OHA manages approximately $63 billion of capital across credit strategies in pooled funds, collateralized loan obligations and single investor mandates as of September 30, 2023. BMO served as Left Lead Arranger for this transaction.Ībout OHA: OHA is a leading global alternative investment firm specializing in private lending, distressed credit, structured credit, real assets, special situations, leveraged loans and high yield bonds. The combination of BMO's broad investment banking platform and OHA's private credit expertise has delivered enhanced deal flow and financing flexibility while adding value for borrowers and private equity sponsors. OHA sourced this transaction through its strategic direct lending partnership with BMO Capital Markets ("BMO"), which includes over $1 billion to invest in jointly originated senior secured private credit assets. "We look forward to scaling our platform and bringing the company into its next phase of growth alongside a trusted partner like OHA." "OHA has been following Mammoth for nearly two years with best-in-class industry knowledge, making them a logical choice to support this transaction," said Dave Hoffmann, Chairman and CEO of Mammoth. "We are pleased to harness our specialized knowledge and financing capabilities to support the continued growth and development opportunities for Mammoth and its equity providers." "We have cultivated deep expertise in the automotive services ecosystem, including the car wash sector, as an active lender in the space across OHA's public and private credit businesses," said Eric Muller, Portfolio Manager and Partner at OHA. OHA provided the majority of the private financing solution totaling over $500 million in size, including a unitranche term loan, delayed draw term loan and revolving credit facility. ![]() Mammoth is one of the largest car wash operating platforms in the United States and maintains a multi-brand portfolio with over one hundred locations across the country. ![]() 15, 2023 /PRNewswire/ - Oak Hill Advisors ("OHA") served as a Lead Arranger for the refinancing of Mammoth Holdings ("Mammoth"), a portfolio company backed by Red Dog Equity, The Pritzker Organization ("TPO"), and CCMP Growth Advisors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |