The entire market for syndicated bank loans may have shut down in the last year, but debt can still be found. Lawyers representing San Francisco’s Vector Capital Corp. in its $160 million buyout of Aladdin Knowledge Systems, an Israeli maker of computer security products, say the deal harkens to older days when banks lent money and held on to the debt.
Vector, a private equity firm specializing in the tech industry, will add Aladdin to its portfolio of companies, and its businesses will be placed under common management with SafeNet Inc., an information security company that Vector bought for $634 million in 2007. The Aladdin deal was announced Jan. 13.
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