Credit

Churchill supports Sentinel's acquisition of Pet Supplies Plus

Churchill Asset Management has provided a credit facility to back Sentinel Capital Partners‘ acquisition of Pet Supplies Plus. No financial terms were disclosed. Based in Livonia, Michigan, Pet Supplies Plus is a franchisor and operator of pet-specialty stores. Churchill was the joint lead arranger on the financing.

Crestline Direct Lending backs SDG

Crestline Direct Lending, which is part of Crestline Investors Inc, has provided a credit facility to Schweiger Dermatology Group, a provider of dermatology services. No financial terms were disclosed. The capital infusion will be used for expansion. Crestline was the administrative agent and joint lead arranger on the facility. SDG is a portfolio company of LNK Partners, LLR Partners and SV Health Investors.

Energy Capital Partners targets $800 mln for credit fund

Energy Capital Partners is seeking to raise $800 million for its second credit solutions fund, according to an SEC filing. The firm invests in North America's energy infrastructure.

Churchill supports Convey's acquisitions of HealthScape and Pareto

Churchill Asset Management has provided a $143 million credit facility to back Convey Health Solutions Inc's acquisitions of two Chicago-based companies: HealthScape Advisors and Pareto Intelligence. HealthScape Advisors is a healthcare-focused management consulting firm while Pareto Intelligence is a technology and analytics company that supports plans and providers with solutions to improve outcomes. Convey is a portfolio company of New Mountain Capital.

NHI to provide $180 mln loan to joint venture

National Health Investors has agreed to provide up to $180 million to LCS-Westminster Partnership IV LLP, a joint venture between Westminster Capital and LCS. The capital will be used to recapitalize and finance the expansion of Sagewood, a 567-unit continuing care retirement community in Phoenix, Arizona.

Kudu to take minority stake in Fair Oaks

Kudu Investment Management has agreed to acquire a minority stake in London-based alternative credit manager Fair Oaks Capital Ltd. No financial terms were disclosed. The deal is expected to close in the first quarter of January 2019.

CQS recruits ex-London Stock Exchange head as CEO

CQS, a credit-focused multi-strategy asset manager, has named Xavier Rolet as CEO. His appointment will begin on January 14, 2019. Rolet is the former CEO of the London Stock Exchange.

Golub backs Sentinel's acquisition of Pet Supplies Plus

Golub Capital provided financing to support Sentinel Capital Partners' acquisition of Pet Supplies Plus. No financial terms were disclosed. Based in Livonia, Michigan, Pet Supplies Plus is a franchisor and operator of pet-specialty stores. Golub was the administrative agent, joint lead arranger and joint bookrunner on the financing.

Littlejohn's Wellfleet closes CLO at $407.5 mln

Wellfleet Credit Partners, Littlejohn & Co’s performing credit business, closed its third collateralized loan obligation for 2018 at $407.5 million. Bank of America Merrill Lynch arranged the CLO while Milbank, Tweed, Hadley & McCloy provided legal advice to Wellfleet.

Macquarie-backed energy storage project snags $100 mln debt funding

A Macquarie Capital-backed battery-based energy storage project located in Southern California, has secured $100 million in debt financing. The backers were CIT Group, Rabobank and Sumitomo Mitsubishi Banking Corporation.