Origination, M&A, LBO

Berkshire Partners Explores Exit for Implus Sporting Goods

Reporting: Dayna Fields, Emily Fasold Berkshire Partners-backed Implus Corp. is pursuing a sale with William Blair as financial advisor, according to sources familiar with the matter. The company generates roughly $70 million in EBITDA on revenue in the $350 million to $400 million range,...

Published on Nov 19, 2024

Bridgepoint Confirms Reinvestment in Kyriba, Alongside New Minority Investor General Atlanti

Relevant Document: Bridgepoint Notice Bridgepoint is set to reinvest in U.S. financial software firm Kyriba while maintaining its position as the majority shareholder in a transaction that will see General Atlantic join as a new minority investor. The deal values Kyriba at over $3 billion and is...

Published on Oct 16, 2024

UPDATE 9: Ares’s, QIC’s Up-To AUD 240M Five-Year Facility to Finance Genesis Takeover Bid of Pacific Smiles Pays BBSY + 5-6.00%, PIKable; Caps Net Leverage At 5x-7.25x

Thu Sep 19, 2024 11:36 PM ET: The Ares Management and QIC Limited up-to 240 million Australian dollar ($119.25 million) secured five-year private credit facility backing a Genesis Capital-led consortium’s up-to AUD 224 million ($152 million) bid for Australian dental clinic operator Pacific...

Published on Sep 19, 2024

Liberty Media and Sirius XM Satellite Announce Merger Consistent With Initial Announcement, Modest Impact on SIRI Credit

Credit Research: Michael McCaffery, CFA Relevant Items: Liberty Media & Sirius XM Announce Merger 8-K Liberty Media & Sirius XM Announce Merger Slides Sirius XM Satellite Q3’23 10-Q Liberty Media Q3’23 10-Q Liberty Media Initial Proposal for Sirius XM Announcement Sirius XM...

Published on Dec 12, 2023

Ares and HPS Could Provide $3B to Back Carlyle’s Potential Acquisition of Baxter’s Kidney-Care Unit; Pricing Indicated at SOFR+500 Bps

    Reporting: Paola Aurisicchio; Yuheng Zhan Relevant Document: Form 8-K Private lenders Ares Management and HPS Investment Partners are in talks with private equity firm Carlyle to provide roughly $3 billion debt financing to back Carlyle’s potential acquisition of Baxter...

Published on Jul 31, 2024

Comvest Said to Be in Talks to Buy Dental Service Organization BAF Management

  Reporting: Armie Margaret Lee Comvest Partners is in discussions to acquire Beekman Group-backed dental service organization BAF Management Services LLC, according to industry sources. Reorg reported in February that BAF was preparing to go to market, with William Blair & Co. LLC as its...

Published on Jul 29, 2024

GEAR Signs $850M-Equivalent Facilities for Illawarra Met Coal Acquisition, Including $600M 5Y Private Credit 

A consortium led by Singapore-based miner Golden Energy and Resources Pte Ltd., or GEAR, has signed $850 million-equivalent facilities backing the acquisition of Australia’s Illawarra Metallurgical Coal, or IMC, including a $600 million five-year loan from private credit funds at around SOFR+...

Published on Jul 22, 2024

The Octus Download: Where Markets Meet Real Life

There’s a lot of noise in financial media — hot takes, jargon, and more questions than clarity. That’s why we created The Octus Download, a biweekly podcast designed to cut through the chaos. Hosted by Jason Sanjana and Kevin Eckhardt, The Octus Download is where deep financial analysis meets...

Published on Mar 29, 2024

Reorg Accelerates Expansion of Market-Leading Credit Intelligence and Technology Solutions with Acquisition of LoansIntel

Published on Jan 9, 2024

Reorg and FinDox to Combine to Offer Best-In-Class Solutions for the Credit Markets

Published on Nov 9, 2022