Sycamore Partners, KKR, Blackstone Credit and other first lien term lenders delivered $225 million in new capital for Belk in the company’s restructuring support agreement.
CIT’s healthcare finance group arranged a $75 million senior secured asset-based credit facility for One Call Corporation, a Jacksonville, FL-based service provider to the workers’ compensation industry.
Callodine Group agreed to acquire Gordon Brothers Finance Company. As a result, Gordon Brothers Finance Company changed its name to Callodine Commercial Finance. The acquisition is being funded in part by financing from KKR, East Asset Management and Axar Capital Management.
Through its global direct lending platform, Ares Management is serving as the lead arranger for a £1.875 billion ($2.34 billion) financing commitment to The Ardonagh Group, an independent insurance broker.
Coty signed a definitive agreement with KKR as part of a transformation that will deleverage Coty’s balance sheet, streamline its operations and strengthen its leadership team. KKR is investing $1 billion directly into Coty through the issuance of convertible preferred shares.
An affiliate of KKR signed a $170 million term loan agreement with Aimmune Therapeutics, a biopharmaceutical company developing treatments for potentially life-threatening food allergies.
Matthew Kretzman joined H.I.G. Capital’s New York office as managing director responsible for capital markets and execution across the North American private equity portfolio.
SMART Global Holdings acquired Penguin Computing, a privately held company specializing in compute and storage solutions targeting applications in artificial intelligence, machine learning and high-performance computing.
The Ares Management Credit Group closed 49 transactions during Q1/18 closed which totaled approximately $3.0 billion in commitments.