Oak Hill Advisors (OHA), the private markets platform of T. Rowe Price Group, Inc., served as Administrative Agent and Lead Left Arranger for a private unitranche financing on September 30, 2025. This financing supported Francisco Partners' acquisition of Elite, a leading provider of mission-critical enterprise resource planning (ERP) software for law firms globally.
OHA is the largest holder of the newly raised debt facility, building on its previous role as the sole lender for TPG's carve-out of Elite from Thomson Reuters in 2023. OHA's deep familiarity with the company and extensive experience in ERP software companies enabled a decisive and scaled financing solution.
This transaction further solidifies OHA's position as a prominent private credit provider, leveraging its sector-specific expertise to facilitate significant acquisitions. OHA's continued growth in this area is a key component of T. Rowe Price's strategic diversification into alternative investments.
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