I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Fifth Street Senior Floating Rate Corp. said Wednesday that it raised $100 million in gross proceeds from an IPO. Fifth Street Senior Floating Rate, a business development company that invests primarily in senior secured loans, priced about 6.7 million shares at $15 each. Book runners on the deal included Morgan Stanley, Deutsche Bank Securities, UBS Investment Bank and Barclays.
2 min read · 17 July 2013
McGraw-Hill Education, which is backed by Apollo Global Management, said Wednesday it bought Tata McGraw-Hill Education Private Limited, the company's long-existing joint venture with Tata Group. As part of the agreement, McGraw-Hill Education purchased the minority ownership stake in the company held by two Tata charitable trusts. Financial terms weren't announced.
2 min read · 17 July 2013
Susan Meng has joined Brookwood Financial Partners as a VP in its acquisitions group. Meng recently received her MBA from the Wharton School of Business. From 2008 to 2011, she was an associate at HarbourVest Partners.
2 min read · 17 July 2013
Sentinel Capital Partners is officially out fundraising for its next fund, according to a placement agent and an SEC filing.
1 min read · 17 July 2013
J-STAR said Wednesday that its second fund closed at JPY 11.86 billion (US$119 million). The Japanese PE firm will invest in 10 companies with a deal size between JPY 1.0 billion to JPY 10.0 billion.
2 min read · 17 July 2013
Elevate Ventures has invested $50,000 in Curvo. Evansville, Ind.-based Curvo is a data platform that allows hospitals, surgery centers and medical device companies to connect and share information.
4 min read · 17 July 2013
GI Partners said Tuesday it acquired One Wilshire, a downtown Los Angeles network facility and data center. GE also bought three fully leased corporate office properties in El Segundo, Calif. Financial terms were not announced.
2 min read · 17 July 2013
Main Street Capital Corp. has invested $7 million in Garreco. Main Street's investment consists of $5.8 million in first lien, senior secured term debt and a $1.2 million direct equity investment. Heber Springs, Ark.-based Garreco makes and supplies consumable products used to create dentures, crowns, and bridges in dental laboratories and clinics.
2 min read · 17 July 2013
Monterro has acquired 18.1% of Tradedoubler. The sellers, SEB Investment Management, Alecta and the Fourth Swedish National Pension Fund, sold half of their holdings or 7.8 million shares. Tradedoubler, of Sweden, is a digital market company. Stockholm-based Monterro is investment firm focused on software and software based services in the Nordic region.
2 min read · 17 July 2013
Monroe Capital has provided a 20.5 million unitranche credit facility to an online retail company focused exclusively on distribution into the men’s apparel market. Monroe, a middle market lender, did not provide further information.
1 min read · 17 July 2013
