Monroe Capital has provided a $22 million unitranche facility to Links Global LLC. The financing was used to refinance existing debt and provide growth capital, Monroe Capital said in a written statement. Links Global is based in Walnut, Calif., and provides freight hauling services, warehouse storage space and related equipment. Monroe Capital provides senior and junior debt and equity co-investments to middle-market companies.
2 min read · 07 September 2011
Aditya Birla Capital Advisors, private-equity arm of the Aditya Birla Group, has raised 2.2 billion rupees ($48 million) in its second private equity fund, Reuters reported. The fund will take minority stakes primarily in unlisted, India-centric businesses in sunrise sectors such as lifestyle, life skills and education, life care and applied technologies, Reuters wrote.
1 min read · 07 September 2011
Seed-stage venture firm DFJ Mercury has promoted Aziz Gilani to director following his graduation from the Kaufmann Fellows Program. Gilani works with DFJ Mercury portfolio companies BlackLocus, GameSalad, Graphicly, Infochimps, Koupon Media, and ShareThis. Before joining the firm, Gilani was a senior engagement leader with Infosys Consulting.
3 min read · 07 September 2011
Crisis Prevention Institute Inc., a training company owned by buyout shop Riverside Co., is up for sale, Reuters reported. Middle-market investment bank Harris Williams is advising the company on the sale process. Riverside bought the Brookfield, Wisconsin-based company five years ago.
1 min read · 07 September 2011
San Francisco-based Catamount Ventures has added James Joaquin as a partner focusing on the consumer internet and consumer packaged goods sectors. Joaquin has a long track record for starting consumer companies. He co-founded Clearview Software while studying at Brown University. He later formed When.com, which was acquired by AOL. He also served as president and chief executive of Ofoto, later bought by Kodak.
3 min read · 07 September 2011
NXT Capital has provided Resource Label Group with $53.5 million in debt financing to fund the acquisition of Pamco Printed Tape & Label Co., the company announced Tuesday. NXT Capital served as the sole lead arranger, sole bookrunner and administrative agent. Resource Label Group is backed by First Atlantic Capital. The company manufactures pressure-sensitive label for the packaging industry.
2 min read · 06 September 2011
GE Capital Healthcare Financial Services has closed $115 million in credit facilities for Evolution1, a company backed by private equity firm Genstar Capital. The financing was used to recapitalize Genstar’s acquisition of Evolution Benefits and support the company’s acquisition of Lighthouse1. GE Capital Markets served as sole lead arranger and joint bookrunner, the company announced.
2 min read · 06 September 2011
Kohlberg Kravis Roberts & Co. and Sino-Ocean Holdings have teamed up to invest $140 million in China real estate, Reuters reported Monday. Both have agreed to put $70 million into the new fund. Sino-Ocean is investing in the fund with its subsidiary Gemini Investments Holdings and KKR is investing through KKR China Growth Fund L.P., Reuters wrote.
1 min read · 06 September 2011
Buyout giant the Carlyle Group has filed with U.S. regulators to raise up to $100 million in an initial public offering. J.P. Morgan, Citigroup and Credit Suisse are listed as underwriters on the offering. The filing did not say how much stock the firm plans to sell, or an expected price for the shares.
1 min read · 06 September 2011
Abraaj Capital, based in Dubai, said that is has acquired the North African private equity operations of French asset manager Amundi, Reuters reported Sunday. Abraaj has $6.2 billion under management, and will absorb Amundi’s 11-member investment team as part of the deal. Financial terms were not released.
2 min read · 06 September 2011
