BNP Backed by Sound Point for Acquisition by Godspeed Capital
Deal News | Dec 16, 2024 | Sound Point Capital Management
Sound Point Capital Management, an alternative asset management firm, has provided a senior secured credit facility to BNP Associates, acting as the Administrative Agent. This financing facilitated BNP's acquisition by Godspeed Capital, a private equity firm focusing on lower middle-market Defense & Government services. BNP, founded in 1971 and headquartered in Denver, Colorado, is a specialized consulting firm offering services for airport infrastructure projects globally. Sound Point, managing over $45 billion in assets, was praised by Godspeed for their proactive and commercial approach during the transaction process. This deal marks the collaboration between Sound Point and Godspeed in furthering BNP's presence in the air transportation industry. The financing arrangement highlights the collaborative relationship and sector expertise of the firms involved, demonstrating a shared commitment to BNP’s strategic growth.
Sectors
- Private Equity
- Air Transportation Consulting
- Financial Services
Geography
- United States – Both BNP Associates, based in Denver, Colorado, and Sound Point Capital, headquartered in New York, operate within the United States.
Industry
- Private Equity – Godspeed Capital's involvement in the acquisition classifies this transaction under Private Equity, highlighting its focus on strategic investments and growth of acquired companies.
- Air Transportation Consulting – BNP Associates operates in the air transportation consulting industry, providing infrastructure consulting services for airports and airlines.
- Financial Services – Sound Point Capital Management's role as a financier through a secured credit facility places this in the Financial Services sector.
Financials
- Not Disclosed – Financial details of the credit facility and acquisition cost were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BNP Associates, Inc. | Target Company | Company | A full-service air transportation consulting and engineering firm based in Denver, Colorado. |
| Godspeed Capital | Bidding Company/Buyer | Company | A private equity firm focusing on lower middle-market Defense & Government services. |
| Sound Point Capital Management, LP | Financial Advisor/Administrative Agent | Company | An alternative asset management firm providing credit strategies and financing solutions. |