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.
Barings served as lead agent on a senior secured credit facility to support Sentinel Capital Partners’ acquisition of Nekoosa.
Barings served as joint lead arranger and joint lead bookrunner for a senior secured credit facility to support Francisco Partners in its acquisition of Comodo CA from parent Comodo Group.
Barings served as a joint lead arranger on a senior secured credit facility to support New Mountain Capital’s acquisition of DRB Systems.
Asset management firm Barings served as joint lead arranger on a senior secured credit facility to support GTCR’s acquisition of a majority stake in Simpli.fi.
Barings served as agent, sole lead arranger and sole bookrunner in a senior secured credit facility supporting Sentinel Capital Partners’ recap of portfolio company Total Military Management.