Prospect backs online data provider

The $31 million loan could be priced in the range of 8-10 percent, sources say.

 New York-based Prospect Capital has provided a $31 million unitranche floating rate loan to Manhattan-based H.I.G Capital, a  Florida-headquartered private equity firm, for the acquisition of Intelius Holdings, an online public data provider.

The lender declined to comment on the loan terms, but sources familiar with the deal said the pricing could be in the range of 8-10 percent inclusive of a Libor floor.

Before funding the Intelius acquisition, Prospect has worked on about 15 deals with H.I.G Capital, according to company sources. In December 2014, Prospect lent $127 million to InterDent, an H.I.G portfolio company for ‘recapitalization strategies’ and in August, it provided $210 million first lien secured funding to recapitalize another of H.I.G’s portfolio firms (a food services company).

H.I.G Capital, with $17 billion in equity capital, has invested in and managed more than 200 companies globally, according to the company website. Last month, through its various affiliates, it acquired a range of companies from carpet makers (Northwest Carpet) to radio frequency and digital video processing equipment makers (Toronto based ATX Networks Corporation).

Washington-based Intelius Holdings provides online public information through people searches and other data such as criminal records, property records, contact information and possible connections with other people or organizations for its customers.