Blackstone Leads €1.35 Billion in Private Loans for Aareon Deal

Blackstone Inc. is leading a €1.35 billion ($1.45 billion) private debt financing to support the buyout of property-management software maker Aareon AG by TPG Inc. and Canadian public pension fund CDPQ, according to people familiar with the matter.

The transaction will include a €1.1 billion funded term loan and a €250 million delayed draw term loan, the people said, asking not to be named discussing a private situation. An additional €150 million revolving credit facility is likely to be provided by banks, the people also said.

Other participating lenders include KKR & Co. and Goldman Sachs Asset Management, ...