Ontario Teachers’ Pension Plan, Mitratech Parent, Obtains New Financing

Reuters reported last February (see post) that Ontario Teachers’ Pension Plan was seeking a buyer for Mitratech.  It was reported today, however, that Ontario Teachers’ Pension Plan has obtained  $2B financing from a group of credit investors led by Blackstone and including Antares Capital, replacing its old lender group that included Golub Capital, UBS, Barclays, and Deutsche Bank that provided $780M of financing allowing for the majority acquisition in 2021 by OTPP from HG.  See here for information on this current financing deal.  With financing like that, I predict more system acquisitions by Mitratech are coming.