Deal of the Year: Owl Rock Capital Partners for Checkmarx
In April 2020 Hellman & Friedman and TPG (minority) completed the acquisition of Checkmarx, a software security firm, with Owl Rock Capital Partners providing a first lien recurring revenue credit facility.
The deal was one of few being done at the height of the pandemic and amid great economic uncertainty – but in a sector that looks to have a solid future. Craig Packer, co-founder of Owl Rock, said COVID-19 had restricted deal opportunities.
“It’s an extremely challenging time, and our overall disposition is to be incredibly cautious in deploying capital,” Packer told Reuters in April.
For more information about the PDI Awards, please visit here.
Accolades are independently determined and awarded by their respective publications. Accolades can be based on a variety of criteria including recognition by peers, demonstrated leadership, strategy innovation, deal-making skills, and more. Neither Owl Rock nor its employees pay a fee in exchange for these ratings. Past performance is no guarantee of future results.