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Databricks was valued at $62 billion in a recent funding round. Here's why the company isn't in a hurry to have their IPO.

New York, New York, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for the private unitranche facility supporting FloWorks, a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”). FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications. OHA is the largest holder across the new financing facility, which will be used to refinance the company’s existing debt and support future acquisitions.

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T. Rowe Price (TROW) is one of the largest publicly traded asset managers in the U.S. and has been managing assets since 1937.

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London, United Kingdom, Oct. 22, 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.

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New York, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as lead lender and Lead Left Arranger of a comprehensive debt refinancing solution for Alkegen, a global specialty materials platform providing high performance materials used in advanced applications. OHA is the largest lender across the new senior facility, which consists of new $1,925 million first lien term loan and notes facilities and a new $200 million first-out revolving credit facility. Proceeds will be used primarily to refinance in full Alkegen’s existing first lien term loans, pay down outstanding borrowings under its revolver, extend maturities and provide liquidity runway for the company to execute on its growth and operational plans. In addition, a majority of existing holders of Alkegen’s secured and unsecured notes due 2028 and 2029 exchanged their notes for new second lien notes due 2029. Alkegen is separately commencing an offer to exchange all of the remaining secured and unsecured notes for new second lien notes.

With a well-respected brand and a strong market share, TROW is well-positioned as an asset manager. It consistently produces net client inflows based on the relative performance of its funds.

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New York, New York, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger of a private unitranche facility to support Carlyle’s acquisition of Worldpac, Inc. (“Worldpac”), a formerly fully owned subsidiary of Advance Auto Parts, Inc. Worldpac is a national distributor of original equipment and quality aftermarket replacement automotive parts, primarily to independent service professionals. OHA provided the entire unitranche financing facility, while its private credit joint venture partner BMO Capital Markets served as Administrative Agent on the company’s asset-based lending (“ABL”) facility.  OHA’s comprehensive understanding of the automotive aftermarket industry positioned it to provide constructive feedback to the sponsor and lead and structure this tailored financing solution.