Tag Archives: Kirkland & Ellis

TEAM Refinances Capital Structure with Corre Management Partners and Eclipse Business Capital

TEAM, a provider of specialty industrial services, secured committed financing from Corre Management Partners and Eclipse Business Capital, with Corre providing a $57.5 million senior secured first lien term loan and Eclipse providing a $27.4 million term loan.

Fortress Management and Mubadala to Acquire Fortress Investment Group

Fortress Investment Group and Mubadala Investment Company, through its wholly-owned asset management subsidiary, Mubadala Capital, entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group, who have been the owners of Fortress since 2017.

Ares, Amwins and Flexpoint Ford Provide $250MM Equity Financing for SageSure

SageSure, an independent managing general underwriter focused on providing catastrophe-exposed property insurance, closed a $250 million equity investment led by Amwins and Flexpoint Ford, with participation from Ares Management.

Sixth Street Delivers $240MM in DIP Financing to Support Bed Bath & Beyond’s Chapter 11 Filing

Bed Bath & Beyond filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. Sixth Street Specialty Lending is providing $240 million in debtor-in-possession financing to facilitate the process.

QualTek Services Appoints Turner of Alvarez & Marsal as Chief Restructuring Officer

QualTek Services closed a money incremental term loan providing $55 million in immediately available funds under its existing term loan credit agreement. The company appointed Cari Turner of Alvarez & Marsal as chief restructuring officer to support QualTek’s management team and the board of directors.