GE Capital’s telecom, media and technology (TMT) financing business served as administrative agent on USD69 million of senior secured credit facilities to support the acquisition of AGDATA by Vista Equity Partners.
GE Capital Markets served as sole lead arranger and bookrunner on the facilities.
“GE Capital provided us with a flexible financing structure and strong capital commitment on this transaction. We look forward to our continued financing relationship,” says Kevin Sofield, head of capital markets at Vista Equity Partners.
Headquartered in Charlotte, North Carolina, AGDATA provides data analytics and business intelligence solutions to seed manufacturers, distributors, retailers and farmers in the agriculture industry.
“We’re excited to support Vista and the AGDATA team as they continue to develop data solutions for the agriculture industry,” says Matthew Fleming, managing director with GE Capital’s TMT business.
