Private Equity
Monroe Capital LLC has provided a $185 million senior credit facility as well as a $50 million mezzanine facility to support a full-service logistics company's acquisition of an international third-party logistics company. Neither company has been identified.
2 min read · 11 September 2018
Carlyle Group said Sept. 10 that it closed a a U.S. collateralized loan obligation fund totaling $612 million. JP Morgan Chase arranged the CLO.
1 min read · 10 September 2018
Finitive has provided a $50 million senior credit facility for Bungalow. North Capital Private Securities was the broker-dealer on the transaction. Based in San Francisco, Bungalow is a residential real estate platform.
3 min read · 06 September 2018
Ardian has provided debt financing to Belgium-based Alpega, a global logistic software company. No financial terms were disclosed. Alpega was formed in 2017 via a carve-out transaction led by Castik Capital.
3 min read · 06 September 2018
CIBC Innovation Banking has provided $22.5 million of debt financing to TigerConnect, a Santa Monica, California-based clinical communication solutions platform. Founded in 2010, TigerConnect helps physicians, nurses and other staff in over 4,000 healthcare organizations communicate and collaborate more effectively, accelerating productivity, reducing costs, and improving patient outcomes. The company’s investors include Norwest Venture Partners, OrbiMed, Montreux Equity Partners and New Leaf Ventures. CIBC Innovation Banking launched in January with CIBC’s acquisition of the assets of Canadian specialty finance firm Wellington Financial.
3 min read · 05 September 2018
Churchill Asset Management provided a $111 million credit facility to back Court Square Partners' acquisition of Momentum Telecom. Based in Birmingham, Alabama, Momentum Telecom is a provider of business voice, broadband management and unified communications software.
2 min read · 05 September 2018
Ardian has provided a unitranche facility to back HgCapital's investment in IT Relation, a Danish provider of managed IT services. No financial terms were disclosed.
2 min read · 04 September 2018
TCF Capital Funding has provided financing to back Cathay Capital and its portfolio company Innovative Office Products' acquisition of San Jose, California-based HAT Contract, a maker of office ergonomic products . No financial terms were disclosed. Innovative is also backed by Norwest Mezzanine Partners and ORIX Mezzanine & Private Equity.
5 min read · 31 August 2018
Arden Group has raised over $113 million for its credit fund, according to an SEC filing. The target is $150 million. Based in Philadelphia, Arden Group is a real estate investment fund.
1 min read · 29 August 2018
HarbourVest Partners has named James Athanasoulas as a managing director on its private credit team. Prior to joining HarbourVest, he was a managing director at Bain Capital Credit.
3 min read · 28 August 2018
