Private Equity
Prudential Capital Group, a provider of private placements, mezzanine debt and equity, has opened a new office in Mexico City. The new office will house five investment professionals. Prudential Capital Group is the private capital arm of PGIM, Prudential Financial's investment management businesses.
3 min read · 16 October 2018
The Philadelphia-based chain of Urgent Care Centers has secured $1.85 million in funding. The investor was Change Capital. The capital infusion will be used for growth.
2 min read · 16 October 2018
Vistara Capital Partners has set a target of about $100 million for its third technology debt fund, according to a news release. Vistara Technology Growth Fund III launched with initial committed capital of about $40 million, supplied primarily by returning investors, the release said. The Vancouver firm’s limited partners, which include family offices, foundations and tech executives, will also contribute co-investment resources. Fund III will maintain Vistara’s strategy of providing flexible, tailored debt financing to mid-to-late-stage tech companies looking to fuel growth without giving up control, resetting valuations or diluting existing ownership. It will invest $5 million to $15 million in senior or subordinated debt per deal, with a focus on founder-owned or venture-backed tech companies located across North America.
1 min read · 16 October 2018
Crestline Investors Inc has closed its latest collateralized loan obligation at $407.2 million. The CLO, known as Denali CLO XVII Ltd, is backed by leveraged loans and has a five-year reinvestment period and a two-year non-call period. Barclays was the arranger for the CLO.
2 min read · 15 October 2018
Abacus Finance Group LLC has provided a $25.5 million credit facility to support WestView Capital Partners’ recapitalization of The Phia Group. Abacus also made an equity co-investment in The Phia Group. Based in Braintree, Massachusetts, The Phia Group is a provider of outsourced cost containment and payment integrity solutions for healthcare payers and the companies that service them.
3 min read · 15 October 2018
KSL Capital Partners has closed its second credit fund at $671 million. Eaton Partners was the fund's adviser.
2 min read · 11 October 2018
San Diego-based Zebit Inc, a provider of ecommerce credit solutions, has secured up to $75 million in debt financing. The investor was Route 66 Ventures.
3 min read · 11 October 2018
New York City-based CBAM, an investment management firm, has raised $504 million for its collateralized loan obligation in which Morgan Stanley was the lead arranger. CBAM is a portfolio company of Eldridge Industries.
2 min read · 10 October 2018
Hayfin Capital Management provided $60 million to Asheville, North Carolina-based Avadim Health Inc, a life sciences company. The financing is comprised of $40 million debt financing and a facility of up to $20 million. ASGARD Partners & Co advised on Avadim Health on the transaction.
2 min read · 10 October 2018
The Firmament Group has provided debt financing to back NextGen Growth Partners' acquisition of Mokena, Illinois-based Condata Global Inc, a provider of freight post audit and recovery services. No financial terms were disclosed.
3 min read · 10 October 2018
