Private Equity
Capital One has led a $190 million senior secured credit facility to support Stone Point Capital's recapitalization of Situs Holdings, a provider of strategic business and technology solutions for the real estate industry. Capital One was the joint lead arranger and administrative agent for the transaction.
2 min read · 20 March 2018
Monroe Capital LLC said March 20 that its second CLO closed on $456.30 million. Monroe retained a majority of the subordinated notes in the transaction. Deutsche Bank served as the lead manager, structuring agent and bookrunner.
2 min read · 20 March 2018
Angelo Gordon's middle-market direct lending arm Twin Brook Capital Partners has provided $57 million in financing that supported Southfield Capital's recapitalization of Tier One Relocation, according to a source familiar with the transaction. Based in Weirton, West Virginia, Tier One Relocation is a door-to-door household moving services for the military.
1 min read · 19 March 2018
Fundamantal Advisors LP, an alternative asset manager focused on public purpose assets, has acquired a mezzanine loan secured by interests in Tandem Health Care, a skilled nursing and long-term portfolio, for $112 million. The seller was HCP Inc. Sidley Austin LLP provided legal counsel to Fundamental on the transaction. The Tandem portfolio consists of 41 senior care facilities in Florida, Pennsylvania and Virginia.
2 min read · 16 March 2018
PNC Business Credit, PNC Bank's senior secured lending unit, has added three to its team. Joining PNC Business Credit as senior vice president and business development officers are Luke Tripodi and Brian Caldwell. Also, PNC Business Credit has named Jenna Shah as vice president and business development officer.
2 min read · 15 March 2018
Caltius Structured Capital has provided debt and an equity investment in Kent, Washington-based Imagenet, a provider of paper-to-electronic solutions for healthcare companies, retailers and other markets. No financial terms were disclosed. The capital will be used to refinance debt, fund a shareholder dividend and provide growth financing.
2 min read · 14 March 2018
PCX Aerostructures, a provider of flight critical partners and structural assemblies for military and commercial aerospace platforms, has secured a $23 million loan from Great Rock Capital. The capital infusion will be used for growth and product enhancements.
2 min read · 13 March 2018
FinFit Ops LLC has secured a $35 million senior credit facility from Ares Management. Keefe, Bruyette & Woods was the financial adviser on the transaction. FinFit is a financial wellness benefit platform.
4 min read · 12 March 2018
Japan’s SoftBank Group Corp (9984.T) is considering raising around US$5bn of loans though its UK-based tech firm ARM Holdings, banking sources said.
2 min read · 08 March 2018
Irvine, California-based Biolase, a provider of dental lasers, has secured a $6 million revolving line of credit from Bridge Bank, a division of Western Alliance Bank. The financing will be used for working capital.
3 min read · 07 March 2018
