Ares, GE provide $293 mln loan for Montagu’s buy of Open GI

The European Senior Secured Loan Programme, a joint venture between Ares Management and GE Capital, has provided a £187 million (US$293 million) loan to fund Montagu Private Equity’s buy of Open GI. Montagu announced in August it was buying Open GI, a U.K.-based supplier of software to the insurance market.

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GE Antares supports Kohlberg & Company’s buy of PPC

GE Antares, a unit of GE Capital, has provided a $160 million senior credit facility to back Kohlberg & Company‘s buy of PPC Industries. GE Capital Markets was the lead arranger and bookrunner. Based in Pleasant Prairie, Wisconsin, PPC Industries is a maker of specialty plastic solutions for medical/pharmaceutical, food processing, and niche industrial applications.

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PE-backed Clarity Telecom completes buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa

Clarity Telecom, which is backed by Pamlico Capital, has closed its buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa. No financial terms were disclosed although earlier news reports pegged the amount for approximately $262 million in cash. GE Capital and SunTrust Robinson Humphrey helped fund the transaction. WOW!, which is owned by Avista Capital Partners, is a provider of high-speed Internet, cable TV, and phone service in Illinois, Michigan, Indiana and Ohio.

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Riverside Company acquires Bootie Butler

The Riverside Company has acquired Protexer, Inc., (doing business as Bootie Butler) as an add-on to its team technologies platform. The Knoxville, Tennessee-based company distributes and assembles shoe cover dispensers, removers and shoe covers. GE Capital led the financing for the deal.

Riverside adds Protexer to team technologies platform

The Riverside Company has added Protexer to its team technologies platform. The Knoxville, Tennessee-based business distributes and assembles shoe cover dispensers, removers and shoe covers. GE Capital led the financing for the transaction. Riverside was advised by Jones Day and KPMG.

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Cardiva Medical closes two tranches of $16.5 mln funding

Cardiva Medical, a developer of vascular closure devices, has completed the first two tranches of $16.5 million Series 3 private equity financing. Also, the firm has received a $12.5 million senior facility from GE Capital. The investors in the Series 3 round were Canepa Advanced Healthcare Fund, PTV Sciences, AmKey Ventures and TriVentures II Fund. In addition to the funding, Paul Enever of Canepa U.S. has been added to Cardiva’s board of directors.

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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.

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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.

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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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Top 10 posts

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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Top 10 posts

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.

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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.

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