Absolute Software completed its acquisition of 100% of NetMotion Software from The Carlyle Group for $340 million. Absolute funded the acquisition with approximately $65 million in cash from its balance sheet and a $275 million secured term loan from Benefit Street Partners.
CFGI, Argus Management and Brown Rudnick acted as reorganization counsel to Dean and DeLuca, a U.S. chain of upscale grocery stores, in the company’s recent Chapter 11 emergence.
The Carlyle Group’s global credit platform led and structured a debt financing package to support Blue Point Capital Partners’ acquisition of Cleveland-based Transtar Holding Company, a global provider of transmission and driveline-related solutions.
Antares Capital served as joint lead arranger and is acting as administrative agent on $1.4 billion in senior secured credit facilities to support Harvest Partners’ investment in Galway Insurance Holdings, the holding company for EPIC Brokers & Consultants and JenCap.
Middle market investment bank Westlake Securities secured $160 million of committed senior and junior capital, in aggregate, from PNC Bank and The Carlyle Group’s global credit platform for Zippy Shell.
Jacobs is acquiring a 65% stake in PA Consulting and also providing debt financing in the form of a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to fund future growth.
MUFG Union Bank’s commercial banking group acted as lead arranger for a recapitalization for software company NetMotion. NetMotion is a portfolio company of The Carlyle Group.
Guitar Center, a global musical instrument retailer, entered into a restructuring support agreement with its equity sponsor, funds managed by the private equity group of Ares Management, Brigade Capital Management and The Carlyle Group.
Audax Private Debt, as joint lead arranger and joint bookrunner, provided a senior secured credit facility to support The Carlyle Group’s acquisition of Unison.