Greenwich, CT, April 25, 2023 -- Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as a lead arranger in the $630 million Senior Secured Credit Facility to support GI Partners’ $1.05 billion acquisition of Atlas Technical Consultants (“Atlas”), a leading provider of infrastructure and environmental solutions. With the completion of the transaction, Atlas stockholders will receive $12.25 per share in cash for each share of Atlas common stock they owned, which represents a premium of approximately 124 percent over Atlas’ unaffected closing share price of $5.47 on January 30, 2023.
About Atlas Technical Consultants
Atlas, headquartered in Austin, Texas, is a leading provider of infrastructure and environmental solutions, partnering with clients to improve performance and extend the lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. Atlas became a public company in February 2020 upon the merger with Boxwood Merger Corp., a publicly traded special purpose acquisition company. With 3,500+ employees nationwide, Atlas brings deep technical expertise to public-and private-sector clients, integrating services across four primary disciplines: Environmental (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Management/Construction Management, and Quality Management (PCQM).
About GI Partners
GI Partners, founded in 2001, is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $40 billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity firm invests primarily in companies in the healthcare, services, and software sectors.
About Silver Point Finance
Silver Point Finance, a subsidiary of Silver Point Capital, L.P., 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. (“Silver Point”) 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 March 2023, Silver Point Capital has 275 employees, including over 90 investment professionals, and $23 billion in investible assets.