Women-owned private credit and structured equity firm Avante Capital Partners completed a unitranche debt investment in Power Digital to support a portfolio company’s refinancing by Periscope Equity, a Chicago-based private equity firm focused on technology sectors.
Mercantile Bank provided debt financing and Muzinich & Co. provided debt and equity financing to support Blackford Capital’s investment in Aqua-Leisure Industries, a developer of water sport leisure products and aquatic goods.
Morgan Stanley Private Credit served as co-lead arranger on junior capital securities for Caltius Equity Partners’ portfolio company, Talent Systems, to refinance existing debt and support the company’s acquisition of Spotlight Unlimited.
TCF National Bank and Patriot Capital provided financing to Naprotek in connection with the company’s acquisition by Edgewater Capital Partners. FocalPoint Partners served as financial advisor to Edgewater.
TradeCap Partners facilitated the closing of a $1.2 million purchase order finance facility for an importer of household products based in Oregon. TradeCap was introduced by the company’s financial advisor.
Morgan Stanley Senior Funding led debt financing to support the close of E.W. Scripps Company’s acquisition of ION Media Networks. In addition, BofA Securities, Truist Securities, J.P. Morgan and Wells Fargo acted as joint book runners on the debt financing.