GE Capital backs Vista Equity’s buy of AGDATA

GE Capital provided $69 million to help fund Vista Equity‘s acquisition of AGDATA. Based in Charlotte, NC, AGDATA is a a provider of data and analytics to agricultural and animal health manufacturers.


Zimt buys UK food distributor BFP

Lesaffre has sold BFP to private equity consortium Zimt Holding. No financial terms were disclosed. Leopold Capital Partners and Linklaters advised Lesaffre on the transaction while Addleshaw Goddard advised Zimt. GE Capital provided financing for the deal. Based in the UK, BFP is a food distributor.


Kinderhook celebrates 23x gain on Tectum Holdings

Kinderhook Industries has sold a majority stake in Tectum Holdings (THI) to TA Associates. The sale represents a return in excess of $300 million for Kinderhook Capital Fund II, translating to approximately 23x Kinderhook’s invested capital.

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Trending on peHUB this week: Blackstone is raising its second “tactical opportunities” fund, fears of a correction in the secondaries market, and Fortress, GE Capital and SBJ are looking for talent.

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Trending on peHUB this week: Job openings at GE Capital and Fortress, keynote video of MDB’s John Canning, and Tim Draper’s big breakup plan.

KKR-owned First Data hires CMO

First Data Corp, which is owned by KKR, has hired Gretchen H. Garrigues as chief marketing officer. Previously, she worked at GE Capital where she most recently served as senior managing director of global strategic marketing. First Data Corp. is a provider of electronic commerce and payment processing solutions.


Fast-food chain Del Taco explores sale: Reuters

U.S. fast-food chain Del Taco, which specializes in Mexican cuisine as well as American favorites like burgers and fries, is in the early stages of exploring a sale that could fetch more than $500 million, Reuters reported.

Power Capital Partners hires industry veteran Douglas Anderson

Power Capital Partners has hired Douglas Anderson as managing director and director of research and due diligence. Anderson will be responsible for leading investment research and project due diligence. Anderson has more than 30 years of experience in the power, energy and infrastructure sectors, most recently at two companies, Enerkem and agri.capital. Anderson also has worked at GE Capital as a managing director in structured finance group.


Harvest Partners invests in Athletico

Athletico Physical Therapy has received undisclosed funding from New York private equity firm Harvest Partners. GE Capital, Ares Capital Corp. and Golub Capital arranged senior debt financing for the transaction. White & Case, McDermott Will & Emery and Marwood Group provided advice to Harvest while Jefferies, Abrams & Steinberg and Harrison & Held advised Athletico. Based in Chicago, Athletico is a physical therapy business that has 80 clinics throughout Illinois, Wisconsin and Indiana.


Assurex Health secures $32 mln financing

Assurex Health has secured a $25 million term and revolving credit facility. GE Capital, Healthcare Financial Services, acting as agent, and Silicon Valley Bank financed the credit facility. Existing investors Sequoia Capital, Claremont Creek Ventures, Mayo Clinic, Cincinnati Children’s Hospital Medical Center, CincyTech, Allos Ventures, Four Rivers Partners, Danmar Capital, and jVen Capital, provided an additional $7 million to complete the $32 million financing. Assurex Health is a neuropsychiatric personalized medicine company.

VC-backed AirXpanders snags $7 mln from GE Capital

AirXpanders has received a $7 million credit facility from GE Capital. Based in Palo Alto, Calif., AirXpanders is a tissue-expansion company focused on breast cancer reconstruction. It is backed by Vivo Ventures, GBS Venture Partners, Prolog Ventures, Heron Capital and Shalon Ventures.


Court Square agrees to buy majority stake in Conterra

Court Square Capital Partners has agreed to acquire a majority stake in Conterra Ultra Broadband. No financial terms were disclosed for the transaction, which is being done with Conterra’s senior management team. Court Square’s investment will buy out stakes in Conterra owned by Goldman Sachs, Duke Energy and GE Capital. The Bank Street Group advised Conterra on this deal while Dechert acted as legal counsel to Court Square. Based in Charlotte, NC, Conterra is a provider of bandwidth infrastructure services.

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