Private Equity
AloStar Capital Finance has provided a $20 million loan to Minneapolis-based McGinty Road Partners, a credit-centric manager. BRG Capital Advisors served as adviser to MRP on the transaction.
2 min read · 14 June 2018
LendingTree Inc has closed its previously announced acquisition of Ovation Credit Services Inc, a provider of credit services. A previous report of this deal pegged the amount at $20.75 million.
2 min read · 13 June 2018
Ardian has provided a financing facility to back Naxicap Partners' acquisition of Paris-based European Cargo Services, a manager of air cargo for airlines. No financial terms were disclosed.
4 min read · 12 June 2018
Monroe Capital has provided a $21 million senior credit facility to back Milestone Partners' acquisition of RedZone Robotics Inc. Based in Pittsburgh, RedZone uses robots and software tools to provide inspection, data collection and asset management services primarily for wastewater pipeline systems.
2 min read · 12 June 2018
Highland Capital Management has launched the Highland Flexible Income UCITS Fund, a fund focused on collateralized loan obligation debt. No financial terms were disclosed. Bury Street Capital will serve as the distributor of the UCITS fund.
3 min read · 11 June 2018
Specialty finance company Hercules Capital Inc has launched the Hercules Capital SaaS Finance division. This new unit will focus on serving fast-growing SaaS companies. Steve Kuo, Catherine Jhung and Thomas Harris will lead this new group.
3 min read · 11 June 2018
Ironhorse Funding, a specialty lender to motorcycle/powersports dealerships and finance companies, has secured $30 million in funding. The backer was Crestline Investors Inc. The capital will be used to provide alternative financing solutions for consumers in the motorcycle and powersports market.
2 min read · 06 June 2018
Great Rock Capital has provided a $25 million loan to Zacky & Sons Poultry, a grower, processor, and distributor of poultry products. GemCap Solutions also participated in the financing. The capital will be used to refinance Zacky & Sons' existing debt and fund capital expenditures to expand its production facilities.
2 min read · 06 June 2018
AloStar Capital Finance has provided a $50 million credit facility for KCAP, a publicly traded business development company. The capital will be used to expand KCAP's portfolio and grow its investment appreciation.
2 min read · 06 June 2018
Twin Brook, the middle market direct lending arm of Angelo Gordon, has provided financing to back Beecken Petty O'Keefe & Company's recapitalization of Cranial Technologies Inc, according to a source familiar with the transaction. No financial terms were disclosed. Based in Tempe, Arizona, Cranial Technologies treats positional plagiocephaly in infants three to 18 months of age. BPOC acquired Cranial Technologies in May 2017.
1 min read · 05 June 2018
