Adams Street Leads Private Debt Deal for Military Gear Business
A US Marine Corps major dresses in a flight suit and helmet worn to fly the F-35B Lightning II aircraft in Beaufort, South Carolina. Defense equipment business Beaufort provides pilot flight gear to the US Department of Defense and other militaries.
Photographer: Jeff J Mitchell/Getty ImagesAdams Street Partners led a private credit financing of as much as $400 million to back the acquisition by two investment firms of aerospace and defense equipment business Beaufort.
The multi-currency facility ranged between $300 million and $400 million, according to a person familiar with the matter who asked not to be identified discussing private information.