VC-backed AirXpanders snags $7 mln from GE Capital

AirXpanders has received a $7 million credit facility from GE Capital. Based in Palo Alto, Calif., AirXpanders is a tissue-expansion company focused on breast cancer reconstruction. It is backed by Vivo Ventures, GBS Venture Partners, Prolog Ventures, Heron Capital and Shalon Ventures.

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Court Square agrees to buy majority stake in Conterra

Court Square Capital Partners has agreed to acquire a majority stake in Conterra Ultra Broadband. No financial terms were disclosed for the transaction, which is being done with Conterra’s senior management team. Court Square’s investment will buy out stakes in Conterra owned by Goldman Sachs, Duke Energy and GE Capital. The Bank Street Group advised Conterra on this deal while Dechert acted as legal counsel to Court Square. Based in Charlotte, NC, Conterra is a provider of bandwidth infrastructure services.

GE Capital and Ares Management back Ethypharm

Ares Management and GE Capital are mandated lead arrangers for the senior unitranche facilities for Ethypharm, a French portfolio company of Astorg Partners. Proceeds of the facilities will be used to refinance existing indebtedness and fund future acquisitions.

Monroe Capital hires MD and expands media practice

Monroe Capital has appointed Andrew Cozewith as managing director in its Atlanta office and will lead the firm’s national media practice. Prior to joining Monroe, Cozewith worked at SunTrust Robinson Humphrey, CIT Group and GE Capital, where he was responsible for transaction sourcing, structuring, deal execution and monitoring of portfolio companies.

M&A in U.S. Restaurant Industry Begins to Sizzle, Says GE Capital

The U.S. restaurant industry is beginning to sizzle, according to the 23rd edition of the Chain Restaurant Industry Review, which was released Tuesday at the Restaurant Leadership Conference in Scottsdale, Arizona by GE Capital, Franchise Finance (GEFF). According to the company’s findings, merger and acquisition activity increased to $3.9 billion from $3.7 billion, and the total volume of syndicated leveraged loans in the restaurant space increased almost 21 percent last year.

GE Capital Helps Waupaca Foundry Land a $200M Credit Facility

GE Capital, a Norwalk, Conn.-based finance group that provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses, served as the administrative agent on a $200 million credit facility secured by Waupaca Foundry, a Waupaca, Wi.-based iron foundry company. The monies are being used to support a dividend recapitalization.

Sterling Investment Partners Acquires Service Logic

Sterling Investment Partners has closed the acquisition of Service Logic through the acquisition of MSHC. Service Logic is a US provider of preventive and predictive maintenance services and related energy sustainability services for heating, ventilation and air conditioning systems. Credit Suisse’s Customized Fund Investment Group co-invested with Sterling, GE Capital led the senior credit facility and Babson Capital and PNC Erieview Capital provided subordinated debt for the transaction.

Amalgamated Capital Names D’Souza its Business Development Officer

Amalgamated Capital has tapped Mary D’Souza to be its business development officer. She will report to Robert Love, who directs the AmalCap division. D’Souza was an MD with GE Capital in New York. PRESS RELEASE Amalgamated Capital (AmalCap), the New York-based leveraged finance and asset-based lending division of Amalgamated Bank, has appointed Mary D’Souza as […]

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