OHA is Administrative Agent & Lead Left Arranger of Private Unitranche Financing Supporting Francisco Partners' Acquisition of Elite

Core Insights - Oak Hill Advisors ("OHA") acted as the Administrative Agent and Lead Left Arranger for a private unitranche financing to support Francisco Partners' acquisition of Elite, a leading provider of ERP software and integrated payment solutions for law firms globally [1] - OHA's previous experience as the sole lender for TPG's carve-out of Elite from Thomson Reuters in 2023 facilitated a decisive financing solution due to its familiarity with the company and expertise in ERP software investments [2] - Eric Muller from OHA highlighted Elite's strong performance and growth, emphasizing its market leadership and customer retention, and expressed excitement about the partnership with Francisco Partners and Elite's leadership for future expansion [3] Company Overview - Oak Hill Advisors is a global credit-focused alternative asset manager with over 30 years of investment experience, managing approximately $98 billion in capital across various credit strategies as of June 30, 2025 [4] - OHA employs over 400 professionals across six global offices, providing a collaborative platform to meet diverse credit needs and is the private markets platform of T. Rowe Price Group, Inc. [5] - Elite, founded in 1947, is an independent technology company that develops innovative digital financial solutions for law firms, positioning itself as a leader in the legal technology sector [6] Investment Firm Profile - Francisco Partners is a global investment firm specializing in technology and technology-enabled businesses, having invested in over 450 technology companies and raised more than $50 billion in capital since its inception [7]