Blackstone leads $1.5bn private credit financing to support Baker Tilly–Moss Adams merger - Private Equity Wire
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According to Grant Thornton, Baker Tilly is probably the next auditing and consulting firm to explore a cooperation with private equity. Here, too, a prominent investment bank is in play.
Blackstone leads $1.5bn private credit financing to support Baker Tilly–Moss Adams merger - Private Equity Wire
Blackstone has led a $1.5bn private credit financing package to support the merger of US accounting firms Baker Tilly and Moss Adams, according top a report by Bloomberg News citing an unnamed source familiar with the matter. The debt package includes a $925m term loan, a $400m delayed draw term loan, and a $130, revolving credit facility. The facility supplements $1bn of previously privately placed debt. The incremental financing is reportedly …
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