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OHA is Administrative Agent & Joint Lead Arranger of Private Unitranche Financing Supporting Berkshire Partners' Acquisition of Triumvirate Environmental
TROWT. Rowe Price(TROW) Newsfilter·2025-02-06 15:15

Company Overview - Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience, managing approximately 71billionofcapitalacrossvariouscreditstrategiesasofSeptember30,2024[3][4]TriumvirateEnvironmental,foundedin1988,providessustainableenvironmentalsolutionstoover4,000customersacrossNorthAmerica,focusingonlifesciences,healthcare,education,andadvancedmanufacturing[5]BerkshirePartnersisa10071 billion of capital across various credit strategies as of September 30, 2024 [3][4] - Triumvirate Environmental, founded in 1988, provides sustainable environmental solutions to over 4,000 customers across North America, focusing on life sciences, healthcare, education, and advanced manufacturing [5] - Berkshire Partners is a 100% employee-owned investment firm with a focus on private and public equity, currently investing from its Fund XI, which has approximately 7.8 billion in commitments [6] Financing Details - OHA served as Administrative Agent and Joint Lead Arranger for a private unitranche facility to support Berkshire Partners' acquisition of Triumvirate Environmental, which includes a unitranche term loan, delayed draw term loan, and revolver [1][2] - OHA's financing flexibility and structuring expertise, along with its relationship with Berkshire Partners, enabled a quick diligence process and a tailored financing solution for the acquisition [2][3] Strategic Insights - Triumvirate has established a niche competitive position within the environmental services industry, and OHA aims to support the company's growth trajectory through effective financing solutions [3]