MCG Capital Corporation has closed a $23.7 million investment in Oceans Healthcare. MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit. Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services.
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MCG Capital Corporation has closed a $20 million investment in Midwest Technical Institute. MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit. MTI is a private, post-secondary school with five campuses across Illinois and Mississippi. MCG’s investment is made in conjunction with the recapitalization of MTI by Summer Street Capital.
C7 Data Centers, a provider of advanced IT and data center outsourcing services, has secured $25 million in debt and equity funding. MCG Capital Corporation and previous investment partner Signal Peak Ventures provided the new funding. Past investors in the business include Canopy Ventures and Zions First National Bank.