Cyxtera, a data center colocation, interconnection services and digital infrastructure company, entered into an asset purchase agreement under which Brookfield Infrastructure Partners and its institutional partners will acquire substantially all of Cyxtera’s assets for $775 million.
Sunlight Financial Holdings will be acquired by a consortium of established investors in the solar energy industry. As part of the process, Sunlight Financial has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Rite Aid Corporation reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the company to accelerate its ongoing business transformation.
Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, expanded its commercial services investment banking practice with the hiring of Andy Miller and Paul Majeski as senior managing directors.
Instant Brands, a houseware and appliance manufacturer with brands like Pyrex and Instant Pot, received a commitment for an additional $30 million in new term loan financing from its existing lenders, increasing the amount of the company’s term loan credit facility to $162.5 million.
H.I.G. Capital, a global alternative investment firm with $57 billion of capital under management, completed the sale of its portfolio company Riveron to affiliates of Kohlberg & Company. H.I.G. will continue its partnership with Riveron through a minority investment. The sale was first announced in June.
Riveron, a national business advisory firm focused on the office of the CFO, private equity and other capital providers, entered into a definitive agreement to be acquired by affiliates of Kohlberg & Company. H.I.G. Capital will continue its partnership with Riveron through a minority investment.
Cyxtera, a provider of data center colocation and interconnection services, initiated a pre-arranged court-supervised process under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.
Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.
Kapitus, a provider of financing for small and medium sized businesses, closed a $100 million asset-backed securitization and a $30 million investment-grade corporate note financing. These closings bring Kapitus’ total debt facilities to $540 million.