Infor Global Solutions, one of the largest global providers of enterprise software and a portfolio company of Golden Gate Capital, completed three acquisitions on July 28, 2006. In addition to closing its acquisition of SSA Global, Infor acquired Extensity, a leading financial performance management software company, and Systems Union Group, a UK-based provider of financial and performance management solutions.
The two-stage transaction was financed through a combination of cash and debt financing. The aggregate credit facilities consisted of a US$150 million revolving credit facility, a US$2.25 billion term loan facility and a US$1.425 billion senior subordinated bridge facility.
J.P. Morgan Securities, Credit Suisse Securities (USA) LLC, Merrill Lynch Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint bookrunners and co-lead arrangers for both stages of the transaction. Goldman Sachs Credit Partners L.P., Wells Fargo Foothill, General Electric Capital Corporation and Barclays Bank PLC acted as co-documentation agents for the first-stage senior secured credit facilities and the second-stage senior credit facilities. Goldman Sachs Credit Partners L.P., General Electric Capital Corporation and Barclays Bank PLC acted as co-documentation agents for both the first- and second-stage senior subordinated bridge credit facilities.
Kirkland & Ellis LLP acted as legal advisor to Infor and Golden Gate Capital, with a team that included Bruce Steinert, David Milligan, Yongjin Im, Patricia Costello, Amy Peters, Helen Griffiths, Marisa Murillo and Leah Palmer. Cravath, Swaine & Moore acted for the lenders with a team that included Amon Nunns.
In Canada, Borden Ladner Gervais LLP acted for Infor and Golden Gate Capital, with a team that included Howard Silverman, Will Wallace and Monique Higham. McMillan Binch Mendelsohn LLP acted for the lenders in Canada, with a team that included Bill Woloshyn and Manju Jessa. Hayley Clarke of McInnes Cooper acted for Infor and Golden Gate Capital regarding Nova Scotia matters.