Teachers' Private Capital $1.14 billion acquisition of PODS

Overview:

• Teachers' Private Capital has completed its $1.14 billion acquisition of moving and storage company PODS.
• PODS was sold by Bahraini private equity firm Arcapita.
• Teachers' Private Capital is the private equity investment arm of the Ontario Teachers' Pension Plan.
• Part of the financing came from two term loans and a revolving credit facility totaling $610 million.
• The financing was provided by Morgan Stanley Senior Funding, Barclays Bank and Goldman Sachs Lending Partners. 
• The deal was first announced in December 2014. 

Kurt Stumpo - Journalist