The Carlyle Group Serves as Administrative Agent and Joint Lead Arranger on Senior Secured Credit Facilities to Support Abry Partners’ Acquisition of Portfolio Holding Inc.
NEW YORK – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it served as administrative agent and joint lead arranger for senior secured credit facilities to support private equity firm Abry Partners’ acquisition of Portfolio Holding Inc. Carlyle’s middle market lending platform, Carlyle Direct Lending, anchored the financing and will agent the debt facilities.
Carlyle Direct Lending is part of The Carlyle Group’s Global Credit platform. As Carlyle’s exclusive middle market lending platform, Carlyle Direct Lending is focused on making investments across the capital structure, primarily in private equity sponsor-backed companies, including senior secured loans, unitranche loans and junior debt. The team is comprised of more than 30 dedicated investment professionals in New York, Los Angeles, Chicago and Boston.
Inoki Suarez, Managing Director at The Carlyle Group, said, “We are pleased to lead this financing in support of Abry’s acquisition of Portfolio Holding. We value our long-standing relationship with Abry and appreciate their continued trust and support in our team. As a key financing partner, we look forward to continuing to support them as they seek to grow Portfolio Holding.”
With headquarters in Lake Forest, CA, Portfolio Holding Inc. is a provider of finance and insurance products and services to automotive dealers throughout the country, including vehicle service contracts, GAP insurance and ancillary products.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of September 30, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 33 offices across six continents.
Global Credit is a global, multi-product, markets-focused investment platform with approximately $48 billion of assets under management. More than 125 investment professionals manage 63 active funds that seek to provide investors an edge in pursuing opportunities to create value across various types of credit, public equities and alternative instruments.