An investment affiliate of private equity firm J.F. Lehman & Company acquired Mission Microwave Technologies, a provider of solid-state power amplifiers and block upconverters to the satellite communications market. Barings led debt financing in support of the transaction.
Barings, an investment manager, served as lead agent for a senior secured facility to support private investment firm Ethos Capital’s investment in Newforma.
Rocade launched as a specialty finance company focused on litigation finance with a long-term investment approach, in partnership with Barings, an investment manager.
Barings served as the lead agent and arranger on a senior secured credit facility to support a Peak Rock Capital affiliate’s acquisition of Amtech Software, a provider of manufacturing ERP software and technology services for the packaging and other manufacturing industries.
Tritium, a developer and manufacturer of direct current charging technology for electric vehicles, entered into a $90 million debt facility with Cigna Investments and Barings. Tritium plans to use the proceeds from the facility to refinance prior financings and other company debt.
Encina Business Credit announced a recapitalization and an expanded capital base provided by affiliated funds of Barings along with participation from Encina management. In conjunction with the recapitalization, Encina changed its name to Eclipse Business Capital.
Barings has formed the Barings Mubadala Enterprise, an evergreen origination platform seeking to provide financing solutions to European middle-market businesses which aims. The platform aims to provide $3.5 billion in financing over the next 18 months.
Barings BDC and MVC Capital entered into a definitive merger agreement. The combined company, which will remain externally managed by Barings, is expected to have more than $1.2 billion of investments on a pro forma basis.
Financial services firm Barings served as agent, lead arranger and sole bookrunner on a senior secured credit facility to support ATL Partners’ acquisition of a majority stake in Rock-It Cargo.
Financial service firm Barings acted as the sole agent and lead arranger on first lien senior credit facilities to support Liberty Hall Capital Partners’ refinancing of the existing debt of its portfolio company, AIM Aerospace.