Private Equity
Irvine, California-based WNC, an investor in real estate and community development initiatives, has closed its low-income housing tax credit fund at $150 million. The fund will be used to develop and renovate more than 1,950 affordable housing units in the U.S.
2 min read · 23 August 2018
Turning Rock Partners has provided a $30 million senior debt facility to back Bagnols Family Office's investment in New York-based Lux Credit, a diversified fleet management business. Todd Bowen and John Mascialino, shareholders at Greenberg Traurig LLP, advised Turning Rock Partners on the deal.
2 min read · 23 August 2018
Monroe Capital has increased its credit facility to ProPharma to support its acquisition of Xendo, a Dutch provider of compliance consulting, engineering & technical support, regulatory affairs, and pharmacovigilance services for the biopharmaceutical, medical device and healthcare industries. No financial terms were disclosed. ProPharma is backed by Linden Capital Partners.
2 min read · 21 August 2018
AppLovin, a mobile gaming platform, has secured a credit facility of an undisclosed sum to refinance the convertible note facility it received from Hontai Capital. No financial terms were disclosed. As a result of the transaction, Hontai will retain a small equity stake in AppLovin. Bank of America Merrill Lynch is serving as financial adviser to AppLovin while CV Capital is doing likewise to Hontai Capital on the transaction. Last month, KKR said it was buying a stake in AppLovin for $400 million.
3 min read · 21 August 2018
Monarch Private Capital, an Atlanta-based tax credit investment provider, has named Chuck Kaiser as managing director of financial investments and PACE. Previously, he was managing director at Rockwood Group.
2 min read · 21 August 2018
FS Energy and Power Fund has raised over $1 billion in debt financing. Included in the financing is a $390 million credit facility and a $195 million term loan facility. JPMorgan Chase Bank N.A., SG Americas Securities LLC and BMO Capital Markets are the joint lead arrangers and joint bookrunners for the new credit facilities.
3 min read · 17 August 2018
AloStar Capital Finance has provided a $11.8 million loan to Tennessee-based American-Marsh Pumps, a provider of pumping applications. Butler Snow Advisory provided assistance on the transaction.
2 min read · 16 August 2018
Barings has provided a credit facility to back Duke Street's investment in Great Rail Journeys, a UK-based provider of escorted rail holidays. No financial terms were disclosed.
2 min read · 16 August 2018
Open Prairie provided a $5.2 million credit facility to Tillerman Seeds. The capital was used by Tillerman to acquire Scandinavia, Wisconsin-based Legacy Seeds, a producer of non-GMO alfalfa seeds as well as corn, soybeans, wheat, cover crops and turf blends. Greenville, Michigan-based Tillerman Seeds is a holding company focused on acquiring small, regional independent seed companies.
3 min read · 15 August 2018
Mountain View, California-based BioElectron Technology Corp, a biotech company, has raised $40 million in debt funding. The investor was Solar Capital Partners.
3 min read · 10 August 2018
