Intelligrated plans new credit facility for buyout by Permira

By Sara Rosenberg

New York, June 14 - Intelligrated expects to get a new credit facility to help fund its acquisition by Permira from Gryphon Investors, according to a market source.

RBC Capital Markets LLC and Morgan Stanley Senior Funding Inc. are the lead banks on the deal.

Under the agreement, Permira is buying the company in a transaction valued at more than $500 million.

Closing is expected in the third quarter, subject to regulatory approvals and customary conditions.

Intelligrated is a Mason, Ohio-based provider of automated material handling services and products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.