Private Equity
Churchill Asset Management has provided a $70 million credit facility to back Further Global Capital Management's acquisition of Louisville, Kentucky-based Payment Alliance International Inc, an ATM provider. No financial terms were disclosed.
2 min read · 04 March 2019
Antares has provided a credit facility to back GTCR's acquisitions of Ultimus Fund Solutions and The Gemini Companies. No financial terms were disclosed. Both Ultimus and Gemini provide middle and back-office solutions that help fund managers and investors. Antares was the lead left arranger and administrative agent on the financing.
2 min read · 01 March 2019
Bridge Bank has extended a $17 million credit facility to Culver City, California-based SteelHouse, an advertising technology company. The capital will be used for growth initiatives and working capital.
3 min read · 28 February 2019
LBC Credit Partners has provided $28 million in financing to back Wynnchurch Capital's acquisition of Boss Industries. Based in La Porte, Indiana, Boss provides power take-off and engine driven rotary screw air technology that is used in compressors and vapor recovery systems.
2 min read · 27 February 2019
Post Road Group has provided a $50 million senior credit facility to Pareteum Corporation, a cloud software communications platform company. The capital will be used for growth via mergers and acquisitions.
3 min read · 27 February 2019
Alantra, a middle-market investment bank and asset manager, has raised 150 million euros for its second debt fund. Alantra's Debt Fund II's target is 175 million euros with a hard cap of 200 million euros. The fund's investors included public institutions, pension funds, insurance companies and family offices.
3 min read · 27 February 2019
Twin Brook, Angelo Gordon's middle-market direct lending arm, has provided financing to support a dividend recap of Wisconsin-based Burke, a provider of engineered commercial play environments, according to a source familiar with the transaction. No financial terms were disclosed. Burke is a portfolio company of The Halifax Group.
1 min read · 26 February 2019
Monroe Capital LLC said Feb. 26 that it increased its loan to Qognify, a Battery Ventures’ portfolio company, to support its buy of On-Net Surveillance Systems Inc and the OnSSI company, SeeTec GmbH.
2 min read · 26 February 2019
Ares Management Corp said Feb. 26 that its European Direct Lending group provided a 1 billion pound loan to Daisy Group, which will use the funds to refinance its existing credit facilities. Daisy Founder and Chairman Matthew Riley will also buy out one of the company’s minority investors. Daisy Group provides telecommunications, IT and cloud services to U.K. businesses.
3 min read · 26 February 2019
Varagon Capital Partners has provided a credit facility to back Marlin Equity Partners' acquisition of Worksoft. No financial terms were disclosed. Varagon was administrative agent on the financing. Dallas-based Worksoft is a continuous robotic test automation platform for enterprise packaged applications.
2 min read · 25 February 2019
