Summit Lines Up More Than $500 Million of Debt for Syndigo M&A

Private equity firm Summit Partners has lined up debt financing from three banks to acquire a stake in product-information provider Syndigo in a deal that values the company at nearly $2 billion.

Jefferies Financial Group Inc., Deutsche Bank AG and UBS Group AG have agreed to underwrite between $500 million and $600 million of leveraged loans to fund the acquisition, according to people with knowledge of the matter, who asked not to be identified because the details are confidential.

The banks could start syndicating the debt to institutional investors over the coming weeks, though the riskiest portion of the ...