Searchlight Capital, the PE firm launched by former KKR and Apollo Global executives, has clinched its third deal. Today, Searchlight said it is investing in Integra Telecom. Financial terms were not announced. Goldman Sachs Special Situations Group is the seller, peHUB has learned.
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Contech has announced its new owners. Investors Anchorage Capital Group, Littlejohn & Co, Tennenbaum Capital Partners, and Farallon Capital Management have worked with Contech, its equity partners and its senior lenders to recapitalize the company and secure long-term financing. Contech is a provider of site solution products and services for the civil engineering industry. PRESS [...]
Hanley Wood, a business-to-business media company serving the housing and commercial design and construction industries, has completed a recapitalization that will reduce its long-term debt from $410 million to $80 million. Hanley Wood’s new ownership group, led by certain funds managed by Oaktree Capital Management, Strategic Value Partners, and Tennenbaum Capital Partners, has invested $35 [...]
With one of its founders stepping back in a reduced role, Tennenbaum Capital Partners LLC has taken in approximately $530 million for its latest credit opportunities fund, a source familiar with the firm confirmed to sister magazine Buyouts. That’s ostensibly well short of its original $1 billion target although the firm has in fact raised close to [...]
Tennenbaum Capital Partners, an L.A. based firm that focuses mostly on distressed credit, has hired Lee Landrum as a managing director. Landrum has worked for the Carlyle Group and Babson Capital Management previously. PRESS RELEASE: Tennenbaum Capital Partners, LLC (“TCP”), a leading distressed credit private investment firm, today announced that Lee R. Landrum has joined [...]
Wendy Webb has joined Tennenbaum Capital Partners as a managing director of investor relations. She previously spent 20 years with The Walt Disney Co., including as executive director of The Walt Disney Company Foundation and senior VP of investor relations and shareholder services.
American Industrial Partners has completed its buyout of the motor home business of Fleetwood Enterprises Inc. (OTC BB: FLTWQ). The deal was valued at $33.2 million, including certain assumed liabilities. Greenhill & Co. ran the sale process. Fleetwood shareholders include Tennenbaum Capital Partners. Concurrent with the close, Fleetwood laid off 700 employees, but said that American Industrial is expected to make 650 hires over the next few weeks.