Private Equity
CARDONE Industries, a provider of automotive aftermarket solutions, has recapitalized its current credit facilities with Citizens Bank and Brookfield Asset Management. No financial terms were disclosed. The recapitalization will be used for expansion and to strengthen CARDONE's balance sheet.
3 min read · 23 October 2018
Abacus Finance Group LLC has provided senior debt financing to back Zavation Medical Products LLC's acquisition of Tampa, Florida-based Pan Medical U.S. Corp, a maker of medical products used in minimally invasive procedures. No financial terms were disclosed. Zavation is a portfolio company of LongueVue Capital.
4 min read · 22 October 2018
Centerfield Capital Partners said Oct. 22 that it is supporting the acquisition of Pure Wafer by Edgewater Capital Partners. It is providing subordinated debt and an equity co-investment. Pure Wafer, of San Jose, provides silicon wafer reclaim services and also supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts and services.
1 min read · 22 October 2018
New York and London-based Credit Benchmark, a provider of credit analytics, has raised $7 million in funding. The lead investors were Index Ventures, Balderton Capital, Communitas Capital and a group of private investors that includes former Goldman Sachs Vice Chairman and co-CEO of Goldman Sachs International Michael Sherwood. In addition to the funding, Sherwood will join Credit Benchmark's board of directors.
3 min read · 18 October 2018
Solar Capital Partners LLC has closed its private credit funds at over $750 million. The funds, SCP Private Credit Income Fund LP and SCP Private Credit Income BDC LLC, will invest in U.S. middle market companies via senior secured cash flow loans, asset-based loans and life science loans.
2 min read · 18 October 2018
Turning Rock Partners has closed a $15 million loan tied to an unnamed waste remediation company. The deal is Turning Rock’s sixth transaction this year. Todd Bowen of Greenberg Traurig advised Turning Rock.
1 min read · 17 October 2018
Crescent Capital Group LP, an alternative credit investment firm, has named Mark du Four as a managing director focused on the private capital markets. Previously, he worked at NewStar Financial where he was head of capital markets.
2 min read · 17 October 2018
Monroe Capital said Oct. 17 that it provided a loan to fund the acquisition of Vereco Inc by an unnamed PE sponsor. Vereco, of Laguna Niguel, California, creates and manages document services programs for hospitals and healthcare systems.
2 min read · 17 October 2018
FLOCK Specialty Finance has secured a a new senior debt facility from MidCap Financial Services LLC. Based in Atlanta, FLOCK is an alternative funding provider of capital and expertise for the purchase of charged-off debt portfolios as well as for the financing of subprime consumer obligations.
4 min read · 16 October 2018
Kashable, an alternative consumer lender, has secured a $100 million credit facility from MidCap Financial, a specialty finance firm managed by Apollo Capital Management. The capital will be used for growth and to accelerate Kashable's ability to extend affordable financing to consumers.
4 min read · 16 October 2018
