HPS Investment Partners is leading the provision of an £800m ($1bn) private credit package for Ocorian, a Jersey-based investment management firm backed by private equity firm Inflexion, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as confirming that Apollo Global Management, Carlyle Group, and Goldman Sachs Asset Management are also participating in the financing deal, which aims to refinance Ocorian’s existing unitranche loan from Ares Management Corp.
Inflexion, which first invested in Ocorian in 2016, has helped the firm grow through 11 acquisitions to boost its earnings before interest, taxes, depreciation, and amortisation (EBITDA) to approximately £100m.
