Bain Capital Partners is tapping Bank of America, JPMorgan and Deutsche Bank for the debt financing backing the $1.5 billion acquisition of School Specialty, an educational company providing learning materials for the pre-kindergarten-12 market. The deal is expected to close during School Specialty's fiscal second quarter which ends October 29. A spokesman for Bain had no comment. Calls to Mary Kabacinski, executive v.p. and cfo of School Specialty, were not returned. A spokeswoman for Bank of America and spokesmen for JPMorgan and Deutsche Bank declined comment.
Bain Taps Trio For School Specialty LBO Financing