Mattson Technology, a supplier of advanced process equipment used to manufacture semiconductors, has entered into a three-year revolving credit facility for $25 million with Silicon Valley Bank, part of SVB Financial Group. Upon closing, the company borrowed $10 million under this facility with an annual interest rate of 4.75 percent.
4 min read · 15 April 2013
The Small Business Investor Alliance has submitted public comments to the House Ways and Means Committee Working Groups on Tax Reform. The comments discuss the tax reform goals of the lower middle market; explain how lower middle market funds are structured to prevent unnecessary tax compliance costs and make several recommendations to the committee to retain flexibility in partnership tax structures.
2 min read · 15 April 2013
American Internet Services has completed a $43,500,000 refinancing of its senior credit facilities with Fortress Credit Corp, an affiliate of Fortress Investment Group. AIS is a hosting, cloud, and colocation provider headquartered in San Diego, California. DH Capital served as exclusive financial advisor to AIS.
3 min read · 15 April 2013
Catch up on the latest after the weekend with updates on what is boosting venture growth; an update on the last week's Asian deals and why foreign PE funds are losing out in China.
1 min read · 15 April 2013
In this scorecard, Buyouts takes a look at the top and bottom five performing small buyout vehicles within Washington State Investment Board’s private equity portfolio, according to its most recent performance data as of September 30, 2012.
2 min read · 11 April 2013
Bright Horizons Family Solutions®, a provider of employer-sponsored childcare and early education, has acquired kidsunlimited, a UK provider of nursery care, for 45 million pounds ($69 million). The acquisition provides an exit for kidsunlimited’s private equity investor, LDC, which backed a secondary buyout of the business in 2008.
5 min read · 11 April 2013
Gleacher & Company is to exit its MBS & Rates and Credit Products businesses effective immediately. The plan does not include the company’s other business operations, principally investment banking.
2 min read · 11 April 2013
Serent Capital has invested in Optimal Blue, a mortgage technology provider. The companys was founded by Larry Huff and Ivan Darius in 2002.
3 min read · 11 April 2013
This morning read all about the Google glass app fund phenomenon, whether the PC market really is a horror show and do we think private equity is becoming less and less private? Some do.
1 min read · 11 April 2013
DPE Deutsche Private Equity has closed DPE Germany II and its related feeder fund (DPE II). Offshore law firm, Mourant Ozannes advised on the fundraising.
2 min read · 10 April 2013
