WhiteOak Refi and SunTx Investment Support Ranger Buy
Ranger Offshore refinanced its existing facility with White Oak Global Advisors, and announced that its equity sponsor, SunTx Capital Partners, invested additional capital into the business.
Ranger Offshore refinanced its existing facility with White Oak Global Advisors, and announced that its equity sponsor, SunTx Capital Partners, invested additional capital into the business.
GE Capital’s Telecom, Media and Technology financing business served as administrative agent on a $310 million facility to support Vista Equity’s acquisition of NAVEX Global.
According to a survey by KPMG, merger and acquisition activity is reemerging as a leading growth strategy among U.S. organizations for 2015.
TierPoint completed its acquisition of Xand from an affiliate of ABRY Partners. RBC Capital Markets and Credit Suisse will be providing debt financing for the transaction.
Accella Performance Materials announced the sale of specialty assets to PolyOne. The Valence Group acted as financial advisor and DLA Piper acted as legal advisor to Accella.
Audax Group said it acquired Checkers Industrial Safety Products from Tonka Bay Equity Partners. Madison Capital Funding and GMB Mezzanine provided financing for the transaction.
Tiptree Financial entered into an agreement with Reliance First Capital and Reliance equityholders to acquire all of the equity interests of Reliance for a combination of cash and Class A common stock of Tiptree.
Praesidian Capital Europe announced it provided first lien debt to support the acquisition of Helideck Certification Agency by a group of private investors.
Stifel Financial announced that it has entered into an agreement to acquire Merchant Capital. Closing is expected to be in December 2014.
Nellson Nutraceutical entered into a definitive agreement to acquire Le Groupe Multibar. GE Capital and Metropolitan Life Insurance Company have provided committed credit facilities sufficient to close the transaction.