Barings, one of the world’s leading asset management firms, announced today that it has served as the lead agent on a senior secured credit facility to support Greenbriar Equity Group, L.P. in its acquisition of BDP International, a lead logistics provider (LLP) of international ocean, air, and ground transportation services. Financial terms were not disclosed.
Founded in 1966, BDP International is highly-regarded for its specialized knowledge and industry expertise, collaborative customer relationships, and best-in-class logistics solutions in the chemical and life sciences industries, as well as other industry verticals. Today, the company processes 2.4 million moves per year with over 5,000 employees in 148 offices worldwide.
“The chemicals industry is one of the most challenging industries for logistics providers due to the complexity of requirements, significant regulations, and intricacies related to handling hazardous and sensitive materials,” said Brian C. Baldwin, Managing Director of Barings Global Private Finance. “With over 50 years of experience, BDP is the clear market leader in the international chemicals 3PL market and we are proud to support Greenbriar in their acquisition.”
“Our strong relationship with Barings, along with their extensive experience in the logistics industry, made for seamless execution of the acquisition of BDP,” said Michael Wang, Principal at Greenbriar Equity Group, L.P.
Barings Global Private Finance, part of Barings LLC, is a 70+ investment team located in seven offices on four continents. GPF has a 40-year track record of successfully financing middle-market buyouts, acquisitions, and recapitalizations.
With product capabilities that range from traditional senior debt to bespoke junior capital securities, and hold sizes of $200 million+, Barings is focused on providing capital solutions that help our private equity clients complete their deal on time and as expected. Our long-term commitment to the asset class, local origination in each region, consistent team, and broad range of investment capabilities, are designed to provide investors an absolute spread premium to broadly syndicated loans as well as an attractive risk-adjusted return potential.
About Barings
Barings is a $310+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, Barings maintains a strong global presence with over 1,900 professionals and offices in 16 countries. Learn more at www.barings.com.
*As of September 30, 2018
About Greenbriar Equity Group, L.P.
Founded in 1999, Greenbriar Equity Group, L.P. is a private equity firm with over $3.5 billion of committed capital focused on investing in market-leading services and manufacturing businesses in partnership with proven management teams. Greenbriar looks to identify companies capitalizing on strong long-term growth prospects that can benefit from Greenbriar’s industry knowledge, operating capabilities, network of senior executive relationships, strategic insight and access to capital. Sectors of particular focus include logistics, aerospace and defense, industrial and business services, transportation, and specialty manufacturing. Additional information may be found at www.greenbriarequity.com.
