Abacus Backs LifeSpan Bios with Debt and Equity

Abacus Backs LifeSpan Bios with Debt and Equity

Abacus Finance Group has backed the recapitalization of LifeSpan Biosciences, a portfolio company of Thompson Street Capital Partners (TSCP). In addition to providing senior debt financing, Abacus also made an equity co-investment in the company. LifeSpan Biosciences (LSBio) is a developer, manufacturer, and distributor of more than 75,000 SKUs of antibodies, reagents, proteins, assay kits, […]

Monroe Stays Busy with SPACs

Monroe Stays Busy with SPACs

Monroe Capital has sponsored its third special purpose acquisition company since 2018 with the launch of MCAP Acquisition Corporation. Monroe’s MCAP will look to combine with any business that is active in any industry or sector, but it has a specific interest in software, technology-enabled, and business services companies. MCAP priced its initial public offering […]

Tree Line Backs Longshore’s Gen3

Tree Line Backs Longshore’s Gen3

Lower middle-market lender Tree Line Capital Partners has backed Longshore Capital Partners’ acquisition of Gen3 Marketing from LaSalle Capital. Gen3 is a provider of digital marketing services, including pay-per-click, search engine optimization, and social media. The company was founded in 2007 and is headquartered near Philadelphia in Blue Bell, Pennsylvania. Longshore was formed in 2020 […]

Tree Line Sees Future at Alpine’s Ingenio

Tree Line Sees Future at Alpine’s Ingenio

Tree Line Capital Partners and CVC Credit Partners have provided an increase to their existing credit facility to Ingenio, a portfolio company of Alpine Investors. With the new increase, used to support an add-on acquisition which closed in August, the Tree Line /CVC Credit facility with Ingenio now totals $127 million. Tree Line was the […]

Monroe Backs CORE’s Build of “Industry 4.0”

Monroe Backs CORE’s Build of “Industry 4.0”

Monroe Capital provided financing for last month’s buy of GPI Prototype & Manufacturing by Midwest Composite Technologies (MCT), a portfolio company of CORE Industrial Partners. Monroe is an active provider of senior and junior debt financing to middle-market businesses, special situation borrowers and private equity sponsors. Investment types include unitranche financings; cash flow, asset-based and […]

TCF Backs Cathay’s IOP Add-On

TCF Backs Cathay’s IOP Add-On

Innovative Office Products, a portfolio company of Cathay Capital Private Equity, has acquired SiS Ergo with backing from TCF Capital Funding. TCF provided just over $80 million of secured financing and was the sole lead arranger and administrative agent. Innovative Office Products (IOP) is a designer and manufacturer of ergonomic products including monitor, tablet, sit-stand […]

Yukon Backs IOP’s Buy of Midwest Paper

Yukon Backs IOP’s Buy of Midwest Paper

Yukon Partners was the provider of mezzanine debt to back Industrial Opportunity Partners’ recent buy of Midwest Recycled and Coated Containerboard Mill (DBA Midwest Paper). Midwest Paper manufactures and distributes various grades of paper including recycled containerboard (medium and linerboard) for corrugated packaging, recycled bag products, and white paper for book publishing and printing/writing applications. […]

Abacus Backs Five Points’ New Buy

Abacus Backs Five Points’ New Buy

Abacus Finance Group was the administrative agent and lead arranger for $15 million in senior secured credit facilities to support the recapitalization of Specialty Appliances by Five Points Capital. Abacus also made an equity co-investment in Specialty Appliances. Specialty Appliances is a designer and manufacturer of more than 100 types of customized orthodontic appliances. The […]

Twin Brook Big Backer of Healthcare Deals in 2019

Twin Brook Big Backer of Healthcare Deals in 2019

Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo Gordon, today announced that it has committed over $3.3 billion to private equity sponsors in support of healthcare transactions, including over $1.3 billion last year alone. In 2019, Twin Brook closed 24 healthcare transactions across 14 subsectors, bringing the firm’s total number of healthcare […]

Aflac Takes Position in Varagon from Oak Hill

Aflac Takes Position in Varagon from Oak Hill

Varagon Capital Partners, a lender to middle-market companies, has entered into a new partnership agreement with Aflac Global Investments and has extended its existing partnership agreement with American International Group (AIG). Varagon was formed in June 2014, backed by AIG and certain partners and affiliates of Oak Hill Capital Management as a direct lender to […]

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