Weil Gotshal & Manges said it is advising American Securities and Presidio Holdings in the sale of Presidio to funds affiliated with Apollo Global Management. The terms of the deal were not disclosed.
Revionics raised growth financing from Goldman Sachs. The funds will be accelerate Revionics’ global market share and expand R&D efforts for the company’s end-to-end merchandise optimization solutions.
Ares Management and GE Capital’s joint venture ESSLP has provided a £187 million (approximately $291.6 million) financing package to fund the acquisition of Open GI by Montagu Private Equity.
The Labor Department reported robust job growth continued in November with the addition of 321,000 new jobs, the highest in a single month since January 2012.
Sundrop Farms said KKR has provided growth capital to the company and its wholly owned subsidiary Sundrop Farms Australia. The proceeds will be used to expand Sundrop Farms’ glasshouse facility in South Australia.
NewStar Financial, GSO Capital Partners and Franklin Square Capital Partners completed the closing of a $200 million initial investment as part of a broader strategic relationship.
According to an SNL Financial report, five banks hold more than 44% of U.S. industry’s assets, a dramatic increase from decades past.
Fitch Ratings assigned BB+/B long- and short-term IDRs to CIT Group, as well as a stable Rating Outlook. However, Fitch notes that the pending OneWest Bank acquisition poses modest integration and execution risks.
Sportsman’s Warehouse announced that it refinanced its senior secured term loan with KKR’s credit business and increased its revolver with Wells Fargo Capital Finance to $135 million.
Corium International closed an expanded term loan facility with CRG. The revised term loan agreement provides an additional $10 million, increasing the aggregate principal loan amount to $45 million.