William Blair served as a placement agent to Buyers Edge Platform, a portfolio company of Bregal Sagemount, in connection with its $425 million preferred equity investment led by General Atlantic Credit’s (GA Credit) Atlantic Park fund, alongside funds managed by Blackstone Tactical Opportunities (Blackstone) and investment funds managed by Morgan Stanley Tactical Value (MS Tactical Value). The transaction closed on April 8, 2024.
About the Companies
Buyers Edge Platform stands at the forefront of revolutionizing the foodservice industry through technology, purchasing power and partnerships. The firm is dedicated to empowering stakeholders across the entire foodservice ecosystem (operators, distributors, manufacturers) with efficiency and unprecedented visibility. With a diverse portfolio of over a dozen brands, Buyers Edge Platform’s mission is clear: to reduce costs, streamline the foodservice supply chain, and propel the industry from manual to automated. Today, Buyers Edge Platform is one of the largest players in foodservice, with over 200 thousand operator locations across North America and over $60 billion of aggregated spend volume.
Bregal Sagemount is a leading growth-focused private capital firm with more than $7 billion of cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 70 companies in a variety of sectors, including software, information / data services, financial technology and financial services, digital infrastructure, healthcare IT, and business and consumer services. The firm has offices in New York, Palo Alto, and Dallas.
GA Credit is the dedicated credit investment platform within General Atlantic, a leading global growth equity firm. The company leverages a demonstrated track record of strategic credit partnerships across market cycles and capital structures alongside General Atlantic’s more than 40 years of domain expertise and company-building capabilities. GA Credit’s Atlantic Park strategy provides flexible capital to high-quality companies seeking a strategic partner at various stages of the corporate and economic lifecycle. This partnership approach enables Atlantic Park to create customized capital solutions tailored to a company’s specific capital needs.
Blackstone is the world’s largest alternative asset manager. The firm seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which it invests. Blackstone’s more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds.
MS Tactical Value is the flexible, non-control private equity and credit investment platform within Morgan Stanley Investment Management. With a broad mandate to invest across asset classes, sectors and geographies, MS Tactical Value is able to tailor bespoke solutions for companies to meet their unique strategic and financial objectives. The team's expertise, including deep structuring experience, is complemented by Morgan Stanley's extensive network and global capabilities to drive differentiated capital solutions for companies, founders, sponsors, and stakeholders.
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