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TORONTO, ONTARIO--(Marketwired - Mar 11, 2016) - Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its private corporate debt division, IAM Private Debt Grou, today announced a financing of $28 million for Data Group Ltd. ("DATA") (TSX:DGI). The loan from the IAM Private Debt Group is part of a refinancing by DATA of its senior credit facilities.
DATA helps marketers and agencies unify and execute communications campaigns across multiple channels, and helps operations teams streamline and automate document and communications management processes. Core capabilities include direct marketing, print services, labels and asset tracking, event tickets and gift cards, logistics and fulfilment, content and workflow management, data management and analytics, and regulatory communications. DATA serves clients in key vertical markets such as financial services, healthcare, lottery and gaming, retail, not-for-profit, and energy. It is strategically located across Canada to support clients on a national basis, and serves the U.S. market through its facilities in Chicago, Illinois.
Philip Robson, President of the IAM Private Debt Group, said "We are pleased to have been able to assist DATA, recently rebranded as DATA Communications Management, in the restructuring of its debt and to support its plans for future growth."
The IAM Private Debt Group manages and provides funding from the $1.5 billion Integrated Private Debt Fund LPs on behalf of Canadian pension funds, endowments, foundations and other institutional investors.
IAM is one of Canada's leading alternative asset management companies with approximately $2.4 billion in assets and committed capital under management in real estate, private debt and managed futures.