Harvest Partners went with Owl Rock Capital, Crescent Capital and Antares Capital last month for $945 million in unitranche financing in connection with the private equity firm’s minority growth investment in Integrity Marketing Group, a national life and health insurance broker.
Owl Rock acted as administrative agent, with Crescent Capital and Antares acting as joint lead arrangers. Owl Rock and Crescent split the financing, with Harvest Partners bringing in Antares and about five other lenders, according to sources. Pricing is L+575, they said.
Harvest Partners Structured Capital, a unit of the PE firm that provides senior equity, provided additional financing.
Harvest Partners announced the transaction on Aug. 28. Existing investor HGGC and management continue to collectively control the Dallas-based business, which has 215,000 agents across the U.S. and over $2 billion in annualized premiums. —Kelly Thompson
Mark O’Brien: firstname.lastname@example.org; 617-963-4556
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