PE-backed National Surgical Healthcare pulls in $52.5 mln

Franklin Square Capital Partners has provided $52.5 million in financing to National Surgical Healthcare, which owns and operates surgical hospitals and ambulatory surgery centers in the U.S. The capital infusion is backing NSH’s acquisition of a majority stake in Optim Healthcare, a provider of healthcare services. NSH is backed by Irving Place Capital.


Genstar-backed iSqFt picks up financing from Franklin Square

iSqFt, a portfolio company of Genstar Capital, has secured undisclosed financing from Franklin Square Capital Partners’ FSIC funds, which are sub-advised by Blackstone’s GSO Capital Partners LP. According to the company, the capital infusion will recapitalize iSqFT’s balance sheet and back its acquisitions of construction data companies BidClerk and CDC Publishing. Based in Cincinnati, Ohio, iSqFt is a provider of cloud-based software tools, data and analytics for building product manufacturers, general contractors and subcontractors.


Franklin Square backs PE-owned Dent Wizard’s dividend recap

Franklin Square Capital Partners has provided unitranche financing to support the dividend recapitalization of car reconditioning company Dent Wizard International Corp. No financial terms were disclosed. Based in Bridgeton, Missouri, Dent Wizard is owned by H.I.G. Capital.


Residential solar firm Sunnova racks up $250 mln

Residential solar service firm Sunnova Energy Corp. has raised $250 million in funding. Franklin Square Capital Partners, which is advised by Blackstone‘s GSO Capital Partners, led the round that also included Triangle Peak Partners. Barclays served as placement agent to Sunnova on the transaction.


Franklin Square to invest $300 mln in NewStar

Franklin Square‘s FSIC funds, which are sub-advised by Blackstone’s GSO, have agreed to provide $300 million in debt financing to NewStar. This transaction also includes warrants that will be issued in two tranches. Headquartered in Boston, NewStar is a specialized finance firm.


Blackstone’s GSO Capital, Franklin Square, Carlyle and AE Industrial form Global Jet Capital

Blackstone‘s GSO Capital Partners, Franklin Square Capital Partners, Carlyle and AE Industrial Partners have teamed up to launch Global Jet Capital, which provides leasing and lending solutions for business jets. According to the new company, Global Jet Capital has “the financial capacity to fund more than $2 billion in aircraft financing for individual, corporate and government use globally.”

Apollo, Blackstone, KKR Blaze New Path To Retail Market

So-called nontraded business development companies (BDCs) can raise money from retail investors without giving up many of the advantages and trappings of private limited partnerships. Continuous fundraising? Check. Lengthy lock-ups of capital? Check. Two-and-twenty fee structure? Check.

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