Robert Love, an executive vice president who heads Amalgamated Business Credit, has been appointed the head of Amalgamated Capital (AmalCap), the bank’s leveraged finance operation. Amalgamated, based in New York, is union owned. PRESS RELEASE: Amalgamated Bank (Amalgamated) announced here today that Executive Vice President Robert Love, who heads Amalgamated Business Credit, will also direct Amalgamated Capital […]
We’ve always been a big proponent of unitranche debt. With senior cash flow debt still difficult to come by, unitranche facilities have proven to be a very attractive alternative financing technique. We’ve been pleased by the larger hold sizes of unitranche providers compared to senior debt providers. Fewer parties in the capital structure often results […]
Eight new lawyers have joined the San Antonio law office of Burleson, to address a growing number of clients with interests in the Eagle Ford shale of South Texas. The lawyers include board-certified oil and gas attorneys to experienced litigators with experience in oil and gas matters. and board-certified oil and gas lawyers to those with […]
The global investment bank Houlihan Lokey has added two people to its transaction advisory services practice. Jerome Schwartzman joins from Duff & Phelps, a law firm whose M&A tax services group he led. Schwartzman will be based in New York as Houlihan’s head of M&A tax due diligence services. CORRECTION: An earlier version of this […]
The PE overhang has fallen. Normally, any discussion about the huge amount of dry powder that buyout shops must invest makes me yawn. But I've learned that the so-called overhang dropped to $376 billion in December 2010, according to Cambridge Associates. This is down about 12% from the $425 billion PE firms needed to put to work in late 2009, Cambridge says in a report, "Still Nursing the U.S. Private Equity Hangover."
Buyout shop Vector Capital has completed its $138 million acquisition of RAE Systems Inc., the firm announced Thursday. In connection with the transaction, Vector partnered with CITIC Capital Partners, a China-based private equity firm. RAE Systems, formed in 1991, makes instruments to detect gas and hazardous materials. Silicon Valley Bank provided financing for the deal.
New York-based Avista Capital Partners has bought Anthony International, a manufacturer of glass doors for commercial refrigerators, from Los Angeles-based buyout shop Aurora Capital Group. Terms of the deal were not released. Aurora acquired Anthony in 2004. Morgan Stanley acted as financial advisor and Gibson Dunn & Crutcher acted as legal advisor to Aurora Capital. Weil, Gotshal & Manges acted as legal advisor to Avista Capital. Anthony International was formed in 1958 and is based in Sylmar, Calif.
#WINNING! The Boston Bruins edge the Vancouver Canucks for the Stanley Cup, hockey fans in Canada respond appropriately While You Were Out… Sen. Grassley asks the S.E.C. “What about those 65 referrals on SAC?” Come Again? Why, on a day when markets tumbled, when we see Pandora shares take off by just under 10%, does anyone call this “calming down” in the IPO market? IPO Time! Carbonite is going public. Not to be confused with Dolemite.
ActivStyle, which is backed by the Riverside Company, has acquired Home Wellness, Inc. & Stay Dry Products, Inc. Financial terms were not disclosed. Cinnaminson, N.J.-based Home Wellness distributes catheters and incontinence supplies. the deal is the fourth add-on for ActivStyle. US Bank provided financing for the deal.
(Reuters) – Silicon Valley venture capitalists are betting big on new technologies to protect computer networks, hoping they will profit from a spate of high-profile cyber attacks on corporate and government bodies. Many security start-ups are focusing on protection at the network level, rather than individual computers or hardware, spurred by the proliferation of mobile […]