Warburg Pincus Taps Barings, CPPIB for Loan to Fund Acclime Deal

Warburg Pincus has secured commitments for a $400 million facility to support its investment in corporate services provider Acclime Holdings, according to people familiar with the matter.

Barings LLC, Canada Pension Plan Investment Board, Partners Group and Deutsche Bank AG will fund the six-year loan, which will close alongside the acquisition, the people said, who asked not to be identified discussing private matters. Jefferies Financial Group is advising both the takeover and financing, which is structured as a unitranche, they added.

Warburg Pincus, Barings, CPPIB, Partners Group, Deutsche Bank and Jefferies declined to comment.

The transaction underscores ...