MC Capital

The investment will fund Yeong Guan Energy Technology Group’s machinery expansion as well as its new manufacturing facility in Li Yang City.

How strong are the leveraged loan markets? In the past year, KPS Capital Partners and other investors has received more than $300 million in cash distributions from portfolio company HHI Group Holdings. The latest payout came today when the PE firm announced HHI had completed a $425 million recap http://www.kpsfund.com/newsandpressreleases/HHI%20Recap%203%20MassBlast.htm The debt package included a $100 million credit facility and $325 million term loan. HHI used the proceeds to fund a $100 million cash payout to stockholders http://www.kpsfund.com/newsandpressreleases/HHI%20Recap%203%20MassBlast.htm to refinance debt and to fund its continued growth.

Chinese cleantech company THT Heat Transfer Technology has raised $14.3 million in financing, in a deal that gave the company a pre-money valuation of $51.2 million. Infinity Group led the round with $9 million. MC Capital and other investors also contributed. THT is based in in Siping City, Jilin Province, China. The company designs and manufactures heat exchangers, which are used to improve energy efficiency. With the latest financing, THT will invest in a new air-cooled heat exchanger factory, and in new pressing machines for nuclear power plant products.

HHI Group Holdings, a maker of forged parts for power train and wheel-end applications, has raised $300 million in new financing for a recapitalization. The deal includes a $100 million revolving credit facility and a $200 million term loan. Proceeds will be used to refinance existing debt and to fund a $150 million distribution to shareholders like KPS Capital Partners and MC Capital.

Random Ramblings

Random Ramblings

Random Ramblings

Random Ramblings