Centerview Partners Archives

Blackstone Completes Acquisition of Copeland, Formerly Emerson Climate Technologies

Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.

SVB Financial Group Files Chapter 11

SVB Financial Group, which is no longer affiliated with Silicon Valley Bank, filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value.

Avaya Holdings Enters into Restructuring Support Agreement with Secured Lenders

Avaya Holdings, a provider of solutions to enhance and simplify communications and collaboration, entered into a restructuring support agreement with overwhelming support of more than 90% of the company’s secured lenders.

Serta Simmons Bedding Commences Pre-Arranged Chapter 11 Proceedings

Serta Simmons Bedding, a global sleep company, is taking steps to strengthen its financial position as it continues to support long-term growth.

PTC to Acquire SaaS Field Service Management Provider ServiceMax

PTC signed a definitive agreement to acquire ServiceMax for approximately $1.46 billion in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake.

Monarch Alternative Capital Provides $500MM Secured Financing to Dhanani Group

Dhanani Group closed financing totaling $500 million. Monarch Alternative Capital and its partners led the five-year secured bank loan facility.

J.P. Morgan and Others Support Clearlake’s Completed Acquisition of Cornerstone OnDemand

Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.

Apollo-Led Group to Become Majority Owners of Restructured Riverbed Technology

Riverbed Technology entered into a restructuring support agreement regarding the terms of a financial restructuring. Upon consummation of the recapitalization, a group of institutional investors led by Apollo Global Management will become the majority owners of the company.

Dave and Victory Park Capital’s SPAC Enter Business Combination Agreement

The banking app Dave and VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital, entered into a business combination agreement that will result in Dave becoming a publicly traded company with an expected equity value of approximately $4 billion.

BoA and TCW Provide $210MM for Rocky Brands’ Acquisition of Honeywell’s Footwear Business

Bank of America provided an $80 million senior secured asset-backed credit facility and TCW Asset Management provided a $130 million term loan facility to support footwear manufacturer Rocky Brands’ acquisition of the performance and lifestyle footwear business of Honeywell International.

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