Private Equity
Capital One has provided a credit facility to back Cove Hill Partners' acquisition of LiveAuctioneers, an online live-auction marketplace for fine and decorative art, antiques, jewelry and vintage collectibles. No financial terms were disclosed. Capital One was administrative agent on the financing.
2 min read · 17 July 2019
Parsippany, New Jersey-based MRA Capital Partners, hybrid private equity real estate firm, has launched its Lighthouse Fund. The fund will provide private debt loans for commercial and residential developers builders and real estate investors. MRA is seeking to raise $50 million for its first round.
2 min read · 17 July 2019
Barings has provided a senior credit facility to Telemos Capital's investment in Sanoptis, a European ophthalmology services group. No financial terms were disclosed.
2 min read · 17 July 2019
Abacus Finance Group, a direct lender to lower-middle market companies, has promoted Eric Petersen to director. Also, the firm has hired Jacob Wise as an analyst.
3 min read · 16 July 2019
Bain Capital Credit has led a $160 million credit facility to support Trive Capital's recapitalization of AEVEX Aerospace. Based in Solana Beach, California, AEVEX is a provider of airborne intelligence solutions for the global intelligence community.
2 min read · 15 July 2019
Texas and Canada-based Aqua Terra Water Management LP, an oilfield water management and logistics company, has secured up to $100 million in debt financing. ATB Financial served as lead arranger and administrative agent on the financing. Aqua Terra is a portfolio company of Bregal Partners.
3 min read · 15 July 2019
People's United Bank has provided an $80 million loan to Toronto-based Invesque, a healthcare real estate company. The capital will be used to refinance existing debt associated with four senior living facilities in Eastern Pennsylvania and Southern New Jersey. These properties are owned via a joint venture between Invesque and Heritage Senior Living, a developer and property manager for senior housing communities in the Mid-Atlantic region of the U.S. People's United Bank was lead arranger and administrative agent on the financing.
3 min read · 12 July 2019
Flat Rock Capital, a private credit fund, has made investments in four companies: North Billerica, Massachusetts-based Potpourri, a provider of bedding, apparel and related accessories: Egg Harbor Township, New Jersey-based Spencer Spirit, a specialty retailer; Jacksonville, Florida-based Coastal Construction Products, a distributor of waterproofing products; and San Diego-based Diversified Risk Holdings, a managing general underwriter.
2 min read · 12 July 2019
The Carlyle Group has closed its debut credit opportunities fund at $2.4 billion. Carlyle Credit Opportunities Fund invests in directly originated private capital solutions primarily for upper middle-market borrowers.
3 min read · 11 July 2019
Monroe Capital LLC has provided a senior credit facility to support Equity Group Investments’ partnership with Lanter Delivery Systems. No financial terms were disclosed. Madison, Illinois-based Lanter is a provider of overnight unattended delivery service of time-sensitive parts for major auto, agriculture and heavy-duty truck original equipment manufacturers and industrial supply and equipment distributors.
2 min read · 11 July 2019
