Daily News: December 4, 2014

GE Capital Agents Vista Equity Facility to Support Acquisition

GE Capital’s Telecom, Media and Technology (TMT) financing business announced that it served as administrative agent on a $310 million senior secured credit facility to support Vista Equity Partners’ acquisition of compliance and ethics software provider NAVEX Global. GE Capital Markets served as co-lead arranger and co-bookrunner on the facility.

“NAVEX is a perfect example of increasing investor interest in business-to-business software and software enabled service providers who offer applications through subscription models,” noted Raj Seth, managing director and technology analyst with GE Capital’s TMT business. “NAVEX is well-positioned as regulatory and compliance-related issues become increasingly critical across many industry segments.”

“GE Capital has strong capabilities in the technology sector. We value our collaborative financing relationship with them and appreciate their hard work in leading this transaction for us,” said Kevin Sofield, head of capital markets at Vista Equity Partners.

“In today’s complex world, companies are increasingly moving to software technology to help them manage compliance risk,” said Matthew Fleming, managing director with GE Capital’s TMT business. “We’re pleased to provide financing in support of Vista, a value-adding investor in the technology space, and NAVEX as they continue to innovate and grow.”

NAVEX offers policy and case management software, internal reporting solutions, automated third-party risk management, online training and advisory services to help remediate key workplace compliance risks.