Daily News: January 9, 2013

Prospect Capital Provides Debt Financing for Ryan Acquisition


Prospect Capital announced it has provided $70 million of debt financing for the acquisition of Thomson Reuters Property Tax Services (PTS) by Ryan, a global tax services firm.

“We are impressed with the Ryan management team’s successful track record over a more than 20-year history,” said Richard Carratu, a managing director of Prospect Capital Management. “Prospect’s acquisition financing both supports Ryan and demonstrates Prospect’s ability to provide value to strategic buyers while generating a compelling yield for our shareholders.”

Dallas, TX-based Ryan has the largest indirect tax practice in North America and the sixth largest corporate tax practice in the U.S. The firm has a team of more than 1,600 professionals and associates serves over 6,500 clients in 40 countries.