TCF Capital Funding, the Chicago-based leveraged finance division of TCF National Bank has provided $8.5 million in senior secured credit facilities to back the recapitalization of Direct Marketing Solutions. The refinancing is being funded by Caymus Equity Partners, Centerfield Capital Partners and management.
MW Industries has completed the acquisition of Lifeline Products, a precision manufacturer serving the medical market. MW Industries is a portfolio company of Genstar Capital.
Globalturk Capital has invested in Tempo Cagri Hizmetleri, a call center and distant services company in Turkey, by facilitating a co-investment alongside Mitsui. Baris Oney, founding and managing partner of Globalturk Capital, together with Tempo’s founding shareholders and representatives from Mitsui, will sit on the board of Tempo.
Nine Entertainment's creditors have approved a $3.6 billion recapitalisation scheme that will see US hedge funds take control of the business, paving the way for a possible listing in 2014, writes Reuters. US hedge funds Oaktree Capital and Apollo Global Management will swap debt to take a 95.5 percent stake in the company. The breakdown between the two funds has not been disclosed.
EQT has pulled the sale of German academic publisher Springer Science+Business Media because it believes it can achieve a better price later in the year, the Financial Times reported, writes Reuters. Sweden's EQT, which teamed up with GIC, the investment vehicle of the government of Singapore, to buy Springer in 2009 was aiming to get up to 4 billion euros ($5.3 billion) for the publisher.
Moor Park Capital Partners has led and advised the consortium of investors on the sale and leaseback of 12 Spire Healthcare hospitals. The consortium of investors included Moor Park and a small group of very large institutional investors, based in Malaysia and the US.
KinSett Capital's KS Acquisition II LP has filed a notice of extension with the depositary of the offer previously announced on December 5, 2012 to purchase all of the trust units of Primaris Retail Real Estate Investment Trust. The offer is now open for acceptance by Primaris unitholders until 5.00 p.m. (Toronto time) on February 4, 2013, unless withdrawn by the offeror.
Aleutian Capital Partners has backed Global Sugar Art. Founded in 2002 and headquartered in Plattsburgh, New York, Global Sugar Art distributes confectionery decorations, ingredients, tools, and equipment used in cake and candy making.
DDP Holdings, a provider of retail solutions, has received a new investment from Juggernaut Capital Partners to fund an acquisition. JCP partnered with Palm Beach Capital and management to support the acquisition.
Banyan Partners has announced a strategic partnership with Temperance Partners, a private investment firm. The partnership will provide Banyan with expansion capital to support its acquisition efforts in the investment advisory arena.