Private Equity
Natixis Investment Managers has acquired UK-based private credit firm MV Credit. No financial terms were disclosed.
4 min read · 02 July 2018
Monarch Private Capital, an Atlanta-based tax credit investment provider, has named Sean Cammann as director of asset management. Previously, he was a senior asset manager at Wells Fargo.
2 min read · 29 June 2018
Wellfleet Credit Partners, Littlejohn & Co’s performing credit business, closed its first collateralized loan obligation for 2018 at $409.3 million. Morgan Stanley arranged the CLO while Milbank, Tweed, Hadley & McCloy provided legal advice to Wellfleet.
2 min read · 29 June 2018
GPB Capital has provided $31 million in debt funding to Hayward, California-based Kinestral Technologies, a maker of smart-tinting glass for windows in homes and office buildings. The capital infusion will enable Kinestral to bring its natural light management system to market.
3 min read · 28 June 2018
Kennesaw, Georgia-based LendingPoint, a consumer lender, has increased its credit facility to $52.5 million. Paragon Outcomes Management provided the financing.
3 min read · 28 June 2018
THL Credit has agreed to acquire the collateral management business of Kramer Van Kirk Credit Strategies LP. No financial terms were disclosed. Based in Chicago, KVK manages seven collateralized loan obligations totalling about $3.4 billion. The deal is expected to close during the summer of 2018.
2 min read · 27 June 2018
Monroe Capital LLC has provided $49.3 million in financing to back Highland Avenue Capital Partners' acquisition of an unnamed specialty chemical platform. Monroe Capital provides private credit solutions to borrowers in the U.S. and Canada.
2 min read · 27 June 2018
LBC Credit Partners has provided credit facilities to back Huron Capital's refinancing of Drake Automotive Group and the add-on acquisitions of Proforged and DV8. LBC was the agent and sole lead arranger on the credit facilities. No financial terms were disclosed. Drake is an automotive aftermarket parts brand while Proforged is a provider of steering and suspension products sold online to auto parts retailers. And, DV8 is a a maker of off-road accessories and wheels.
2 min read · 26 June 2018
Alcentra has expanded its U.S. direct lending team with two new hires. Suhail A. Shaikh and Peter M. Glaser are joining as managing directors and co-heads of U.S. direct lending. Previously, Shaikh was a senior investment professional at Solar Capital Partners LLC while Glaser worked at KKR where he headed KKR Sponsor Finance.
4 min read · 26 June 2018
BlackRock Real Assets has provided a mortgage loan of 20 million pounds to Cerberus Capital Management LP. The capital will be used to refinance eight of the 15 buildings that make up the Quorum Business Park, a UK-based office park.
2 min read · 25 June 2018
