Private Equity
Kindred Biosciences, a biopharmaceutical company focused on pets, has secured a $50 million debt facility from Solar Capital Partners LLC</strong. Cantor Fitzgerald & Co acted as sole lead arranger and financial adviser to KindredBio on this transaction.
3 min read · 02 October 2019
Churchill Asset Management LLC has named Joe Cambareri as managing director and chief accounting officer. His appointment begins September 23, 2019. Prior to joining Churchill, Cambareri was chief financial officer at Credit Value Partners.
2 min read · 01 October 2019
Tecum Capital Partners provided subordinated debt and equity to back JPB Partners's acquisition of The Helpful Hardware Co., an Ace Hardware franchise. Existing Chief Executive Officer Darin Workman will stay with the company and retain a minority stake. Financial terms of the deal were not disclosed.
3 min read · 01 October 2019
Midcap Financial has acquired substantially all of PNC Bank's franchise finance loan portfolio. No financial terms were disclosed. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc.
2 min read · 01 October 2019
LBC Credit Partners-affiliate LBC Small Cap provided unitranche credit and an equity co-investment to back Susquehanna Private Capital's buy of McNally Industries. McNally makes precision systems for the defense and industrial markets.
2 min read · 01 October 2019
Scout Clean Energy LLC, a portfolio company of Quinbrook Infrastructure Partners, has secured $255 million in construction financing for a Texas wind project. The financing is being provided by a lender consortium that includes KeyBank and Rabo Bank.
3 min read · 26 September 2019
Golub Capital has expanded its sponsor coverage team with two new appointments. Josh Haldi and Michael Nebel have been named directors of the firm's middle-market lending team.
2 min read · 26 September 2019
Espresso Capital has provided a $5 million debt facility to Vidrio Financial. The capital infusion will be used for growth and to build the company's sales and marketing efforts. New York-based Vidrio Financial is a financial technology platform for allocators to external managers.
2 min read · 26 September 2019
Monroe Capital has provided a senior credit facility to back Lovell Minnick Partners' investment in Inside Real Estate. No financial terms were disclosed. Salt Lake City-based Inside Real Estate is a SaaS platform serving the residential real estate market.
2 min read · 26 September 2019
ForwardLine Financial, a direct lender of small-business loans, has raised $20 million in funding. The backers were Five Oceans Capital and Marsico Enterprises. ForwardLine is backed by The Vistria Group.
2 min read · 26 September 2019
