UBS Beats Direct Lenders to Provide Jaggaer’s Buyout Financing

UBS Group AG is leading a $1.15 billion financing package to support Vista Equity Partners’ acquisition of software company Jaggaer, beating out direct lenders who were also competing for the deal.

The funding is expected to consist of a $780 million first-lien term loan, a $220 million second-lien term loan and a $150 million revolving credit facility, according to a person familiar with the matter who asked not to be identified because the information is private. The deal should hit the market soon, the person added.

Representatives for UBS, Vista and Jaggaer did not immediately respond to a request ...