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GE Capital Corporate Finance is providing $110 million in a senior secured credit facility to Energy Alloys LLC, a provider of oil field metals and services. The money will be used for growth efforts and for working capital. Houston-based Energy Alloys provides equipment to oil and gas manufacturers and service companies.
Second round bids for British grocer Iceland Foods are expected early next year, Reuters reported. Private equity groups Bain, BC Partners, Blackstone and TPG all submitted first round bids, as did supermarket groups Asda and Wm Morrison Supermarkets, Reuters wrote.
CVC Asia Pacific and its portfolio company Nine Entertainment TV network have asked for a two-and-a-half-year extension on refinancing $2.6 billion in senior debt, Reuters reported Friday. The Australian company has about 80 lenders, with hedge funds holding between 20% and 40% of the debt.
Braintree, a Chicago-based provider of online payments technology, has announced that Capital One co-founder Nigel Morris has joined the company's board of directors, and that he invested in the company following a $34 million investment from Accel Partners earlier this year. Braintree closed its Series A round, led by Accel, in June.
Buyout firm Platinum Equity will sell the San Diego Union-Tribune newspaper to MLIM LLC for an undisclosed amount, the firm announced Thursday. MLIM is owned by San Diego entrepreneur Doug Manchester. The deal is expected to close December 15. No terms were released. Platinum Equity is being advised by Evercore Partners on the sale of the Union-Tribune and MLIM is being advised by Roth Capital Partners.
Private equity-backed Woodstream Corp. has acquired the assets and certain liabilities of Iron Stop Inc., the company announced Thursday. Terms of the deal were not released. Iron Stop is a manufacturer of home and garden decor products. Woodstream is backed by Brockway Moran & Partners and Code Hennessy & Simmons.
Babson Capital Management has named Vik Thadani as a managing director in its mezzanine and private equity group. Previously, Thadani has worked with the equity sponsor finance group at Union Bank of California, the leveraged finance group at CIBC World Markets, and the middle-market loan syndications group at Bank of America.
San Diego, Calif.-based DriveCam Inc., a developer of video-based driver safety technology, has sealed $85 million from buyout firm Welsh Carson Anderson & Stowe. The funds are aimed at supporting the acquisition of RAIR Technologies, a provider of regulatory compliance technology for DOT-regulated fleets.
Solyndra, the solar panel maker that famously went bust after inking $535 million in federal loan guarantees and roughly $1 billion in venture capital, has postponed an auction for its California manufacturing plant, Reuters reported Thursday. The auction has been put off for two months, and will allow new buyers to examine the company's assets, Solyndra's lawyers said.
Cargill has secured approval from EU regulators to buy animal feeds producer Provimi from private equity firm Permira, Reuters reported. The deal is valued at 1.5 billion euro ($2 billion).