Private Equity
Hercules Capital Inc has increased its credit facility with MUFG Union Bank N.A. to $100 million. The capital will be used to support portfolio growth.
2 min read · 04 June 2018
Barings has provided credit facilities to back Francisco Partners' acquisition of Discovery Education Inc. No financial terms were disclosed. Discovery Education is a provider of digital content, video streaming and professional development for K-12 classrooms.
3 min read · 31 May 2018
Tecum Capital Partners has made an undisclosed investment to back Fireman Capital Partners' acquisition of Austin, Texas-based Bandon Holdings, an Anytime Fitness franchisee. No financial terms were disclosed. Also, Tecum has beefed up its team with the addition of Dan Drew as a new analyst.
1 min read · 30 May 2018
Actis has invested $220 million in Profectus Capital, an Indian non-banking financial company platform. The platform will focus on providing lending to Indian small and medium-sized businesses.
3 min read · 30 May 2018
LBC Credit Partners provided $41 million in loans to back Hidden Harbor Capital Partners' acquisition of the aftermarket division of Cloyes Gear & Products Inc. LBC was agent and sole lead arranger for the financing. Based in Fort Smith, Arkansas, Cloyes is a maker of timing drive systems and components for replacement applications in the automotive aftermarket and high-performance racing segment.
2 min read · 30 May 2018
Capital Dynamics, an asset manager, has named Matthew Bandini, Jonathan Barokas and Bryan Chen to its private credit team. The appointments are effective immediately. Bandini is joining as a senior director while Barokas and Chen will be senior associates.
3 min read · 30 May 2018
Melbourne, Florida-based Nxt-ID Inc, a provider of mobile security solutions, has secured a $16 million loan from Sagard Credit Partners LP. The capital will be used to refinance Nxt-ID's current loan as well as provide working capital and funds for future capital expenditures.
3 min read · 29 May 2018
Waterfall Asset Management has agreed to provide a loan of 100 million pounds to Future Finance. With offices in Chicago, Dublin and London, Future Finance is a private student lender.
2 min read · 24 May 2018
Hercules Capital has agreed to provide debt financing of up to $40 million to TransEnterix Inc, a medical device company. Armentum Partners was financial adviser to TransEnterix on the transaction.
3 min read · 24 May 2018
Abacus Finance Group LLC has provided $22 million in credit facilities to back River Associates Investments' buyout of North Hollywood, California-based GAHH LLC, a maker of aftermarket convertible tops, Jeep tops, seat covers and vehicle interiors. Abacus was the administrative agent and lead arranger for the financing. Goulston & Storrs PC provided legal advice to Abacus on the transaction.
3 min read · 24 May 2018
