Morgan Stanley Archives

United Community Banks Completes Merger with Reliant Bancorp

On Jan. 1, United Community Banks completed its merger with Reliant Bancorp, including its wholly-owned subsidiary, Reliant Bank, which was merged with and into United’s bank subsidiary, United Community Bank, and will now operate under the United brand.

Ares Management Acquires AMP’s PrivateMarketsCo Infrastructure Debt Platform

Ares Management and its subsidiary, Ares Holdings, entered into a definitive agreement to acquire AMP’s PrivateMarketsCo Infrastructure Debt platform, an infrastructure debt investment platform with approximately $8 billion in assets under management as of Sept. 30.

Monroe Capital and Morgan Stanley Support Mammoth Holdings’ Wasatch Express Acquisition

Wasatch Express Car Wash, a one-unit car wash operator with operations in Utah, has agreed to join Mammoth Holdings, an express car wash platform. Monroe Capital and Morgan Stanley provided debt financing to Mammoth Holdings in connection with the transaction.

BMO Acquires Bank of the West for $16.3B

BMO Financial Group and its indirect, wholly-owned, Chicago-based subsidiary, BMO Harris Bank, signed a definitive agreement with BNP Paribas to acquire Bank of the West and its subsidiaries for $16.3 billion.

Citi and SEB Provide $1.12B Sustainability-Linked Revolving Credit Facility to Electrolux

Electrolux signed an agreement for an inaugural sustainability-linked revolving credit facility of €1 billion ($1.12 billion). The coordinating bookrunners and mandated lead arrangers for the facility are Citi and SEB.

Morgan Stanley Serves as Placement Agent on $750MM Credit Facility for BridgeBio Pharma

BridgeBio Pharma, a commercial-stage biopharmaceutical company focused on genetic diseases and cancers, executed a definitive credit facility agreement with a syndicate of lenders for up to $750 million in financing. Morgan Stanley acted as the sole placement agent to BridgeBio on this transaction.

November 19, 2021 Andrew Lo | Brian Stephenson | BridgeBio Pharma | Latham & Watkins | Morgan Stanley Ian Koplin

JPMorgan Chase-Led Syndicate Provides $10B to Support McAfee Acquisition

McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.

JPMorgan Chase Provides Financing to Support Intuit’s Acquisition of Mailchimp

Intuit acquired Mailchimp for approximately $5.7 billion in cash as well as stock considerations. Intuit partially funded the cash consideration through a $4.7 billion term loan under a new credit agreement. According to an 8K, JPMorgan Chase served as administrative agent for the agreement.

Blackstone, Apollo, KKR and Antares Support Thoma Bravo’s Acquisition of Medallia

Thoma Bravo completed its acquisition of Medallia in an all-cash transaction valued at $6.4 billion. Blackstone Credit, certain funds managed by affiliates of Apollo Capital Management, KKR Credit, Thoma Bravo Credit and Antares Capital are providing the debt financing for the transaction.

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.

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