Deal Details

ARCA Recapitalizes

Technology & Services

ARCA, including shareholders Onex Falcon and Prudential, recapitalization

Summary

ARCA Holdings, LLC (“ARCA” or the “Company”), along with its shareholders including Onex Falcon Investment Advisors, LLC (“Onex Falcon”) and Prudential Private Capital (“Prudential”), recently completed a recapitalization through a senior secured credit facility to refinance existing debt.

Baird served as the exclusive debt advisor to ARCA Holdings, LLC on this transaction.

About

Founded in 1998, ARCA is a leading provider of cash automation and technology solutions for the financial, retail and OEM end markets. The Company’s solutions offering, including Teller Cash Recyclers, increases efficiency, reduces costs and increases revenue for end users and is supported by a robust service and technician network. ARCA maintains strong global brand recognition and #1 or #2 leadership positions in its core geographies. ARCA is headquartered in Mebane, North Carolina.

Founded in 2000 as Falcon Investment Advisors and acquired by Onex Credit in 2020, the Onex Falcon team manages $3.8 billion of private credit assets, providing one-stop financings to leading middle market companies in the United States and Canada. Onex Falcon specializes in creating customized solutions to both sponsor and non-sponsor owned companies with an emphasis on relationship and creativity. With offices in New York, New York and Boston, Massachusetts, Onex Falcon financing capabilities encompass unitranche, senior debt, second lien, mezzanine and structured equity solutions.

Founded in 1925, Prudential is a private investment firm that provides debt and equity capital to middle market businesses in a variety of sectors including manufacturing and industrials, business services, consumer products and services, distribution and logistics and financial services. Prudential seeks to invest between $10 million and $150 million in companies with EBITDA over $8 million. Prudential has 14 global offices and over $97 billion of private credit and equity AUM in more than 1,000 companies worldwide (primarily in North America, Western Europe and Australia). Prudential operates as an arm of PGIM, Inc., the global investment management business of Prudential Financial, Inc. (NYSE: PRU), with over $1.3 trillion AUM. Prudential is headquartered in Chicago, Illinois.

Technology & Services

ARCA, including shareholders Onex Falcon and Prudential, recapitalization