Oak Hill Advisors served as a Lead Arranger for the unitranche financing to fund Bain Capital Private Equity's ("Bain Capital") acquisition of Harrington Industrial Plastics ("Harrington") from Nautic Partners. Harrington is a leading specialty distributor of industrial flow control process solutions and serves vendors in a wide variety of end markets, including water and wastewater management, chemicals, manufacturing, life sciences and food and beverage processing.

OHA sourced this transaction through its strategic direct lending partnership with BMO Capital Markets ("BMO"), which includes over $1 billion to invest in jointly originated senior secured private credit assets. The combination of BMO's broad investment banking platform and OHA's private credit expertise has delivered enhanced deal flow and financing flexibility while adding value for borrowers and private equity sponsors.

"We are pleased to partner with Bain Capital and BMO to support the continued success of Harrington as a leader in the specialty distribution industry and advance its ability to deliver mission-critical offerings to its diverse customer base," said Eric Muller, Portfolio Manager and Partner at OHA.

Source: prnewswire.com