Willkie Farr & Gallagher hired Simon Baskerville as a partner in the firm’s business reorganization and restructuring department, based in the firm’s London office. He will serve as a co-chair of the firm’s European restructuring group.
Global Loan Agency Services (GLAS), a portfolio company of Levine Leichtman Capital Partners, signed an agreement to acquire Pristine SAS. Headquartered in London, GLAS is a provider of loan administration, agency and trustee services globally.
World Insurance Associates, an insurance brokerage, and funds advised by Goldman Sachs Asset Management, through its private equity and hybrid capital teams, entered into a definitive agreement through which Goldman Sachs will make “a major investment” in World Insurance Associates.
Man Group entered into an agreement to acquire a controlling interest in Varagon Capital Partners, a middle-market private credit manager with $11.8 billion of assets under management and $15.4 billion of total client commitments.
Citizens Financial Group completed its acquisition of DH Capital, a private investment banking firm serving companies in the internet infrastructure, software and next generation IT services and communications sectors.
Club Car entered into a definitive agreement to acquire Garia, a Denmark-based manufacturer of electric low-speed vehicles for the utility, consumer and golf markets, from Lars Larsen Group. Goldman Sachs is leading the debt financing on the transaction.
Platinum Equity completed its acquisition of Pelican Products, a designer and manufacturer of protective cases and gear for outdoor enthusiasts and supply chain solutions for the healthcare industry. BofA Securities was the lead underwriter for debt financing in support of the transaction.
Funds managed by Oaktree Capital Management, a global investment manager specializing in alternative investments, acquired Velocity Risk Underwriters, a catastrophe-focused property and specialty insurance risk managing general agent.
B. Riley Financial established a receivables business to provide debt monetization solutions and portfolio acquisition services for its clients. In connection with the formation of this new division, B. Riley Financial also purchased a portfolio of performing credit receivables from W.S. Badcock.
Citizens Financial Group entered into a definitive agreement to purchase substantially all of the assets of DH Capital, a private investment banking firm serving companies in the internet infrastructure, software and next generation IT services and communications sectors.