Salus Capital Partners, a subsidiary of Harbinger Group, has surpassed $250 million in new loan commitments since launching in January 2012. Salus has so far provided credit facilities to sixteen companies throughout North America.
2 min read · 24 October 2012
Private equity fund Fortissimo Capital has acquired Starhome from Comverse Technology and other shareholders. Founded in 1999, Starhome is a provider of international roaming solutions.
2 min read · 24 October 2012
Wear Inns, a company focused on acquiring and managing a chain of community pubs across the North of England, has acquired a further two premises from the Orchid Pub Group. The company acquired nine pubs from TCG Bars in July 2012, so has completed a total of 11 acquisitions only five months after receiving a £10 million funding package from NVM Private Equity and Business Growth Fund. This will bring Wear Inns’ managed pub estate to a total of 26 premises.
3 min read · 24 October 2012
Infrastructure investor ofi infraVia has reached a first closing of infraVia European fund ii, its second European focused infrastructure fund. The firm has has raised 150 million euros ($194 million) from French and European institutional investors. The new fund is seeking total commitments of 400 million euros.
2 min read · 24 October 2012
Financial advisory and investment banking firm Duff & Phelps Corporation has hired Chad Burns as a managing director in the San Francisco office. Burns is a member of the transaction advisory services practice, part of the alternative asset advisory business.
4 min read · 24 October 2012
Summit Midstream Partners has closed the $207 million acquisition of ETC Canyon Pipeline from La Grange Acquisition, a wholly-owned subsidiary of Energy Transfer Partners. Canyon gathers and processes natural gas in the Piceance and Uinta Basins in Colorado and Utah.
4 min read · 24 October 2012
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo has appoointed Adam Gale, former head of Chadbourne & Parke's hedge fund practice group, as a member in the corporate and securities section. Based in the New York office, Gale will bring experience in the structuring, formation and fundraising efforts of hedge funds and private equity funds. Additionally, he represents numerous institutional investors in their investments into all fund types.
2 min read · 24 October 2012
Bojangles' Restaurants has announced a refinancing of its $200 million senior debt facility, significantly lowering its borrowing costs. Bank of America Merrill Lynch served as lead arranger with Wells Fargo, Fifth Third Bank and Regions Bank as joint lead arrangers. KeyBank, Cadence Bank and Royal Bank of Canada also participated in the facility.
2 min read · 24 October 2012
Take timeout this morning to find out about Blackstone's penchant for hedge fund managers, the latest venture funding news and what an Apple Fusion Drive is.
1 min read · 24 October 2012
Avalon Lake Partners, an advisory firm for the alternative asset management industry, has appointed Michael Byl as a director. Byl will manage marketing and client-facing activitie, and also work with the compliance team on regulatory issues.
2 min read · 23 October 2012
