Antares Capital beefs up loan syndication, sales and trading team with hires

By Iris Dorbian — 2 weeks ago

Antares Capital has made a number of hires to its loan syndication, sales and trading team. Kevin Burke, who is joining Antares from GE Capital, will lead the team that includes managing directors Anthony Diaz, Mark Familo, Erica Frontiero, Peter Nolan, John Timoney and Patrick Wallace. Also, Kristin Condon, a managing director from RBC Capital Markets and Todd Davis, an associate from Capital One, will be joining the team.

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Riverside acquires Drain Doctor as an add-on

By Iris Dorbian — 4 months ago

The Riverside Company has acquired UK-plumbing franchise Drain Doctor as an add-on to its Dwyer Group platform. No financial terms were disclosed. Jones Day, Bird & Bird and KPMG advised Riverside on the transaction while Madison Capital, GE Capital, NXT Capital and Ares Capital provided the financing.

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Global Jet Capital to acquire GE Capital’s corporate aircraft portfolio

By Iris Dorbian — 4 months ago

Global Jet Capital, a financing solutions provider for private jets, has agreed to buy GE Capital’s aircraft lease and loan portfolio reportedly valued at about $2.5 million. Deutsche Bank Securities Inc, BofA Merrill Lynch and Citi advised Global Jet Capital on the deal. Global Jet Capital, is backed by GSO Capital Partners, The Carlyle Group and AE Industrial Partners.

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GE Capital supports CIS recap and its buy of Futures Behavior Therapy Center

By Iris Dorbian — 5 months ago

GE Capital has provided a $55 million credit facility to recapitalize the Community Intervention Services‘ balance sheet. The financing will also be used to back CIS’s acquisition of Futures Behavior Therapy Center LLC. Austin, Texas-based CIS is a behavioral health services provider that was co-founded by H.I.G. Growth. And, based in Beverly, Massachusetts, Futures Behavior Therapy Center is a provider of treatment and education services for children with autism spectrum disorders and other developmental disabilities.

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Sumitomo Mitsui Banking to buy GE’s European Sponsor Finance for $2.2 bln

By Luisa Beltran — 7 months ago

GE said Tuesday that it has agreed to sell its European Sponsor Finance business to Sumitomo Mitsui Banking Corp. Europe Ltd., a  subsidiary of Sumitomo Mitsui Banking Corp., for about $2.2 billion. The GE business provides sponsor finance for European mid-market private equity deals. GE Capital is keeping its $1 billion investment in the European Senior Secured Loan Programme and European Loan Programme, both joint ventures between GE Capital and Ares Capital. The deal is expected to close in third quarter. Bank of America Merrill Lynch and Citigroup Global Markets advised GE.

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Ares, Varagon Capital form J.V. to make middle market loans

By Luisa Beltran — 8 months ago

Ares Capital Corp. and Varagon Capital Partners are forming a joint venture to make senior secured loans to middle-market companies. The J.V. will be called Senior Direct Lending Program (SDLP) that will seek to follow the success Ares had with GE Capital with its J.V., the Senior Secured Loan Program. The SDLP will underwrite and hold first lien loans, including stretch senior and unitranche loans, that are originated by Ares and Varagon. SDLP will commit and hold individual loans of up to $300 million, while Ares may also co-invest with the SDLP.

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Vestar completes Woodstream acquisition

By Iris Dorbian — 8 months ago

Vestar Capital Partners has closed its previously announced buy of Woodstream from Brockway Moran and CHS Capital. No financial terms were disclosed. GE Capital and Ares Capital Corporation provided debt financing for the transaction. Headquartered in Lititz, Pennsylvania, Woodstream is a maker of branded pest control and lawn and garden products.

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