Barings Backs Montagu Private Equity’s Acquisition of Jane’s
Dec 17, 2019
Barings, one of the world’s leading financial services firms, today announced that it has served as mandated lead arranger and sole provider of a senior secured credit facility to support Montagu Private Equity (“Montagu”) in its acquisition of Jane’s (“the Company”) from IHS Markit. Jane’s is a leading global provider of open source information to the aerospace, defence and security industries. Financial terms were not disclosed.
“With its century old heritage, Jane’s is the global reference source for open-source defence related information and data” said Joseph Buckley, Director in Barings’ Global Private Finance group. “We are delighted to support Montagu’s investment in Jane’s, further strengthening our two firms’ long-term relationship.”
Jane’s is a respected, trusted partner of the world’s top governments and national security agencies, as well as the largest aerospace and defence businesses. Providing insights that are underpinned by a team of global analysts, covering areas ranging from information on military capabilities and budgets, to national threat intelligence and defence markets forecasts. The Company was established in 1898 and has built its reputation through 120 years of service, delivering critical intelligence to its customers across the world.
Barings Global Private Finance, part of Barings LLC, is a 70+ investment team located in seven offices on four continents. GPF has a 40-year track record of successfully financing middle-market buyouts, acquisitions, and recapitalizations. With product capabilities that range from traditional senior debt to bespoke junior capital securities, and hold sizes of $250 million+, Barings is focused on providing capital solutions that help our private equity clients complete their deal on time and as expected. Our long-term commitment to the asset class, local origination in each region, consistent team, and broad range of investment capabilities, are designed to provide investors an absolute spread premium to broadly syndicated loans as well as an attractive risk-adjusted return potential.
Barings is a $335+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
*As of September 30, 2019
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