PCF Insurance Services, an insurance brokerage firm, secured a $500 million preferred equity investment in a transaction co-led by Carlyle’s Global Credit platform and private equity firm HGGC, an existing minority investor.
Service Logic was acquired by Leonard Green & Partners from private equity firm Warburg Pincus. Debt financing for the transaction was provided by JPMorgan Chase Bank, Morgan Stanley, Antares Capital and Crescent Capital.
Crescent Capital’s European specialty lending strategy provided unitranche financing to support the acquisition of Spy Alarms by Phoenix Equity Partners. Crescent also provided an acquisition facility to support Spy Alarms’ ongoing buy-and-build strategy.
Crescent Capital’s European specialty lending strategy provided unitranche financing to support the acquisition of NAVTOR by Accel-KKR. Crescent also provided an acquisition facility to further accelerate NAVTOR’s growth through strategic M&A.
Kroll Bond Rating Agency assigned an issuer rating of BBB- with a stable outlook to Crescent Capital, citing the company’s well-established franchise in the middle market lending space.
Crescent Capital Group announced that its Crescent European Specialty Lending strategy completed a unitranche financing to P+L Systems, a UK-based global supplier of durable pest control products.
GTCR announced it acquired Callcredit Information Group in partnership with its management team. GE Capital, HSBC and Lloyds Bank arranged senior financing, while Crescent Capital provided a mezzanine facility.