OHA is Administrative Agent & Lead Left Arranger of Private Unitranche Financing Supporting Carlyle’s Acquisition of Worldpac
Oak Hill Advisors (OHA) has played a pivotal role in Carlyle's acquisition of Worldpac, serving as the Administrative Agent and Lead Left Arranger of a private unitranche financing facility. Worldpac, previously a subsidiary of Advance Auto Parts, is a national distributor of automotive parts to independent service professionals. OHA provided the entire unitranche financing, while its partner BMO Capital Markets managed the asset-based lending facility.
OHA's expertise in the automotive aftermarket industry enabled it to offer valuable input and structure a tailored financing solution. Eric Muller, Partner at OHA, expressed enthusiasm about extending their partnership with Carlyle and supporting Worldpac's future growth in its recession-resistant and expanding market.
Oak Hill Advisors (OHA) ha svolto un ruolo fondamentale nell'acquisizione di Worldpac da parte di Carlyle, fungendo da Agente Amministrativo e Principale Organizzatore di una struttura di finanziamento unitranche privata. Worldpac, precedentemente una consociata di Advance Auto Parts, è un distributore nazionale di pezzi di ricambio automobilistici per professionisti del settore indipendenti. OHA ha fornito l'intero finanziamento unitranche, mentre il suo partner BMO Capital Markets ha gestito la struttura di prestiti basati su asset.
La competenza di OHA nel settore del post-vendita automobilistico ha consentito di offrire un prezioso contributo e di strutturare una soluzione di finanziamento su misura. Eric Muller, Partner di OHA, ha espresso entusiasmo per l'estensione della loro partnership con Carlyle e per il supporto alla futura crescita di Worldpac nel suo mercato resistente alla recessione e in espansione.
Oak Hill Advisors (OHA) ha tenido un papel fundamental en la adquisición de Worldpac por parte de Carlyle, actuando como Agente Administrativo y Principal Organizador de una instalación de financiamiento unitranche privada. Worldpac, anteriormente una subsidiaria de Advance Auto Parts, es un distribuidor nacional de piezas de automóviles para profesionales de servicio independientes. OHA proporcionó todo el financiamiento unitranche, mientras que su socio BMO Capital Markets manejó la línea de crédito basada en activos.
La experiencia de OHA en la industria de repuestos automotrices le permitió ofrecer aportes valiosos y estructurar una solución de financiamiento a medida. Eric Muller, socio de OHA, expresó su entusiasmo por extender su asociación con Carlyle y apoyar el futuro crecimiento de Worldpac en su mercado resistente a la recesión y en expansión.
Oak Hill Advisors (OHA)는 Carlyle의 Worldpac 인수에서 중요한 역할을 했으며, 행정 에이전트 및 주요 주관사로서의 책임을 맡았습니다. Worldpac은 이전에 Advance Auto Parts의 자회사로, 독립 서비스 전문가에게 자동차 부품을 공급하는 전국 유통업체입니다. OHA는 전체 유니트란치 자금을 제공했으며, 파트너인 BMO Capital Markets는 자산 기반 대출 시설을 관리했습니다.
OHA는 자동차 애프터마켓 산업에 대한 전문성이 있어 소중한 의견을 제공하고 맞춤형 자금 조달 솔루션을 구조화할 수 있었습니다. OHA의 파트너인 Eric Muller는 Carlyle과의 파트너십을 연장하고 Worldpac의 미래 성장을 지원할 수 있게 되어 기쁘다고 밝혔습니다. 이는 불황에 강하고 성장하는 시장입니다.
Oak Hill Advisors (OHA) a joué un rôle essentiel dans l'acquisition de Worldpac par Carlyle, agissant en tant que Agent Administratif et Organisateur Principal d'un financement unitranche privé. Worldpac, anciennement une filiale d'Advance Auto Parts, est un distributeur national de pièces automobiles pour des professionnels de service indépendants. OHA a fourni l'intégralité du financement unitranche, tandis que son partenaire BMO Capital Markets a géré la facilité de prêt à base d'actifs.
L'expertise d'OHA dans l'industrie de l'après-vente automobile lui a permis d'offrir des conseils précieux et de structurer une solution de financement sur mesure. Eric Muller, partenaire chez OHA, a exprimé son enthousiasme à l'idée d'élargir leur partenariat avec Carlyle et de soutenir la croissance future de Worldpac sur son marché résistant à la récession et en expansion.
Oak Hill Advisors (OHA) hat eine zentrale Rolle beim Erwerb von Worldpac durch Carlyle gespielt und fungierte als Verwaltungsagent und Hauptanbieter einer privaten Unitranche-Finanzierung. Worldpac, zuvor eine Tochtergesellschaft von Advance Auto Parts, ist ein nationale Verteiler von Fahrzeugteilen für unabhängige Serviceprofis. OHA stellte die gesamte Unitranche-Finanzierung zur Verfügung, während der Partner BMO Capital Markets die asset-basierte Kreditvergabe verwaltete.
Die Expertise von OHA in der automobilen Aftermarket-Industrie ermöglichte es, wertvolle Beiträge zu leisten und eine maßgeschneiderte Finanzierungslösung zu strukturieren. Eric Muller, Partner bei OHA, äußerte Enthusiasmus über die Erweiterung ihrer Partnerschaft mit Carlyle und die Unterstützung des zukünftigen Wachstums von Worldpac auf dem rezessionsresistenten und wachsenden Markt.
- OHA provided the entire unitranche financing facility for Carlyle's acquisition of Worldpac
- Worldpac operates in a recession-resistant and growing end market
- Worldpac maintains strong competitive positioning and a diversified business model
- OHA's expertise in the automotive aftermarket industry enabled a tailored financing solution
- None.
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.
“We are pleased to extend our long-standing partnership with Carlyle by lending in scale to support this transaction,” said Eric Muller, Partner and Portfolio Manager at OHA. “Operating in a recession-resistant and growing end market, Worldpac has maintained strong competitive positioning and a diversified business model, and we look forward to the future growth that we believe the company is well-positioned to achieve.”
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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
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 Worldpac: Worldpac is a leading North American distributor of aftermarket automotive parts. The Company offers a wide assortment of products covering 40+ import and domestic carlines and operates through an extensive network of branch and distribution center locations across the U.S. and Canada. Worldpac was founded in 1995 and acquired by Advance Auto Parts in 2013 as a part of the acquisition of General Parts International. The Company reported
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