M&A Deal Summary

Barings Acquires Sierra Income

On September 21, 2021, Barings acquired business services company Sierra Income for 624M USD

Acquisition Highlights
  • This is Barings’ 1st transaction in the Business Services sector.
  • This is Barings’ largest (disclosed) transaction.
  • This is Barings’ 1st transaction in the United States.
  • This is Barings’ 1st transaction in New York.

M&A Deal Summary
Date 2021-09-21
Target Sierra Income
Sector Business Services
Buyer(s) Barings
Deal Type Merger
Deal Value 624M USD
Advisor(s) Broadhaven Capital Partners LLC (Financial)
Sullivan & Worcester (Legal)

Target

Sierra Income

New York, New York, United States
website
Sierra Income is a non-traded business development company that invests primarily in first lien senior secured debt, second lien secured debt, and, to a lesser extent, subordinated debt of middle-market companies in a broad range of industries with annual revenue between $50 million and $1 billion. Sierra Income is based in New York City.

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Buyer(S) 1

Buyer

Barings

Charlotte, North Carolina, United States

website

Category Company
Sector Financial Services
Revenue 17M USD (2020)
DESCRIPTION

Barings is a business development company that primarily makes debt investments in middle-market companies. BBDC is managed by Barings, LLC, a premier global asset manager with over $382+ billion of AUM firm-wide. Barings is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal