OHA is a Joint Lead Arranger of the Private Unitranche Financing for HGGC’s Acquisition of Rimkus Consulting Group
02 Avril 2024 - 8:15PM
Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger for the
private financing supporting the acquisition of Rimkus Consulting
Group (“Rimkus”) by HGGC. Rimkus is a leading provider of
mission-critical engineering and technical consulting services to
clients worldwide. Rimkus’ team of experts delivers specialized
solutions to complex questions and problems, with a focus on
industry-leading client service. OHA was one of two lenders
providing the more than $400 million total financing facility,
consisting of a unitranche term loan, delayed draw term loan and
revolver.
“We are pleased to partner with HGGC and deliver
our decades-long experience lending to business services companies
to support this transaction,” said Eric Muller, Partner and
Portfolio Manager at OHA. “With its best-in-class technical
expertise and trusted client relationships, Rimkus has established
a strong reputation within the field of engineering consulting, and
we look forward to helping advance the company’s growth trajectory
alongside its equity partners.”
OHA’s knowledge of the forensic engineering
sector and deep expertise investing in the broader consulting
ecosystem positioned it to engage early with HGGC and facilitate a
successful acquisition.
“We are very excited to continue to strengthen
our longstanding partnership with OHA as part of our investment in
Rimkus,” said Colin Phinisey, Partner and Head of Capital Markets
at HGGC. “In addition to providing capital and a financing
structure that is tailored to support our investment thesis, OHA’s
experience in engineering consulting offers a differentiated
advantage as Rimkus seeks ongoing growth and value creation for all
stakeholders.”
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About OHA: Oak Hill Advisors (OHA) is a
leading global credit-focused alternative asset manager with over
30 years of investment experience. OHA works with institutions and
individuals and seeks to deliver a consistent track record of
attractive risk-adjusted returns. The firm manages approximately
$63 billion of capital across credit strategies, including private
credit, high yield bonds, leveraged loans, stressed and distressed
debt and collateralized loan obligations as of December 31, 2023.
OHA’s emphasis on long-term partnerships with companies, sponsors
and other partners provides access to a proprietary opportunity
set, allowing for customized credit solutions across market
cycles.
With over 400 experienced professionals across
six global offices, OHA brings a collaborative approach to offering
investors a single platform to meet their diverse credit needs. OHA
is the private markets platform of T. Rowe Price Group, Inc.
(NASDAQ – GS: TROW). For more information, please visit
oakhilladvisors.com.
About Rimkus: Rimkus is a worldwide
provider of engineering and technical consulting to corporations,
insurance companies, law firms, and government agencies. Rimkus
experts specialize in forensic consulting, dispute resolution and
construction management services, solutions for the built
environment, and human factors support for the consumer,
industrial, and healthcare industries. For more than 40 years, the
company’s professional engineers, architects, scientists, and
technical specialists have been recognized for their commitment to
service excellence by local, national, and international business
communities. Rimkus operates more than 110 offices worldwide. For
more information, visit http://www.rimkus.com.
About HGGC: HGGC is a values-driven,
partnership-focused private investment firm. The firm’s ecosystem
of investors, operators, and professionals are united by the shared
mission to develop leading enterprises and build long term value
together. HGGC invests in technology, business services, financial
services and consumer enterprises generally valued between $200M -
$1.5B+. The firm is based in Palo Alto, CA and manages over $6.9
billion in cumulative capital commitments. Since its inception in
2007, HGGC has completed more than 600 platform investments, add-on
acquisitions, recapitalizations, and liquidity events with an
aggregate transaction value of over $71 billion. More information,
including a complete list of current and former investments, is
available at www.hggc.com.
Natalie Harvard, Head of Investor Relations & Partner
Oak Hill Advisors, L.P.
212-326-1505
nharvard@oakhilladvisors.com
Kristin Celestino, Public Relations
Oak Hill Advisors, L.P.
817-215-2934
kcelestino@oakhilladvisors.com
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