Datasite buyout blends best of private and public funding

Mid-market firm CapVest won the auction to buy software provider Datasite with a unitranche loan in October, and it is now taking out the senior layer with a public syndication to firm up the financing on better terms. It's a deal that combines the strengths of public and private funding.
CapVest announced the purchase of the software firm, which provides data room facilities for M&A transactions, at the end of October. Financing conditions were undisclosed at the time, but GlobalCapital understands it was backed by a $950m unitranche from Blackstone.
Rather than representing term financing, however, the unitranche ...Already a subscriber? Login