Private Equity
Charlotte, North Carolina-based Stratifyd, a customer analytics company, has secured $10 million in debt financing from CIBC Innovation Banking. The capital infusion will be used for growth.
2 min read · 06 August 2019
Barings and Ardian Private Debt have provided a senior credit facility to back Macquarie's acquisition of UK-baesd Premier Technical Services Group, a health and safety services company. No financial terms were disclosed.
2 min read · 05 August 2019
Carlyle Group is winding down a $4 billion energy credit business after the exit of its two co-heads, Bloomberg reported. The departures of David Albert and Rahul Culas triggered a key man event on Carlyle Energy Mezzanine Opportunities Fund II, the story said. The unit’s remaining team will discontinue investing from the $2.8 billion pool, Bloomberg said.
1 min read · 31 July 2019
Churchill Asset Management LLC has named Jessica Nels as a principal in the capital markets and the syndication team. Prior to joining Churchill, Nels was a director at Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo, Gordon & Co.
3 min read · 29 July 2019
Medley Capital Corp said July 29 that it is merging with Sierra Income Corp, which is buying Medley Management Inc. Sierra will emerge as the surviving entity. The combined company, which will have about $4.7 billion of assets under management, is expected to be the third largest internally managed BDC and the 13th largest publicly traded BDC by assets.
10 min read · 29 July 2019
Z Capital Credit Partners, Z Capital‘s credit fund management arm, has closed its third collateralized loan obligation at $327.35 million. As a result of this closing, ZCCP's is now managing about $1.1 billion in total CLO assets.
2 min read · 25 July 2019
Monroe Capital LLC has provided a senior credit facility to back Insight Partners' acquisition of Boston-based Recorded Future, a cybersecurity firm. No financial terms were disclosed.
2 min read · 23 July 2019
Golub Capital has provided a $950 million loan to back E2open's acquisition of East Rutherford, New Jersey-based Amber Road, a software company. Golub Capital was the sole lead arranger and administrative agent on the financing. E2open is a portfolio company of Insight Partners.
3 min read · 18 July 2019
TCF Middle Market has provided financing to Hamel, Minnesota-based Medina Electric, an electrical contractor. No financial terms were disclosed.
2 min read · 18 July 2019
Hercules Capital, a specialty finance firm, has named Scott Bluestein as CEO and president. His appointment is effective immediately. Bluestein has been Hercules' interim CEO since March 2019 and chief investment officer since 2014.
3 min read · 18 July 2019
