middle market, service-oriented companies in partnership with strong management teams. Fort Point Capital is currently investing from FPC Small Cap Fund I. Please contact Fort Point at (617) 302-2444 or visit www.fortpointcapital.com.