Golub Capital acted as Co-Lead Arranger for a $400 million first lien credit facility to support the dividend recap of Dialysis Newco (dba DSI Renal) by Frazier Healthcare and New Enterprise Associates. Golub Capital has been a debt provider to DSI Renal since April 2012. Frazier Healthcare and New Enterprise Associates acquired DSI Renal in…...
Archives for April 2014
Maranon Adds New Principal
Darin Schmalz has joined Maranon Capital as a Principal. In his new role Mr. Schmalz will be responsible for sourcing and evaluating investment opportunities as well as transaction execution and portfolio management with a particular focus on Maranon’s senior debt and unitranche strategies. “We are very pleased to have Darin join Maranon Capital” said Rich…...
Steelpoint Capital Exits Prana
Prana, a maker of yoga gear and a portfolio company of Steelpoint Capital, has signed an agreement to be acquired by Columbia Sportswear Company for $190 million. The purchase price equates to approximately 13 times Prana’s projected 2014 EBITDA. Steelpoint Capital acquired Prana from Liz Claiborne in April 2008 for approximately $37 million. Prana is…...
Charterhouse Exits Rudi’s Organic Bakery
The Hain Celestial Group, an organic and natural products company, has acquired Rudi’s Organic Bakery, a portfolio company Charterhouse Equity Partners. The purchase price of $61.3 million consisted of cash and common shares of Hain Celestial. Rudi’s is a marketer, manufacturer and distributor of certified organic and certified gluten-free breads, buns, muffins, tortillas, wraps and…...
Grey Mountain Acquires Fleetwood Industries
Grey Mountain Partners has invested in Fleetwood Industries, a provider of retail display systems. “Our new financial partnership with Grey Mountain Partners provides us access to the capital required to continue to grow and lead our industry through innovation and the highest possible quality and service levels. We are proud of our legacy and now…...
