OHA is Lead Left Arranger of Private Unitranche Financing Supporting Acquisition of Farsound by Onex
23 Oktober 2024 - 9:00AM
UK Regulatory
OHA is Lead Left Arranger of Private Unitranche Financing
Supporting Acquisition of Farsound by Onex
London, United Kingdom, Oct. 23, 2024 (GLOBE
NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Lead Left Arranger
for a private unitranche facility supporting the acquisition of
Farsound Aviation Limited (“Farsound”) by private equity sponsor
Onex. Farsound is a leading global supply chain solutions provider
for the aerospace engine maintenance, repair and overhaul (“MRO”)
market. OHA’s extensive knowledge of the aerospace sector and
experience from previous investments in the industry enabled it to
play a key role in this LBO financing solution.
“With its best-in-class management team and
unique business model, supported by Onex’ extensive experience and
strategic presence in the industry, we believe Farsound is
well-positioned to continue its strong growth trajectory,” said
Alexis Atteslis, Co-Head of Europe and Partner at OHA. “With this
financing, we continue to grow our European private credit
business, leading transactions and providing flexible, tailored
capital solutions.”
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About OHA: Oak Hill Advisors (OHA) is a
leading global credit-focused alternative asset manager with over
30 years of investment experience. OHA works with institutions and
individuals and seeks to deliver a consistent track record of
attractive risk-adjusted returns. The firm manages approximately
$65 billion of capital across credit strategies, including private
credit, high yield bonds, leveraged loans, stressed and distressed
debt and collateralized loan obligations as of June 30, 2024. OHA’s
emphasis on long-term partnerships with companies, sponsors and
other partners provides access to a proprietary opportunity set,
allowing for customized credit solutions across market cycles.
With over 400 experienced professionals across
six global offices, OHA brings a collaborative approach to offering
investors a single platform to meet their diverse credit needs. OHA
is the private markets platform of T. Rowe Price Group, Inc.
(NASDAQ – GS: TROW). For more information, please visit
oakhilladvisors.com.
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