ASG secures financing

NAPLES — ASG Software Solutions recently secured $250 million in debt financing from TPG Opportunities Partners. Terms of the deal were not disclosed.

TPG, formerly Texas Pacific Group, is a private investment firm based in San Francisco that has raised nearly $52 billion since 1992.

The $250 million loan will help refinance debt currently held by ASG, a provider of software services for large corporations around the world. Arthur Allen, the founder of ASG, will remain as the company's chairman and CEO, according to a statement.