Datasite buyout blends best of private and public funding

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By Owen Sanderson
02 Dec 2020

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 ...

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