Angela Sormani

Monroe Capital closes $358 mln collateralized loan

Monroe Capital has closed a $358 million term debt securitization known as Monroe Capital CLO 2014-1. Monroe sold securities rated from AAA through BB as well as equity interests while retaining some of the equity itself. Deutsche Bank served as the lead manager, structuring agent and bookrunner.

Trive's Valence acquires Blue Streak

Trive Capital portfolio company, Valence Surface Technologies has acquired Blue Streak Finishers. Based in Everett, WA, Blue Streak specializes in providing processing and related services for large complex aerostructures.

Battery East opens for business and appoints Founders Fund MD

Financial services firm Battery East has opened for business. In addition, Founders Fund's Howard Caro has joined as a new managing director.

Sentinel Capital Partners exits Chase Doors

Sentinel Capital Partners has sold Chase Industries, a manufacturer of high-quality, made-to-order impact traffic doors and specialty door systems. Terms of the deal were not disclosed.

peHUB First Read

This morning First Read brings you the latest on Blackstone's next TacOpps fund, how to create international value in private equity deals and why start-ups are burning too much cash.

Hellman & Friedman acquires Grocery Outlet from Berkshire Partners

Grocery Outlet is to be acquired by Hellman & Friedman and Grocery Outlet’s senior management team from its principal owner, Berkshire Partners. Terms of the transaction were not disclosed.

H.I.G. Capital backs Grupo NZN and Click Jogos merger

H.I.G. Capital has completed strategic investments in Grupo NZN and Click Jogos, both Brazil digital media businesses. As part of the transaction, NZN and Click Jogos will merge.

Strattam Capital backs Doxim

Strattam Capital has backed Doxim, a provider of customer communications management software to the financial services industry. Strattam is investing in partnership with Doxim’s current management team, led by founder and CEO Chris Rasmussen.

Providence Ventures launches $150 mln healthcare venture fund

Providence Health & Services has launched a $150 million venture capital fund focused on healthcare.

Marty Hanaka joins Highland Consumer Partners as operating partner

Highland Consumer Partners has appointed retail executive Marty Hanaka as an operating partner. He most recently was the interim chief executive officer of Guitar Center from January 2013 to April 2013.