Leveraged loan funds saw inflows in the week ending March 9 after 32 consecutive weeks of outflows. However, the amount of inflows was small at $55.0 million last week.
Solera connects insurers and auto service providers. Its software is used by auto insurance companies, auto dealers, collision repair facilities, assessors, auto recyclers, and various other entities.
Press reports indicated that Solera had approached private equity two big private equity firms as potential buyers. But it didn’t confirm or deny this.
None of the firms in the consortium buying Solera owns a competitor. Private equity firms take over a firm because they want to wring efficiencies from it.
The Solera merger is a cash private equity transaction. The buyer is a consortium made up of Vista Equity Partners, Koch Industries, and Goldman Sachs.
The Solera merger is a private equity deal—often a riskier transaction than a strategic deal, wherein firms often have synergies and competitive advantages.
Junk bond issuers returned to the primary market in the week ended July 17 as the situation in Greece stabilized, but remained cautious due to market volatility.
