H.I.G. Capital completed its acquisition of Pixelle Specialty Solutions Holding. Headquartered in Spring Grove, PA, Pixelle is a provider of fiber-based specialty solutions in North America. Pixelle owns and operates four specialty paper mills.
Daniel Forman joined Ropes & Gray as a partner in the firm’s capital markets practice. Forman‘s arrival deepens the firm’s bench of partners who advise corporate issuers, private equity firms and investment banks on securities work.
The U.S. Bankruptcy Court for the District of Delaware confirmed Mallinckrodt’s plan of reorganization, paving the way for the company to begin the next stage in its reorganization process.
Jennifer Harris joined Ropes & Gray as a partner in the firm’s global capital solutions and private credit group, which advises clients in complex debt and equity transactions, including bespoke financing and distressed credit situations.
Franklin BSP Lending and Franklin BSP Capital, business development companies advised by affiliates of Benefit Street Partners, acquired substantially all of the equity interests of Encina Equipment Finance.
Northleaf Capital Partners and AVALT acquired AMAROK, a provider of contracted perimeter security infrastructure solutions in the United States. Golub Capital provided debt financing for the transaction.
McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.
JPMorgan’s strategic situations division led a $30 million revolving credit facility and a new $370 million first lien term loan for Healogics, a provider of wound care. Healogics also secured $240 million in equity investments.
Platinum Equity entered into a definitive agreement to acquire Cabinetworks from American Industrial Partners, GIC and other equity holders. BofA Securities will lead debt financing to support the acquisition.
Annaly Capital Management entered into a definitive agreement to sell its commercial real estate business to Slate Asset Management, a global investment and asset management firm focused on real estate. The transaction is valued at $2.33.