Silver Point Finance Acts as Sole Lead Arranger to Support Symphony Technology Group’s Acquisition of Momentive Global (Nasdaq: MNTV)
Greenwich, CT, March 16, 2023 — Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as Sole Lead Arranger on a $450 million Senior Secured Term Loan to support the take-private of Momentive Global (“Momentive” or the “Company”). Momentive is a leading provider of user research technology tools, predominantly through the Company’s core survey platform. Momentive entered into a definitive agreement to be acquired by a consortium led by Symphony Technology Group (“STG”) in an all-cash transaction that values Momentive at approximately $1.5 billion
About Momentive
Momentive (NASDAQ: MNTV), maker of SurveyMonkey, empowers people with the insights they need to make business decisions with speed and confidence. The Company’s fast, intuitive experience and insights management solutions connect millions of users at more than 330,000 organizations worldwide with AI-powered technology and up-to-the-minute insights, so they can shape what’s next for their products, industries, customers, employees, and the market. Ultimately, Momentive’s vision is to raise the bar for human experiences by amplifying individual voices. Learn more at momentive.ai
About Silver Point Capital
Silver Point Capital, L.P. is a registered investment adviser that focuses on global credit investing. Founded in 2002 by Edward A. Mulé and Robert J. O’Shea, Silver Point was designed and built to have the deep resources, expertise and capital needed to invest in the global credit markets. Silver Point’s business model seeks to capture synergies across its platform, build comparative advantages in every area of the Firm, hire and train exceptional people, and establish a culture of teamwork. As of January 2023, Silver Point Capital has over 270 employees, including approximately 90 investment professionals, and over $22 billion in investible assets
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