News

TPG Twin Brook served as administrative agent on debt financing to support Point C’s add-on acquisition of Aspirant, backed by Shore Capital Partners.

Nassau Financial Group, a provider of fixed annuities and asset management, and Golub Capital, a direct lender and credit asset manager, signed a definitive agreement to enter into a strategic partnership.

Gorman-Rupp completed a series of transactions to refinance its debt, reduce interest expense and extend and stagger the company’s debt maturities. JPMorgan Chase Bank acted as administrative agent and collateral agent in connection with the refinancing.

Great Rock Capital recently upsized its investment-grade corporate note financing. Brean Capital served as the exclusive financial advisor and sole placement agent in connection with the transaction.

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of CargoBarn by Sheer Logistics, an existing portfolio company of Woodlawn Partners.

American Express issued its third Amex Trendex: Small Business Edition, which found that even as small business owners surveyed face continued economic uncertainty, their personal drive and long-term aspirations are buoying their optimism.

According to Turning Rock Partners, stocks and bonds rallied hard last week after seeing April’s inflation data as somewhat positive news that support possible rate cuts later this year.

Grant Thornton and New Mountain Capital closed a significant growth investment in Grant Thornton that will accelerate the firm’s business strategy. CDPQ and OA Private Capital made minority investments in Grant Thornton alongside New Mountain Capital.

LaVie Care Centers, an operator of 43 licensed skilled nursing facilities in five states, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Georgia.

CVC Credit, the $43 billion global credit management business of CVC, has successfully priced Apidos XLVIII (48), a new $500 million (€460 million) collateralized loan obligation (CLO). Barclays served as lead arranger for this CLO.