Silver Point Provides Financing for KKR’s Acquisition of S&P Global’s Engineering Solutions Business
Greenwich, CT, May 8, 2023 -- Silver Point Finance, a subsidiary of Silver Point Capital, L.P., provided Senior Secured financing to support KKR’s $975 million acquisition of S&P Global’s (NYSE: SPGI) Engineering Solutions business. Engineering Solutions provides data, technology, and insights that allow over 6,000 global customers and 650,000 users to optimize workflows and end-user experiences. Its products enable engineers, builders, and architects in many industries to access the data and insights they need to deliver complex projects and new products. Goldman Sachs & Co. LLC served as financial advisor to S&P Global.
About S&P Global
S&P Global provides essential intelligence by enabling governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping customers assess new investments to guiding them through ESG and energy transition across supply chains, S&P Global unlocks new opportunities, solve challenges and accelerate progress for the world.
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com
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.