TPG Unit To Fund Actian's $154M Pervasive Software Buy

Law360, New York (October 5, 2012, 7:12 PM EDT) -- Actian Corp. said Friday that it had lined up debt financing commitments from an affiliate of private equity firm TPG Capital for its $154 million takeover bid for Pervasive Software Inc., seeking to put pressure on Pervasive's board, which has dragged its feet on the seven-week-old offer.

TC Lending LLC will provide an undisclosed amount of debt to fund the deal, which would combine two data managers with opportunities to grow in the market for business intelligence and data-integration software.

“We sought to get this committed...
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