Avante promotes one and hires another

Avante Mezzanine Partners has promoted Dan Moss to principal. Moss has been with Avante since 2012. The company has also hired Aaron DiCenzo as vice president. Prior to joining Avante, DiCenzo worked as a vice president at American Capital.

American Capital raises $450 mln CLO fund

American Capital Ltd. said Wednesday that it has agreed to establish American Capital CLO Fund I LP, a $450 million fund that invests in equity tranches of CLOs. The fund is buying $300 million of American Capital’s existing CLO equity portfolio and will have $150 million of investment capacity. The fund is expected to close in 90 days.


American Capital Energy to invest in Senegal wind power project

American Capital Energy & Infrastructure (ACEI) said Monday it has committed to invest in a Senegal wind power project and wind farm planned in West Africa. The total capital cost of the facility is expected to be 305 million euros (US$344 million). American Capital Energy plans to provide about 75 million euros (US$84.6 mln) of equity. The rest will come from senior and mezzanine lenders, the statement said. The project is a 151.8MW wind farm under development, which will be located in Taiba Ndiaye in Senegal, approximately 75km northwest of Dakar. ACEI is part of American Capital.


American Capital backs ABRY’s buy of Compusearch

American Capital Ltd has provided $51 million in financing to support ABRY Partners‘ acquisition of Compusearch Software Systems. Based in Dulles, Virginia, Compusearch provides acquisition and program management software to federal agencies, Department of Defense program offices and government contractors.


VC-backed HomeAway invests in Turkish vacation rental site Flat4Day

HomeAway Inc, a Austin, Texas-based online marketplace for vacation rentals, has acquired a minority stake in Flat4Day for $2 million. Based in Turkey, Flat4Day is a vacation rental website. HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures.


Cohn-Sfetcu joins Carlyle

The Carlyle Group said Wednesday that Dan Cohn-Sfetcu has joined the firm as Managing Director. He will originate and execute middle market credit investments for Carlyle GMS Finance Inc., a Business Development Company, as well as its affiliated investment vehicle, NF Investment Corp. Carlyle GMS is focused on lending to U.S. middle market companies. Cohn-Sfetcu was previously an MD with American Capital.


American Capital invests $21.5 mln in Electronic Warfare Associates

American Capital Ltd. said Monday it invested $21.5 million in Electronic Warfare Associates Inc. The investment was led by American Capital Special Situations and takes the form of senior secured term loans. Herndon, Virginia-based Electronic Warfare provides electronic warfare, cyber security and advanced commercial test tool systems and solutions to the United States and allied-nation government agencies and commercial customers.

American Capital closes $552 mln managed CLO

American Capital Ltd. said Wednesday that it closed on the sale of $552 million of collateralized loan obligation bonds. Deutsche Bank Securities Inc. arranged the deal. American Capital CLO Management LLC, a subsidiary of American Capital Asset Management LLC, externally managed the CLO.


American Capital sells Mirion Technologies for $750 mln

American Capital Ltd. said Wednesday it sold Mirion Technologies Inc. to Charterhouse Capital Partners LLP for $750 million. San Ramon, California-based Mirion provides radiation detection, measurement, analysis and monitoring products and services to the nuclear power, medical, military and homeland security markets. American Capital said it realized a 21 percent compounded annual return over the life of the investments, while the blended return on senior debt, subordinated debt and equity totaled a 17 percent compounded annual return.


VC-backed HomeAway invests in CanadaStays

HomeAway Inc, a Austin, Texas-based online marketplace for vacation rentals, has made an undisclosed investment in CanadaStays, a Canadian vacation rental website. HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures.

SMG buys CGC Events

SMG Holdings Inc, a portfolio company of American Capital, has acquired CGC Events Ltd. Financial terms weren’t announced. U.K.-based CGC provides catering concessionaire services venues throughout Northern England.


American Capital hires president of private finance

American Capital has named Brian Graff as president of private finance. His appointment became effective January 1. Graff is currently a senior vice president and senior managing director at the firm. Prior to joining American Capital, Graff was a principal at Odyssey Investments Partners.


Ares Management acquires Farrow & Ball

Ares Management has bought Farrow & Ball, a UK-based maker of paint and wallpaper. The seller was European Capital Limited, an American Capital affiliate. No financial terms were disclosed.

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Top 10 PE posts: You can’t hide your lyin’ eyes

In this week’s top 10 private equity posts, Morgan Stanley Capital Partners and Hamilton Lane are looking for a couple of good VPs, Blackstone wants to peddle Apria, and LPs have GPs feeling like they’re in an Eagles song.


American Capital makes 2.4x its money on Unwired Tech sale

American Capital said Monday that it received $176 million from the sale of portfolio company Unwired Holdings, parent to Unwired Technology, to Delphi Automotive. American Capital said it received 2.4x its equity investment and realized a compounded annual rate of return of 17% over the life of its equity investment, including dividends, realized gains and fees. Auburn Hills, Mich.-based Unwired designs and supplies USB connectivity modules and wireless headphone systems for the automotive industry. Delphi announced in September it was buying Unwired Technology.

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