OHA arranged a unitranche financing for Francisco Partners' acquisition of Elite, a leading ERP software provider for law firms.
Quiver AI Summary
Oak Hill Advisors (OHA) has acted as the Administrative Agent and Lead Left Arranger for a private unitranche financing to support Francisco Partners' acquisition of Elite, a leading provider of ERP software and integrated payment solutions for law firms worldwide. OHA, as the largest holder of the newly raised debt, leveraged its prior experience with Elite to provide a substantial financing solution. Eric Muller from OHA noted Elite's impressive performance and growth, emphasizing its market leadership and customer retention. This transaction builds on OHA’s previous role as the sole lender in Elite's carve-out from Thomson Reuters in 2023. OHA is recognized as a prominent credit-focused alternative asset manager with extensive expertise in various credit strategies.
Potential Positives
- OHA served as Administrative Agent and Lead Left Arranger for a significant financing supporting Francisco Partners' acquisition of Elite, a leading provider of ERP software for law firms, indicating OHA's active role in a notable transaction.
- OHA is the largest holder of the newly raised debt facility, showcasing its substantial commitment and stake in the financial arrangement.
- The press release highlights OHA's established relationship with Elite and its successful investment track record in the ERP software sector, reinforcing its credibility and expertise in this market.
- Eric Muller's quote emphasizes OHA's excitement about partnering with Elite's leadership team for future expansion, suggesting a positive outlook for the company's growth trajectory.
Potential Negatives
- OHA serves as the largest holder of the newly raised debt facility, which may indicate increased risk exposure if the acquisition does not perform as expected.
- The press release highlights the financing of a significant acquisition, which could raise concerns about the company's level of debt and leverage in the market.
- The statement references OHA’s familiarity with the company amid a past acquisition, which may imply that the need for ongoing financial support suggests previous challenges or instability within Elite.
FAQ
What is Oak Hill Advisors' role in the Elite acquisition?
OHA served as Administrative Agent and Lead Left Arranger for the private unitranche financing supporting Francisco Partners’ acquisition of Elite.
What services does Elite provide?
Elite is a leading provider of mission-critical ERP software and integrated payment solutions for law firms globally.
How has Elite performed in the market?
Elite has demonstrated a strong track record of performance, maintaining best-in-class customer retention while driving cloud adoption in the industry.
Who is Francisco Partners?
Francisco Partners is a global investment firm that focuses on partnering with technology and technology-enabled businesses.
What is the capital managed by Oak Hill Advisors?
OHA manages approximately $98 billion of capital across various credit strategies as of June 30, 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TROW Congressional Stock Trading
Members of Congress have traded $TROW stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $TROW stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 04/01.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$TROW Insider Trading Activity
$TROW insiders have traded $TROW stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $TROW stock by insiders over the last 6 months:
- ROBERT F. MACLELLAN sold 3,090 shares for an estimated $324,466
- DOROTHY C SAWYER sold 2,000 shares for an estimated $190,860
- JESSICA M HIEBLER (Principal Accounting Officer) sold 968 shares for an estimated $93,879
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TROW Hedge Fund Activity
We have seen 501 institutional investors add shares of $TROW stock to their portfolio, and 492 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP added 1,993,920 shares (+137.7%) to their portfolio in Q2 2025, for an estimated $192,413,280
- ROYAL BANK OF CANADA added 1,734,501 shares (+345.3%) to their portfolio in Q2 2025, for an estimated $167,379,346
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 950,514 shares (+50.8%) to their portfolio in Q2 2025, for an estimated $91,724,601
- MILLENNIUM MANAGEMENT LLC removed 947,370 shares (-93.6%) from their portfolio in Q2 2025, for an estimated $91,421,205
- CAPITAL WORLD INVESTORS removed 927,894 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $89,541,771
- UBS GROUP AG added 669,673 shares (+30.1%) to their portfolio in Q2 2025, for an estimated $64,623,444
- ARGA INVESTMENT MANAGEMENT, LP added 464,949 shares (+3807.3%) to their portfolio in Q2 2025, for an estimated $44,867,578
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TROW Analyst Ratings
Wall Street analysts have issued reports on $TROW in the last several months. We have seen 0 firms issue buy ratings on the stock, and 3 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Underweight" rating on 08/04/2025
- JP Morgan issued a "Underweight" rating on 04/16/2025
- Goldman Sachs issued a "Sell" rating on 04/14/2025
To track analyst ratings and price targets for $TROW, check out Quiver Quantitative's $TROW forecast page.
$TROW Price Targets
Multiple analysts have issued price targets for $TROW recently. We have seen 9 analysts offer price targets for $TROW in the last 6 months, with a median target of $102.0.
Here are some recent targets:
- Glenn Schorr from Evercore ISI Group set a target price of $115.0 on 09/05/2025
- Michael Cyprys from Morgan Stanley set a target price of $116.0 on 08/04/2025
- Benjamin Budish from Barclays set a target price of $95.0 on 08/04/2025
- Aidan Hall from Keefe, Bruyette & Woods set a target price of $112.0 on 08/04/2025
- Kenneth Worthington from JP Morgan set a target price of $102.0 on 08/04/2025
- Michael Brown from Wells Fargo set a target price of $108.0 on 07/11/2025
- Alexander Blostein from Goldman Sachs set a target price of $80.0 on 04/14/2025
Full Release
New York, New York, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a private unitranche financing supporting Francisco Partners’ acquisition of Elite. Elite is a leading provider of mission-critical enterprise resource planning (“ERP”) software and integrated payment solutions for law firms globally. OHA is the largest holder of the newly raised debt facility.
This transaction follows OHA’s role as the sole lender for TPG’s carve-out of the company from Thomson Reuters in 2023. OHA’s familiarity with the company, combined with its decades of experience investing in ERP software companies, enabled a decisive and scaled financing solution.
“Since our initial investment in Elite, the business has demonstrated a strong track record of performance and remarkable growth. Elite operates as a market leader, maintaining best-in-class customer retention while driving industry-wide cloud adoption,” said Eric Muller, Partner and Portfolio Manager at OHA. “We are excited to deepen our partnership with Francisco Partners and the Elite leadership team as the company enters its next phase of expansion.”
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About OHA: Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm manages approximately $98 billion of capital across credit strategies, including private credit, high yield bonds, leveraged loans, stressed and distressed debt and collateralized loan obligations as of June 30, 2025. OHA’s emphasis on long-term partnerships with companies, sponsors and other partners provides access to a proprietary opportunity set, allowing for customized credit solutions across market cycles.
With over 400 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit oakhilladvisors.com .
About Elite: Since its founding in 1947, Elite has transformed law firms with innovative technologies that are at the center of their success. Today, Elite is a leading, independent technology company that continues to develop cutting-edge digital financial solutions that drive success for the world’s most successful law firms. Visit elite.com to learn more.
About Francisco Partners: Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch more than 25 years ago, Francisco Partners has invested in more than 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $50 billion in capital raised, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com .
