Private Credit Provides Debt for Bain’s PowerSchool Buyout
- The transaction values the company at about $5.6 billion
- Lenders include Ares, HPS, and more, who beat out banks
This article is for subscribers only.
A group of private credit lenders provided debt financing for Bain Capital’s $5.6 billion acquisition of PowerSchool Holdings Inc., beating out banks that had also competed to finance the deal.
Ares Management Corp., HPS Investment Partners, Blackstone Inc., Blue Owl Capital Inc., Sixth Street Partners, and Golub Capital provided the debt, according to a Friday news release.