Reported 11 months ago
A consortium of private credit lenders provided debt financing for Bain Capital's $5.6 billion purchase of PowerSchool Holdings Inc., surpassing competing banks. Ares Management Corp., HPS Investment Partners, Blackstone Inc., Blue Owl Capital Inc., Sixth Street Partners, and Golub Capital were among the lenders. The transaction, also involving Vista Equity Partners and Onex Partners, is set to make PowerSchool a private company in the second half of 2024, with continuing minority investments from Vista Equity Partners and Onex Partners.
Source: YAHOO