Private Equity
Middle-market lender TCF Capital Funding has provided secured financing to back Superior Capital Partners and Rostra Precision Controls' acquisition of Jacksonville, Florida-based Auer Automotive, a provider of halogen fog light kits, LED fog light kits, LED daytime running light kits and exterior accessory kits for Scion and Toyota vehicles. No financial terms were disclosed.
3 min read · 08 February 2018
Comerica Inc has provided a $60 million credit facility to Sweeping Corporation of America, a portfolio company of Soundcore Capital Partners. The capital infusion will be used for add-on acquisitions and growth initiatives. Kirkland & Ellis LLP served as legal counsel for SCA on the transaction. Based in Cleveland, SCA is a power sweeping company.
2 min read · 08 February 2018
NXT Capital has provided a senior credit facility to back Sunny Sky Products' acquisition of DWS. No financial terms were disclosed. South Burlington, Vermont-based DWS is a specialty beverage company. Sunny Sky Products is a portfolio company of Seidler Equity Partners.
2 min read · 07 February 2018
Monroe Capital has provided a $45 million senior credit facility to an unidentified technology maintenance company. The capital infusion will be used to refinance the company's existing debt facility and support its future growth. Based in the U.S., the company is a provider of maintenance services to financial institutions and retailers in North America.
2 min read · 06 February 2018
ING Capital provided a $231.1 million senior loan to support Starwood Capital's acquisition of downtown Chicago-based office tower One South Dearborn. Also, Deutsche Asset Management provided a $62.5 mezzanine loan to back the acquisition.
3 min read · 05 February 2018
ZPower, a provider of rechargeable microbatteries, has secured a $25 million growth loan from MidCap Financial and Apollo Investment Corporation. Mooreland Partners advised ZPower on the transaction.
3 min read · 01 February 2018
Integrated Asset Management Corp (IAM) has provided an $8 million senior loan to Blackstone Industrial Services, a Sherwood Park, Alberta-based equipment service firm focused on critical infrastructure for food production, oil and gas, petrochemicals and the infrastructure industry. The capital infusion will be used to acquire Nuovo Parts, a Surrey, British Columbia-based specialty Italian parts reseller in North America. Based in Toronto, IAM is an alternative asset management firm that invests in real estate and private debt.
2 min read · 01 February 2018
Atlas Sand Company, a frac sand reserve holder in West Texas, has secured a $150 million credit facility from BlackGold Capital Management LP. The capital will be used to fund a portion of the ongoing construction of Atlas' Kermit and Monahans frac sand plants and for general company purposes.
3 min read · 01 February 2018
Capitala Group has invested $15 million in debt and equity in US Bath Group LLC. Based in Fairland, Indiana, US Bath Group is a provider of custom bathroom products.
1 min read · 30 January 2018
Aflac has increased its minority equity stake in middle-market financing provider NXT Capital for about $75 million. Also, Aflac Global Investments, Aflac's asset management subsidiary, has committed to fund a portfolio of up to $2 billion commercial real estate loans in the U.S. These transactions are part of a partnership formed nearly a year ago between Aflac and NXT to manage a portfolio of mid-market corporate loans.
4 min read · 30 January 2018
