Private Equity
Hunt Real Estate Capital has provided a $55.24 million loan to finance the acquisition of Hyde Park at Wells Branch, an apartment complex in Austin, Texas. The borrower is a joint venture that includes Joe Lubeck, CEO of American Landmark, as the managing partner and Christine DeFilippis as chief financial officer.
2 min read · 03 July 2019
Twin Brook Capital Partners, the middle-market direct lending arm of Angelo Gordon, served as administrative agent on financing to support AEA Investors’ buyout of Allied Power Group, a provider of maintenance solutions for industrial gas turbines and related turbomachinery, according to a source familiar with the transaction. No financial terms were disclosed.
1 min read · 02 July 2019
Kabbage Inc said July 2 that it closed a $200 million loan. An unnamed subsidiary of a life insurance company provided the loan, which was managed and administered by 20 Gates Management and Atalaya Capital Management. Kabbage is an online lending platform.
2 min read · 02 July 2019
Cleveland-based Sweeping Corporation of America, a self-performing power sweeping company, has secured a $106 million credit facility. PineBridge was the sold lead arranger and administrative agent for the facility. The capital will be used for acquisitions and growth. SCA is a portfolio company of Soundcore Capital Partners.
2 min read · 01 July 2019
LBC Credit Partners is seeking to raise $1 billion for its fifth fund, according to an SEC filing. LBC is a provider of middle-market financing solutions.
1 min read · 28 June 2019
Wunder Capital has entered into a $200 million loan purchase agreement with Fundamental Advisors. The capital will be used to develop and construct commercial and industrial scale solar energy projects throughout the U.S.
3 min read · 28 June 2019
Blackstone's credit platform GSO Capital Partners has named Dan Oneglia as a senior managing director and co-head of its distressed investing business. Previously, Oneglia worked at Goldman Sachs.
2 min read · 26 June 2019
Solar Capital Partners has named Eric Herr and Eduard Shagas as partners. Herr will lead investment origination across SCP's multi-credit strategy platform while Shagas will also serve as a senior underwriter. Previously, Herr worked at NewStar Financial where he served as a managing director of loan originations while Shagas was a principal at H.I.G. Capital credit affiliate WhiteHorse Capital LLC.
2 min read · 26 June 2019
Apollo Global Management offered to buy $100 million of a $380 million tranche tied to the retail side of the firm's buyout of Smart & Final, Bloomberg reported. The move spared its lenders, including Deutsche Bank, from having swallow big losses, the story said.
1 min read · 26 June 2019
After struggling to offload two risky loans, Deutsche Bank is struggling with multi-million dollar losses within its U.S. investment banking unit, the Financial Times reported. Deutsche Bank agreed to underwrite two loans for PE clients including one to fund the buyout of Smart & Final by Apollo Global Management and the other to back the spinout of Evonik, a German specialty chemicals maker, the story said. Deutsche Bank took a loss on a $340 million loan to Smart & Final after investors refused to buy the debt under original terms offered. The bigger 1.5 billion euro buyout of Evonik by Advent International also faced a lukewarm reception from investors and eventually priced at a discount of 95 cents on the dollar, the FT said.
1 min read · 26 June 2019
