Silicon Valley Bank provides credit to Carlyle's The Foundry

Silicon Valley Bank (SVB) has provided a new credit facility to Carlyle's software holding The Foundry.

The new credit line will support the merger of The Foundry and US 3D software specialist Luxology. The merger was completed in September 2012.

Paul Jackson, managing director of corporate banking, led the transaction for SVB. Bill Collis is CEO of The Foundry.

Carlyle acquired the Foundry in March 2011 from Advent Venture Partners. The deal was valued at £75-100m. SVB provided senior debt for the initial transaction.

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