Onex Corporation acquired Falcon Investment Advisors, a U.S. private credit manager. The combined platform will merge Falcon’s specialized private credit investing with the investment and origination capabilities of Onex Credit and the broader Onex franchise.
Oaktree Specialty Lending and Oaktree Strategic Income are merging, with Oaktree Specialty Lending as the surviving company. Oaktree Fund Advisors waived a total of $6 million of management fees for two years following closing in support of the merger.
Portman Ridge Finance and Garrison Capital have merged. The combined company will be externally managed by Sierra Crest Investment Management.
Garrison Capital and Portman Ridge Finance entered into a definitive agreement under which Garrison Capital will merge with and into Portman Ridge Finance, which is a business development company managed by Sierra Crest Investment Management.
Rotech Healthcare announced that it completed its financial restructuring and has emerged from Chapter 11. Proskauer Rose serves as legal advisor, Barclays as financial advisor and AlixPartners as restructuring advisor.