Fifth Street Finance Corp. received a financing commitment from ING Capital LLC for a syndicated three year revolving credit facility for up to the amount of $150 million, with a targeted initial close of $65 million.
TEXo Ventures has been launched in Austin, Texas, to make seed and early-stage investments of up to $2 million in healthcare companies. The firm's founders are Philip Sanger, M.D., Jerry DeVries and Randall Crowder.
Ipreo, a provider of data and market intelligence to banking and corporate clients, has acquired the certificates collection service of Markit Group, based in London. Ipreo is majority owned by New York private equity firm Veronis Suhler Stevenson.
Brown Brothers Harriman & Co., a an investment services company based in , appointed Timothy E. Hartch and Seán Páircéir as partners. Hartch is co-head of BBH’s equity investment management team, providing merger and acquisition advisory services to BBH clients and evaluating, negotiating, and monitoring investments for private equity and mezzanine funds. Páircéir works with global investment funds.
Persistence Capital Partners, a Canadian healthcare services investment firm, appointed Lloyd M. Segal as a Partner of the Fund. Segal was previously CEO of Thallion Pharmaceuticals, where he currently serves as Chairman.
Eureka Growth Capital and Shore Points Capital recapitalized Commercial Carpets of America a floor coverings provider based in Washington, D.C. Susquehanna Bank provided a senior term loan and working capital revolver as debt financing for the transaction.
Charles Mills has joined Houlihan Lokey, an investment bank, in its Atlanta office as a managing director, heading up Southeast M&A in the U.S. Prior to Houlihan Lokey, Mr. Mills headed Macquarie Capital’s M&A practice in the Southeast U.S. region.
Perella Weinberg Partners announced today that Sebastien Maurin has joined the Firm as a Managing Director in its Corporate Advisory Group where he will focus on restructuring and distressed merger and acquisition transactions. He was most recently a senior member of the debt restructuring advisory business at MPC Longberry. Prior to that, Mr. Maurin was Head of the Global High Yield and Distressed Debt Proprietary Trading Group at Commerzbank AG.
(Reuters) – Harrah’s Entertainment Inc [HAMLEH.UL], the world’s largest casino operator by revenue, reported a fourth-quarter profit on Thursday, compared with a year-earlier loss, but revenue fell 8 percent as demand in Las Vegas and Atlantic City remained weak. Hit by the economic downturn, consumers have cut back on discretionary spending like gambling trips at […]
(Reuters) – Denmark’s Danske Bank and Sweden’s SEB have joined a team of banks to launch a share offering in Danish telecom TDC for its private equity owners, sources told Reuters. The private equity firms, which hold nearly 88 percent of TDC’s stock, have appointed a consortium of a total of nine banks to sell […]