American Capital Refinances Secured Debt, Gets New Revolver

American Capital Refinances Secured Debt, Gets New Revolver

American Capital has completed a refinancing of its recourse debt with a new $600 million term loan and has obtained a new $250 million revolving credit facility. J.P. Morgan Chase is the administrative agent and collateral agent for both facilities. “We are extremely pleased to announce our new term debt financing and revolving credit facility,” […]

TA Associates Adds Three to Investment Team

TA Associates Adds Three to Investment Team

TA Associates has added to its investment staff in its Boston and Menlo Park offices as Ethan Liebermann and Emily McGinty have rejoined the firm as Vice Presidents in the Healthcare and Consumer Group in Boston and Jason Mironov has joined the firm as a Vice President in the Services Group in Menlo Park. Mr. […]

Morgan Joseph TriArtisan Adds Consumer Pro to Team

Morgan Joseph TriArtisan Adds Consumer Pro to Team

Morgan Joseph TriArtisan announced today that Stephen Robb, a 20-year Wall Street veteran in investment banking and M&A advisory, has joined the firm as a Managing Director in the firm’s Consumer, Retail & Leisure investment banking practice. “Steve’s broad background and experience will be a valuable addition to our firm’s mid-market practice in the key […]

Royalties not Warrants: Sandy Robertson Invests in Urban Capital

Royalties not Warrants: Sandy Robertson Invests in Urban Capital

Urban Capital of America today announced that Sanford Robertson, Co-Founder of Francisco Partners, is investing in Urban Capital Royalty Fund I, a new mezzanine fund that uses royalties instead of warrants. In its simplest form, a royalty is paid to the investor on the business’s revenue growth over an agreed upon and limited time frame. […]

PE Deal Market Loses Some Steam but Continues to Reward Size and Quality

PE Deal Market Loses Some Steam but Continues to Reward Size and Quality

The acceleration in middle-market private equity deal volume seen during the last half of 2011 and the first quarter of 2012 has stalled out somewhat in the second quarter of 2012, according to the latest report from GF Data.  “Despite an unprecedented availability of capital, improved corporate performance in many sectors and anticipated increases in […]

Private Equity Still Holds 72% of Companies Purchased in 2006

Private Equity Still Holds 72% of Companies Purchased in 2006

The latest private equity research from Preqin indicates that private equity firms are still carrying many portfolio companies purchased during the record breaking “buyout boom” period of 2006 to 2007, with just 28% of deals made in 2006, and 19% of those made in 2007, having been fully exited. Private equity firms typically look to […]

Gridiron Capital Beats Target, Closes Fund 2 at $425 Million

Gridiron Capital Beats Target, Closes Fund 2 at $425 Million

Gridiron Capital has held a final close of its second fund, Gridiron Capital Fund II, LP (“GCF II”) with $425 million in total capital commitments, $25 million above its original target of $400 million. GCF II raised capital in Europe, North America and Asia with a cross section of limited partners, including endowments and foundations, […]

Bankers Not So Optimistic

Bankers Not So Optimistic

Less than one third of bankers believe their local economy will improve in the next six months, according to Grant Thornton’s annual Bank Executive Survey, conducted in conjunction with Bank Director. The results reflect a steep drop from the 44 percent of bankers who expected improvement in 2011. Also worrisome is that the number of […]