Houlihan Lokey advised 7RIDGE on the creation of an $835 million single-asset continuation vehicle for Trading Technologies, the largest known GP-led transaction run by an independent sponsor. The firm simultaneously placed a $450 million senior secured credit facility to support the previously announced co-control recapitalization by Thoma Bravo. Michael Pilson, a Managing Director in Houlihan Lokey’s Capital Solutions Group, recently spoke with Secondaries Investor about the transaction and the broader growth of independent sponsor activity.
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