New Content Archives - Page 15 of 19

Flexible Funding: Keys to Successful Partnerships Between Senior and Junior Lenders

Senior and junior debt providers frequently work together within a borrower’s capital structure, so a harmonious relationship between the lending parties is the key to a beneficial outcome. Jeri Harman of Avante Capital Partners and Alan Chen and Kate Jenks of Caltius Structured Capital provide a refresher course on the difference between the two types of lending and important considerations to ensure a successful partnership. They also share their thoughts on how the COVID-19 pandemic has shifted the market and the outlook for junior debt providers.

Audax Private Debt Agents Second Lien Credit Facility for Innovetive Petcare

Audax Private Debt acted as agent and sole lead arranger on a second lien credit facility to support add-on acquisitions and refinancing for Metalmark Capital’s portfolio company, Innovetive Petcare.

December 18, 2020 Audax Private Debt | Howard Hodden | Innovetive Petcare | Metalmark Capital | Shehzad Ajmal Phil Neuffer

HCAP Partners Exits Investment in Mission Healthcare

HCAP Partners, a California-based private equity firm and impact investor, exited its investment in Mission Healthcare, a home health and hospice services provider headquartered in San Diego.

December 17, 2020 HCAP Partners | Mission Healthcare | Nicolas Lopez | Paul Ver Hoeve II | The Vistria Group Phil Neuffer

Avante Capital Promotes Kim to VP, Hires Sassoon and Ignacio

Private credit and equity fund Avante Capital Partners promoted Amanda Kim to vice president of the firm. Prior to joining Avante in 2016, Kim served four years in Goldman Sachs’ investment management division.

Owl Rock, Goldman Sachs and Others Finance Thoma Bravo’s Acquisition of AxiomSL

Owl Rock Capital, Goldman Sachs’ merchant banking division, PSP Investments Credit and Harvest Partners provided financing for private equity firm Thoma Bravo’s acquisition of AxiomSL, a provider of cloud-enabled risk management and regulatory solutions.

Westlake Secures $160MM in Capital From PNC and Carlyle for Zippy Shell

Middle market investment bank Westlake Securities secured $160 million of committed senior and junior capital, in aggregate, from PNC Bank and The Carlyle Group’s global credit platform for Zippy Shell.

Arrowroot and Runway Provide FiscalNote with $160MM

Arrowroot Capital and Runway Growth Capital provided $160 million in growth capital and debt financing to FiscalNote, a global technology company providing software and political intelligence around legislative and regulatory risk.

Jacobs To Acquire Majority Stake in PA Consulting, Provide $975MM in Debt Financing

Jacobs is acquiring a 65% stake in PA Consulting and also providing debt financing in the form of a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to fund future growth.

Baird Advises Dimora Brands in TJC’s Sale of the Company to Clearlake Capital Group

New York-based private equity firm The Jordan Company agreed to sell Dallas-based Dimora Brands, a provider of branded specialty hardware and home accessories, to Clearlake Capital Group. Baird served as financial advisor to Dimora.

November 30, 2020 Clearlake Capital Group | Dimora Brands | Greg Gottlieb | Mike Denvir | The Jordan Company Ellie Delany

Post Road Group Delivers $20MM Credit Facility to Digerati Technologies

Digerati Technologies’ operating subsidiary, T3 Communications, closed a $20 million senior secured credit facility with Connecticut-based Post Road Group. The facility enables continued expansion of Digerati’s U.S. operations through organic growth efforts and targeted acquisitions.

November 25, 2020 Andrew Runk | Arthur L. Smith | Digerati Technologies | Post Road Group | T3 Communications Phil Neuffer

Category: New Content