Adams Street Leads Private Debt Deal for Military Gear Business

Adams Street Partners led a private credit financing of as much as $400 million to back the acquisition by two investment firms of aerospace and defense equipment business Beaufort.

The multi-currency facility ranged between $300 million and $400 million, according to a person familiar with the matter who asked not to be identified discussing private information.

Capitol Meridian Partners and Stellex Capital Management purchased Beaufort from Survitec — a provider of survival technology — in a carve-out deal that closed this week. Adams Street was joined on the debt financing by MidCap Financial and Hamilton Lane Inc., according to a ...