Private Equity
Great Rock Capital has provided a $40 million credit facility to Mersino Management. Michigan-based Mersino is a provider of pumping and dewatering services.
2 min read · 08 May 2018
Varagon Capital Partners has provided a $50 million credit facility to Durham, North Carolina-based Eco-Site, a wireless tower and infrastructure company. Varagon was the administrative agent and lead arranger on the transaction, which also included previous Eco-Site backer MSouth Equity Partners.
2 min read · 07 May 2018
Monroe Capital has provided a senior credit facility to back RFE Investment Partners' recapitalization of Hastings Manufacturing Company. No financial terms were disclosed. Based in Hastings, Michigan, Hastings is a maker of piston rings for combustion engines.
2 min read · 03 May 2018
Acima Credit has secured a $125 million senior credit facility from Comvest. The capital will be used to pay down existing debt and support growth initiatives. Acima is a provider of "creative" alternatives to traditional consumer lending.
2 min read · 02 May 2018
CarVal Investors has closed its fourth credit fund at $3 billion. CVI Credit Value Fund IV will focus on "portfolios of whole loans coming out of the deleveraging of European banks, U.S. non-performing and re-performing loan portfolios, corporate securities in developed and emerging markets, structured credit securitizations, aviation and other hard assets." The fund's investors include Cargill as well as public and private pension plans, sovereign wealth funds, endowments, foundations, family offices, fund of funds and corporate investors across North America, Europe, Asia and the Middle East.
2 min read · 02 May 2018
NXT Capital provided an $80 million senior credit facility to back Tailwind Capital's acquisition of Abode Health. Based in Durango, Colorado, Abode Healthcare is a provider of hospice and home health services.
2 min read · 02 May 2018
White Oak Healthcare Finance has provided funding to Indianapolis-based Hopebridge LLC, a provider of pediatric, clinic-based, outpatient therapy services to children and adolescents with developmental and behavioral challenges. No financial terms were disclosed. Hopebridge is backed by Baird Capital.
3 min read · 02 May 2018
Abacus Finance Group LLC provided $22.5 million in senior secured credit facilities to support the Thompson Street Capital Partners' buyout of Transnet YX Inc. Abacus also made an equity co-investment in Transnet YX. Based in Memphis, Transnet YX is a molecular diagnostic laboratory providing research animal genotyping services to the pharmaceutical and academic research communities.
3 min read · 02 May 2018
MB Business Capital, an asset-based lending division of MB Financial Bank, provided a credit facility to Chicago-based Zorch International Inc, a maker of branded promotional products. No financial terms were disclosed. Part of the facility was used to support Satori Capital's acquisition of Zorch.
2 min read · 01 May 2018
Commonfund Capital is seeking to raise $150 million for its 2018 private credit fund, according to an SEC filing. The Wilton, Connecticut-based firm invests in small and mid-sized companies in technology, energy, services, natural resources and timber sector.
1 min read · 01 May 2018
