Private Equity
Locust Point Capital has raised over $312 million for its new private credit fund, according to an SEC filing. Red Bank, New Jersey-based Locus Point is a specialty finance company for small to mid-sized healthcare providers.
1 min read · 24 September 2018
H.I.G. Realty Partners, the real estate investment affiliate of H.I.G. Capital, has named Michael Mestel as managing director and head of U.S. real estate debt originations. Previously, he worked at Square Mile Capital Management where he was the head of West Coast origination.
3 min read · 24 September 2018
Churchill Asset Management has provided a $87.5 million credit facility to back CenterOak Partners' formation of TruRoad. As previously reported by PE HUB, CenterOak invested in JN Phillips Auto Glass and merged it with Techna Glass. The newly combined company was named TruRoad. Based in Woburn, Massachusetts, TruRoad is a automotive glass and claims management company.
2 min read · 20 September 2018
MB Business Capital has provided a $29.5 million senior credit facility to Honey-Can-Do International. The capital will be used to refinance HCD's debt and to provide working capital. Based in Berkeley, Illinois, HCD is a provider of home goods products.
2 min read · 20 September 2018
Waterfall Asset Management LLC has launched its specialty commercial finance group. Andrea Petro, whose work background includes 17 years at Wells Fargo Capital Finance's lender finance division, will lead SCFG, which will provide high-yield senior secured debt to specialty commercial finance companies.
2 min read · 20 September 2018
Starwood Property Trust Inc has closed its previously announced acquisition of GE Capital's energy financial services' project finance debt business. The price of the transaction was $2.5 billion.
1 min read · 20 September 2018
Abacus Finance Group LLC said Sept. 20 that it provided a $20 million credit facility to support WestView Capital Partners’s recap of AccountabilIT. Abacus also invested in the company. AccountabilIT, of Scottsdale, Arizona, is an information technology services firm.
3 min read · 20 September 2018
Monroe Capital LLC said Sept. 19 that it increased a credit facility for Priority Ambulance LLC to back its buy of Emergency Medical Service Inc. Priority is a portfolio company of Enhanced Healthcare Partners.
2 min read · 19 September 2018
Stonegate has provided a $5 million credit facility for Gearbox. The capital will be used to support Gearbox's liquidity needs and growth. Based in Mukwonago, Wisconsin, Gearbox repairs, rebuilds and remanufactures wind turbine gearboxes and gearbox parts.
1 min read · 18 September 2018
Capital Advisors Group has named Stefan Spazek to lead its debt finance consulting group. Spazek has been with the firm since 2006.
2 min read · 18 September 2018
