Corlex Capital, a minority-owned private equity and consulting firm, served as exclusive debt advisor on a senior secured credit facility to refinance and provide growth capital for Bandon Holdings, a franchisee of Anytime Fitness.
Tree Line Capital Partners, a direct lender focused on the lower middle market, served as lead arranger for a unitranche credit facility to support Turn/River Capital’s formation of PairSoft through the merger of PaperSave and Paramount WorkPlace.
HCAP Partners provided a mezzanine debt infusion to restructure existing debt, provide share redemption for a small group of existing investors and provide supplemental growth capital for 83bar, an Austin, TX-based provider of management solutions for clinical trials.
Talent Systems, a portfolio company of Caltius Equity Partners, acquired Spotlight, a casting platform company for TV, film, commercial and theater productions in the United Kingdom.
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.
Alternative investment firm H.I.G Capital promoted Keval Patel to head of U.S. middle market LBO funds, Adam Schimel to co-head of H.I.G’s Bayside Capital special situations and distressed debt strategy, Ricky Stokes to head of U.S. lower middle market funds and Jeff Zanarini to head of business development for all U.S. private equity funds.
Audax Private Debt was the sole investor in a mezzanine financing supporting Incline Equity Partners’ acquisition of Jon-Don.
Sixth Street closed its second fund dedicated to direct lending for middle market and growth companies across Europe. Sixth Street Specialty Lending Europe II (SLE II) reached its hard cap with €1 billion ($1.23 billion) in equity commitments.