Wilmington Trust, a wholly-owned subsidiary of M&T Bank, agreed to sell its Collective Investment Trust (CIT) business to Madison Dearborn Partners, a private equity firm based in Chicago.
Audax Private Debt provided a unitranche credit facility to support Madison Dearborn Partners’ acquisition of Unison, a provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors.
Through its global direct lending platform, Ares Management is serving as the lead arranger for a £1.875 billion ($2.34 billion) financing commitment to The Ardonagh Group, an independent insurance broker.
Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.
Madison Dearborn Partners and CoVant Management acquired LinQuest, a space systems technology solutions provider to the U.S. defense and intelligence communities. Merrill Lynch provided a credit facility to support the transaction.
BMO Harris’ Sponsor Finance group was joint lead arranger, joint bookrunner and administrative agent for the $240 million facilities that supported Madison Dearborn Partners’ equity investment in Aderant Holdings.