Daily News: January 30, 2013

MCG Closes $23.7MM Investment in Oceans Healthcare


MCG Capital Corporation announced the closing of a $23.7 million investment in Oceans Acquisition. MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit.

Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services. MCG’s investment is made in conjunction with the acquisition of Oceans Healthcare by General Catalyst Partners, a venture capital and growth equity firm with $2.2 billion under management. General Catalyst invests in both early and growth stage companies.

MCG Capital Corporation is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies.