Europe-based managed service provider Claranet has acquired Star, a UK provider of managed technology services. The deal is valued at 55 million pounds ($88 million). The Royal Bank of Scotland, Ares Capital Europe and a minority investment by Abry Partners financed the acquisition.
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Vision Capital has completed the debt refinancing of BrightHouse, a UK rent-to-own retailer, with over 100 million pounds (US$ 159.5 million) of senior debt facilities. The financing was provided by a consortium of Lloyds Banking Group, GE Capital and Ares Capital Europe and will be used for repayment of existing financing and working capital. PRESS [...]