Crescent European Specialty Lending Announces Financing for Germany’s 3B Scientific

LONDON & LOS ANGELES–(BUSINESS WIRE)–Crescent Capital Group LP, a leading alternative credit investment firm,
announced today that its European Specialty Lending strategy has
provided a senior term loan to 3B Scientific, the world’s leading
manufacturer and marketer of anatomical and biological teaching aids for
medical simulation, healthcare and patient education, and science. Terms
of the transaction were not disclosed.

3B Scientific was acquired in January 2017 by J. H. Whitney Capital
Partners, LLC in an all-equity transaction.

“We are very pleased to work with J. H. Whitney Capital Partners and to
support 3B Scientific as it continues to grow its position as a leader
in the global healthcare education sector,” said Christine Vanden
Beukel, Managing Director and head of Crescent’s European Specialty
Lending strategy. “This transaction will give 3B Scientific a flexible
capital structure that complements the company’s financial strategy and
supports its next phase of growth.”

About Crescent Capital Group

Crescent Capital Group LP is headquartered in Los Angeles with offices
in Boston, London and New York. With over 70 investment professionals
and more than 150 employees, the firm invests at all levels of the
capital structure, with a significant focus on below investment grade
credit through strategies that invest in senior bank loans, high yield
debt, mezzanine debt, distressed debt and other private debt securities.
As of September 30, 2017, Crescent Capital Group LP managed more than
$25 billion in assets, with a relatively equal split between marketable
securities and privately originated debt investments.

About 3B Scientific

3B Scientific was founded in 1948 in Hamburg, Germany and has grown to
be the world’s leading manufacturer of anatomical and biological
teaching aids for science, healthcare and patient education. Represented
in over 100 countries worldwide, the brand name 3B Scientific® stands
for best quality, best value, and best service. To learn more about 3B
Scientific, visit: www.3bscientific.com.

About J. H. Whitney

J. H. Whitney, established in 1946 by the industrialist and
philanthropist, John Hay “Jock” Whitney, was one of the first U.S.
private equity firms and is often credited with pioneering the
development of the private equity industry. Today, J.H. Whitney Capital
Partners, LLC remains privately owned by its investing professionals and
the main activity is to provide private equity capital to small and
middle market companies with strong growth prospects in a number of
industries including healthcare, consumer, and specialty manufacturing.
For more information, please visit www.whitney.com.

Contacts

Crescent Capital Group
Mendel Communications
Bill Mendel,
+1-212-397-1030
bill@mendelcommunications.com