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Buyers Edge Platform Completes a $1.1 Billion Recapitalization to Accelerate the Next Phase of Growth

Successfully Closes Oversubscribed $560M Term Loan B and $130M Revolving Credit Facility Waltham, MA – May 16, 2024 – Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced it has completed a $1.1B recapitalization to support its continued growth through the successful closing of a $560M Term Loan B maturing in 2031 and a $130M revolving credit facility maturing in 2031 (“new credit facilities”).  The new credit facilities build on the Company’s $425M preferred equity investment secured from a consortium led by General Atlantic Credit’s Atlantic Park Fund, alongside funds managed by Blackstone Tactical Opportunities and investment funds managed by Morgan Stanley Tactical Value, announced in April 2024. Buyers Edge’s Term Loan B transaction represented the tightest pricing for any debut deal by technology companies since November 2021 and financing was well oversubscribed due to strong demand. The proceeds from the Term

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Buyers Edge Platform Solutions for Foodservice Excellence in 2024

The recent 2024 State of the Restaurant Industry report by the National Restaurant Association paints a vivid picture of the challenges faced by foodservice operators today.   However, there is hope on the horizon. As forward-thinkers, Buyers Edge Platform understands the pulse of the industry and recognizes the need for innovative solutions to address these challenges head-on.     Let’s explore the benefits of leveraging the power of Buyers Edge Platform, which combines our Digital Procurement Network, Fresh Solutions, Supply Chain Management, and SaaS Solutions.  With the foodservice industry projected to reach $1 trillion in sales in 2024, staying ahead in the competitive landscape is crucial. Our Digital Procurement Network streamlines the procurement process, providing operators with a centralized platform to source quality supplies and ingredients at competitive prices. By optimizing purchasing efficiency, operators can enhance their profit margins and focus on delivering exceptional culinary experiences to their customers.  The projected growth

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Increase Buying Power: GPO vs. Buying Group

To reduce costs, gain a competitive edge, and optimize operations, foodservice operators often turn to either a Group Purchasing Organization (GPO) or a Buying Group. These entities share a common goal: helping businesses harness their collective buying power to secure cost savings and a range of other benefits when procuring goods and services. Let’s dive deeper into the specifics of each choice to help you understand which option aligns better with your procurement needs and objectives:   What is a Group Purchasing Organization or GPO? A Group Purchasing Organization (GPO) is an entity that negotiates contracts with suppliers on behalf of its member businesses. These contracts typically cover a wide range of products and services, such as medical supplies, office equipment, or industrial materials.   What is a Buying Group? A Buying Group, also known as a Purchasing Cooperative or a Cooperative Buying Group, is an organization formed by independent

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Buyers Edge Platform Launches Back Office, One-Stop-Shop for Restaurants to Manage Food Costs and Automate Back Office Operations

WALTHAM, Mass., March 6, 2023 /PRNewswire/ — Buyers Edge Platform, the leading foodservice procurement platform with more than $35 billion in transactional volume, announced the launch of Buyers Edge Back Office, a one-stop-shop solution for restaurant operators to manage food costs and automate their back-office operations. The restaurant segment is specialized and needs back-office software that is built specifically for them.  Historically, legacy back-office solutions have not been very user friendly or built with the operator in mind. The need for data-driven technology solutions that help restaurants cut food costs, increase operational effectiveness, and ultimately increase profits has grown as a result of the current economic conditions in the hospitality sector. While operators invested in numerous solutions to gain visibility into their purchasing habits during Covid, restaurants are ready to minimize that tech stack. The majority of restaurants are searching for a solution that is designed to address the specific revenue, cost of goods, and labor

Buyers Edge Platform Acquires ArrowStream, a Leading SaaS Provider

Adds the fastest growing foodservice supply chain management software provider with a $35 billion network to drive further efficiency, collaboration, and transparency. WALTHAM, Mass., Aug. 3, 2022 /PRNewswire/ – Buyers Edge Platform (“Buyers Edge”), a leading digital procurement platform with more than $20 billion in total foodservice spend under management, today announced the acquisition of ArrowStream, a leading provider of supply chain management Software-as-a-Service (“SaaS”) to the foodservice industry.  Emerging from what has been one of the most challenging periods in foodservice history, distributors, suppliers, and operators are facing inflation, commodity shortages, climate change concerns, shifting consumer demand, and production delays. This backdrop has increased the need for data-driven technology solutions that can ease the pain, lower food costs, and improve margins.  ArrowStream’s powerful software enables clients to proactively capitalize on data to improve their supply chain operations. ArrowStream’s software addresses mission-critical challenges in brand protection, supply monitoring, profitability optimization, and sales growth enablement across the foodservice