Blackstone leads $1B financing for Analogic-Leidos deal

Blackstone Credit & Insurance is leading a $1 billion financing package for the merger of Analogic Corporation with select businesses from Leidos Holdings Inc., as announced on Monday. The transaction, which closed earlier this month, combines Analogic's imaging, detection, automation, and power technology solutions with Leidos' Security Enterprise Solutions, Ports & Borders, and Industrial Automation divisions.

The combined entity will operate in security imaging and detection across various security-focused environments, including airports, ports, borders, and critical infrastructure. Brad Colman, Global Head of Healthcare Investing and Sponsor Coverage for Private Credit Strategies at Blackstone Credit & Insurance, expressed satisfaction in supporting the scaled, integrated leader in security detection with this financing solution.

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