Private Equity
Varagon Capital Partners has provided a credit facility to back InTandem Capital Partners' acquisition of Pediatric Home Service. No financial terms were disclosed. Based in Roseville, Minnesota, Pediatric Home Service is a provider of in-home care to medically fragile infants, children and adolescents in the upper Midwest. Varagon is the administrative agent, lead arranger and bookrunner on the financing.
2 min read · 20 December 2018
The merger of FS Investment Corp and Corporate Capital Trust Inc has closed, creating the second-largest publicly traded BDC. FS Investment Corp has been renamed FS KKR Capital Corp and will begin trading on the NYSE on Dec. 20 under the ticker “FSK.”
4 min read · 20 December 2018
Varagon Capital Partners provided a credit facility to back Graham Partners' investment in Giraffe Foods. No financial terms were disclosed. Toronto-based Giraffe is a maker of custom sauces, marinades, dips and dressings for industrial food processor, retail and foodservice customers throughout the U.S. and Canada.
2 min read · 17 December 2018
JW Asset Management has agreed to provide a $75 million credit facility to TerrAscend Corp, a Canadian vertically-integrated cannabis business. The capital will be used for acquisitions in the U.S. as well as for working capital.
3 min read · 14 December 2018
French asset manager Amundi has closed its third senior debt fund at 880 million euros. The fund will focus on European mid-cap companies. So far, it has secured capital from around 20 institutional investors.
2 min read · 13 December 2018
NXT Capital has provided a credit facility to back Audax Private Equity's acquisition of Blairsville, Pennsylvania-based Phoenix Rehabilitation and Health Services, a network of outpatient physical and occupational therapy clinics. No financial terms were disclosed. NXT was the sole lead arranger, administrative agent and sole bookrunner on the financing.
2 min read · 13 December 2018
CIT Group has provided $21.4 million in financing for Austin-based Virtus Real Estate Capital, a private equity real estate firm that focuses on "cycle-resilient alternative property types." CIT Group's healthcare business was the sole lead arranger on the credit facilities.
2 min read · 13 December 2018
Tripp Smith has begun reaching out to investors about starting a firm that will invest in corporate debt in the U.S. and Europe, Bloomberg reported. Smith is looking to raise a few billion dollars, the story said. Smith, the co-founder of Blackstone Group’s GSO Capital Partners, left the firm earlier this year.
1 min read · 13 December 2018
Future Family, a provider of accessible fertility care to women and couples, has secured a $100 million credit facility from Atalaya Capital. The capital will be used to fund fertility patients on Future Family's platform.
3 min read · 12 December 2018
Abacus Finance Group LLC has provided financing to back Thompson Street Capital Partners’ recapitalization of Ithaca, New York-based Palisade Corporation, which provides risk modeling and decision analysis software. No financial terms were disclosed. Abacus was the administrative agent and sole lender on the financing.
3 min read · 12 December 2018
