Meridian Sports Clubs California said Thursday it exited Chapter 11 financial reorganization. The company's new financing includes a $7.5 million term loan extended in part by Praesidian Capital and a $4.5 million revolving credit facility with Praesidian. Meridian operates fitness clubs in California, Hawaii and Nevada.
H.I.G. Capital has invested in Holland Services. Financial terms weren't announced. Fort Worth, Texas-based Holland is a land services provider that helps oil & gas companies with acquiring, selling and developing land and mineral rights. THL Credit is providing financing.
Australia's competition regulator has blocked an attempted takeover of Rafferty's Garden, an organic baby food supplier, by U.S.-based food giant H.J. Heinz Co on concerns that the deal would have reduced competition significantly, writes Reuters. By blocking the deal, the regulator has served up a setback for Anacacia Capital, the company's private equity owner, which invested in Rafferty's in 2010 through a management buyout.
Golub Capital said Wednesday that it provided a $100 million to refinance Boot Barn's debt capital structure and support the company's buy of Baskins Acquisition Holdings. Boot Barn, which provides western and work books plus jeans and shirts, is backed by Freeman Spogli & Co.
Final bids for Butterfield Fulcrum, which is backed by BV Investment Partners, were due last week, sources tell peHUB.
Labor Aiding Systems, a provider of assembly equipment for automotive seating and interior trim applications, has been bought by a new entity formed by private investor Joe Simon. No financial terms were disclosed. Angle Advisors acted as the investment banking advisor to LAS for this transaction.
A private equity fund run by Goldman Sachs has invested $135 million in unlisted Indian wind energy firm ReNew Power Pvt Ltd, making it one of the largest renewable energy investors in India, Reuters reported.
NXT Capital’s Venture Finance Group has closed growth financing facilities for Maxymiser, a provider of digital customer experience optimization solutions. These facilities will allow Maxymiser to further accelerate its remarkable revenue growth to date and capitalize on additional strategic growth opportunities.
MIR Capital, a private equity fund formed by Gazprombank and Intesa Sanpaolo to support the growth of medium-sized Italian and Russian companies has made its first investment by acquiring a non-controlling stake in Packer Service Group. Packer Service Group is a Russian company specializing in hi-tech services and solutions for some of the largest oil and gas companies.
Indonesian billionaire Chairul Tanjung has agreed to buy an 80 percent stake in the country's second-biggest pay-TV operator, Telkomvision, heating up competition in the emerging pay television market currently controlled by another tycoon, Harry Tanoesoedibjo, writes Reuters. CT Corp, an investment holding company controlled by Tanjung, is in talks with Indonesia's biggest telecom firm, PT Telekomunikasi Indonesia to buy the stake in PT Indonusa Telemedia or Telkomvision, writes Reuters.