Tufin completed its acquisition by Turn/River Capital in an all-cash transaction valued at approximately $570 million. Financing for the transaction is being provided by Carlyle Global Credit and Owl Rock Capital pursuant to a senior secured credit facility agented by Carlyle Global Credit.
Wingspire Capital agreed to acquire Liberty Commercial Finance. The acquisition will provide Wingspire Capital with a direct originations platform that has a nationwide market presence in the United States providing equipment finance solutions to middle-market companies.
Owl Rock Capital, Goldman Sachs’ merchant banking division, PSP Investments Credit and Harvest Partners provided financing for private equity firm Thoma Bravo’s acquisition of AxiomSL, a provider of cloud-enabled risk management and regulatory solutions.
Owl Rock Capital Partners, an alternative asset manager, appointed Alexis Maged head of credit and Jeff Walwyn head of non-tech underwriting. Maged and Walwyn will assume their new roles effective immediately.
The shareholders of Owl Rock Capital approved the reduction of the company’s minimum asset coverage ratio to 150% from 200%. The company plans to target a debt to equity range of 0.90x to 1.25x.
Owl Rock Capital hired Jesse Huff, formerly of Oaktree Capital Management, and expanded the role of Nicole Drapkin, managing director at Owl Rock, who together will serve as co-heads of the firm’s opportunistic investing strategy.
Wingspire Capital Holdings has launched as an independent diversified direct lender focused on providing ABL financing and related senior secured loans to U.S.-based middle market borrowers.
Owl Rock Capital provided financing to support Thoma Bravo’s acquisition of business software company ConnectWise. The transaction is expected to close on February 28.
Owl Rock Capital, a direct lending platform, closed a facility with Comerica Bank for a $50 million commitment through the accordion feature in the company’s credit agreement.