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Silver Point Finance Acts as Sole Lead Arranger to Support Symphony Technology Group’s Acquisition of Momentive Global (Nasdaq: MNTV)
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Greenwich, CT, March 16, 2023 -- Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as Sole Lead Arranger on a $450 million Senior Secured Term Loan to support the take-private of Momentive Global (“Momentive” or the “Company”). Momentive is a leading provider of user research technology tools, predominantly through the Company’s core survey platform. Momentive entered into a definitive agreement to be acquired by a consortium led by Symphony Technology Group (“STG”) in an all-cash transaction that values Momentive at approximately $1.5 billion
About Momentive Momentive (NASDAQ: MNTV), maker of SurveyMonkey, empowers people with the insights they need to make business decisions with speed and confidence. The Company’s fast, intuitive experience and insights management solutions connect millions of users at more than 330,000 organizations worldwide with AI-powered technology and up-to-the-minute insights, so they can shape what’s next for their products, industries, customers, employees, and the market. Ultimately, Momentive’s vision is to raise the bar for human experiences by amplifying individual voices. Learn more at momentive.ai About Symphony Technology Group (STG)
STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 50 global companies. For more information, please visit www.stgpartners.com About Silver Point Finance
Silver Point Finance, a subsidiary of Silver Point Capital, L.P. (“Silver Point”), is the firm’s dedicated financing business, providing customized financing solutions to middle-market companies across a broad range of industries. Silver Point Finance provides capital for acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Since 2003, Silver Point Finance has deployed over $19 billion in primary originations across 385+ transactions. Silver Point Finance now manages ~$11 billion in investible capital to deploy into its direct lending strategy. For more information on Silver Point Finance, please visit www.silverpointfinance.com About Silver Point Capital Silver Point Capital, L.P. is a registered investment adviser that focuses on global credit investing. Founded in 2002 by Edward A. Mulé and Robert J. O’Shea, Silver Point was designed and built to have the deep resources, expertise and capital needed to invest in the global credit markets. Silver Point’s business model seeks to capture synergies across its platform, build comparative advantages in every area of the Firm, hire and train exceptional people, and establish a culture of teamwork. As of January 2023, Silver Point Capital has over 270 employees, including approximately 90 investment professionals, and over $22 billion in investible assets |