Shamrock Capital Taps Private Credit for Penta Group Acquisition

Churchill Asset Management led a roughly $190 million private credit deal to support Shamrock Capital Advisors’s purchase of communications and corporate strategy firm Penta Group, according to people with knowledge of the matter.

PennantPark Investment Corp. also participated in the deal, said the people, who asked not to be identified discussing private information.

The financing consists of a $140 million term loan, a $10 million revolver and a $40 million delayed draw term loan, the people said.

Representatives for Churchill, Shamrock Capital and Penta Group declined to comment. Representatives for PennantPark didn’t immediately respond to requests for comment. ...