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2017-02-08

Barings: Barings Extends Senior Credit Facility To Support Refinancing, Add-On for Battery Ventures' Forterro Unit

CHARLOTTE, N.C., Feb. 08, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world's
leading asset management firms, announced today that it acted as mandated
lead arranger of a senior secured credit facility to support Battery
Ventures' portfolio company Forterro.

Forterro is a group of European specialized enterprise resource planning (ERP)
software companies serving a diverse set of small- to medium-sized
enterprises across a variety of sectors. The company will use the credit
facility to refinance existing debt and to fund the acquisition of BPSC, a
Polish provider of ERP software solutions for manufacturing, wholesale and
retail customers.

"Battery Ventures appreciates the contributions of Barings' European private
finance team in supporting Forterro on these strategic growth initiatives,"
said Morad Elhafed, partner at Battery Ventures. "The experience and depth of
the Barings team enabled it to deliver a complex multi-currency credit
facility on a tight timetable."

"Barings is very pleased to partner with Battery Ventures to help Forterro
optimize its financing structure and continue to execute its growth strategy
with the investment in BPSC," said Mark Wilton, a managing director at
Barings. "Forterro represents an attractive risk/return opportunity based on
the highly integrated and mission-critical nature of its software products
within its customers' businesses, its strong recurring revenue and
profitability model and its high cash generation. We are confident that the
company will continue to benefit from Battery Ventures' expertise in software
and technology and strong record of value creation."

About Battery Ventures

Battery strives to invest in cutting-edge, category-defining businesses in
markets including software and services, Web infrastructure, consumer
Internet, mobile and industrial technologies. Founded in 1983, the firm backs
companies at stages ranging from seed to private equity and invests globally
from offices in Boston, the San Francisco Bay Area and Israel. Follow the
firm on Twitter @BatteryVentures and visit www.battery.com to learn more.

About Barings LLC

Barings is a $271 billion* global asset management 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. A member of the MassMutual Financial Group, Barings maintains a
strong global presence with over 1,700 employees and 600 investment
professionals across 41 offices in 17 countries. Learn more at
www.barings.com.

*As of December 31, 2016

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Contact:

(U.K.) Ali Dyson, Barings, +44 (0) 20 7214 1093, alison.dyson@barings.com
(U.S.) Brian Whelan, Barings, 704.805.7244, brian.whelan@barings.com

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Barings via Globenewswire

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