The Carlyle Group provided the debt financing to back Blue Point Capital’s buyout of Cleveland-based Transtar Holding Company, a provider of transmission and driveline-related solutions. No financial terms were disclosed. Carlyle’s middle market lending strategy, Carlyle Direct Lending, acted as administrative agent, sole lead arranger and sole bookrunner on the financing.
NEW YORK – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that its Global Credit platform led and structured the debt financing package to support Blue Point Capital Partners’ acquisition of Cleveland-based Transtar Holding Company, a global leader in transmission and driveline-related solutions.
Carlyle’s middle market lending strategy, Carlyle Direct Lending, acted as administrative agent, sole lead arranger and sole bookrunner on the financing. Carlyle’s direct lending team is an active provider of private credit solutions across the capital structure, including senior secured loans, unitranche loans and junior debt.
Jonathan Pearl, Managing Director of Direct Lending within Carlyle’s Global Credit platform, said, “We are pleased to support Blue Point’s investment in Transtar. Blue Point is uniquely positioned to further Transtar’s growth given its digital and data capabilities and deep distribution sector experience.”
Transtar is a global leader in the value-added distribution of original equipment and aftermarket automotive products for the transmission and driveline repair market. The Company has distributed thousands of high-quality branded and propriety parts to transmission repair shops and other automotive channels around the globe since 1975. For more information, please visit the Company’s website www.transtarholding.com.
Financial terms of the transaction were not disclosed.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 30 offices across six continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
About Blue Point Capital Partners
Blue Point Capital Partners is a private equity firm managing over $1.5 billion in committed capital. With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors, while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve dramatic growth. The Firm focuses on opportunities where it can leverage its collective experience, extensive network of operating resources and unique toolkit, which includes supply chain / Asian capabilities, data and digital strategies, human capital strategy and focused add-on acquisition efforts. Blue Point typically invests in businesses that generate between $25 million and $300 million in revenue. Further information is available at www.bluepointcapital.com.