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GE Capital Agents $310MM Facility in Vista’s Acquisition of NAVEX

December 04, 2014, 07:19 AM
Filed Under: Technology

GE Capital’s Telecom, Media and Technology (TMT) financing business announced that it served as administrative agent on a $310 million senior secured credit facility to support Vista Equity Partners’ acquisition of compliance and ethics software provider NAVEX Global. GE Capital Markets served as co-lead arranger and co-bookrunner on the facility.

NAVEX offers policy and case management software, internal reporting solutions, automated third-party risk management, online training and advisory services to help remediate key workplace compliance risks.

“NAVEX is a perfect example of increasing investor interest in business-to-business software and software enabled service providers who offer applications through subscription models,” noted Raj Seth, managing director and technology analyst with GE Capital’s TMT business. “NAVEX is well-positioned as regulatory and compliance-related issues become increasingly critical across many industry segments.”

“GE Capital has strong capabilities in the technology sector. We value our collaborative financing relationship with them and appreciate their hard work in leading this transaction for us,” said Kevin Sofield, head of capital markets at Vista Equity Partners.

“In today’s complex world, companies are increasingly moving to software technology to help them manage compliance risk,” said Matthew Fleming, managing director with GE Capital’s TMT business. “We’re pleased to provide financing in support of Vista, a value-adding investor in the technology space, and NAVEX as they continue to innovate and grow.”

NAVEX Global has more than 8,000 clients in 200+ countries, and its solutions are informed by the largest ethics and compliance community in the world.

Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with over $13.5 billion in cumulative capital commitments, currently invests in dynamic, successful software, data and technology-enabled organizations led by world-class management teams with long-term perspective.

Providing more than $5.5 billion in financing in 2013 across 59 transactions, GE Capital’s Telecom, Media and Technology (TMT) business is a leader in the middle market, providing financing solutions to enable corporate growth, acquisitions and balance sheet refinancings to companies in the following industries: Cable, towers, data centers, wireless, metro fiber, radio, TV, digital media, education services and software. It also finances technology companies that enable these industries.

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