Goldman Sachs takes control of Financeit in recap financing

By Kirk Falconer — 1 hour ago

Toronto-based point-of-sale financing provider Financeit Canada Inc has closed a recapitalization round with the merchant banking division of Goldman Sachs. The undisclosed deal gives Goldman Sachs, a Financeit shareholder since 2015, a majority stake in the company. It also helped Financeit acquire Centah Inc, a Canadian provider of home improvement software. President and CEO Michael Garrity said the acquisition expands his company’s’s offering with a complete solution for the home services industry. Founded in 2011, Financeit has worked with more than 7,000 merchants and processed over $1.9 billion in loan applications.

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OneMain to sell 7.5 mln shares in secondary

By Luisa Beltran — 5 hours ago

OneMain Holdings Inc said Dec. 13 that it is selling 7.5 million shares of common stock owned by Springleaf Financial Holdings LLC. Fortress Investment Group LLC owns Springleaf. OneMain will not receive any proceeds from the sale of shares.

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TSG Consumer invests in Huda Beauty

By Luisa Beltran — 5 hours ago

TSG Consumer Partners has acquired a minority stake in Huda Beauty. Financial terms of the transaction were not disclosed. Huda Beauty is a beauty brand founded by Huda Kattan, a beauty blogger. Financo acted as financial advisor to Huda Beauty, while Gibson, Dunn & Crutcher LLP was legal advisor. Moelis & Co provided financial advice to TSG and Ropes & Gray LLP acted as legal advisor.

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Clearlake recaps oilfield rental tool company Knight

By Iris Dorbian — 1 day ago

Clearlake Capital Group has recapitalized Lafayette, Louisiana-based Knight Energy Holdings LLC, an oilfield rental tool company. No financial terms were disclosed for the transaction that was done in partnership with Knight’s management, the Knight family and other unnamed stakeholders.

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CORE Industrial Partners has acquired Prototek

By Iris Dorbian — 1 day ago

CORE Industrial Partners has acquired New Hampshire-based Prototek Sheetmetal Fabrication, a rapid prototyping service provider of CNC machined and sheet metal fabricated parts and components. No financial terms were disclosed; however, Monroe Capital provided a senior credit facility to support the transaction.

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