Harvest and Cressey recaps VetCor

Harvest Partners LP and Cressey & Company LP has led a recapitalization of VetCor Group Holdings Corp. No financial terms were disclosed. Jefferies LLC provided financial advice to VetCor on the transaction while Golub Capital arranged the senior debt. Headquartered in Hingham, Massachusetts, VetCor is an owner and operator of veterinary hospitals.


FFL invests in Clarkson Eyecare

FFL has made an undisclosed investment in Midwest optometry chain Clarkson Eyecare. HPC Puckett & Company provided financial advice to Clarkson Eyecare on the transaction while Golub Capital provided financing.


LLR invests in Agility Recovery

LLR Partners has invested in Agility Recovery. Financial terms weren’t announced. Generation Partners acquired Agility Recover in 2001 and retains a minority stake. Charlotte, N.C.-based Agility provides disaster recovery solutions. Golub Capital provided debt financing. Raymond James provided financial advice to Agility.


Macquarie and Golub back NetSmart’s dividend recap

Macquarie CAF Lending and Golub Capital have provided a $250 million facility to support a dividend recap of NetSmart Technologies, said a source at the Macquarie Group. NetSmart Technlogies, which is backed by Genstar Capital, is a provider of electronic medical records for the behavioral health sector.


Golub Capital hires Deerfield Capital executive Selle

Golub Capital has hired Kenneth Selle as head of loan trading in its Broadly Syndicated Loans group based out of the Chicago office. Selle will be responsible for sourcing and trading all broadly syndicated loan transactions. Selle most recently worked as managing director and head trader in the Corporate Credit Group at Deerfield Capital Management.


Golub Capital expands late stage lending, opens San Fran office

Technology lender Golub Capital is expanding its late stage lending platform with the addition of two investment directors and the opening of a new San Francisco office. The full announcement is below. GOLUB CAPITAL OPENS SAN FRANCISCO OFFICE AS PART OF ITS EXPANSION INTO LATE STAGE LENDING NEW YORK – September 16, 2014 – Golub […]

first read April 29

peHUB First Read

Catch up on the latest midweek news including Pennsylvania State Employees’ Retirement System recruiting for a CIO, PE deals in South East Asia predicted to double in five years, six facts about the Apple watch and how it feels to be top quartile from EnCap.


Brazos’ Vision Source completes dividend recap

Brazos Private Equity Partners portfolio company Vision Source has completed a dividend recapitalization transaction. Golub Capital provided the financing to support the transaction via a uni-tranche term loan facility and revolver. Financial terms of the refinancing were not disclosed.


The Riverside Company backs Tate’s Bake Shop

The Riverside Company has backed Tate’s Bake Shop, a premium cookie and baked goods provider based in Southampton, New York. Golub Capital, Crescent Capital and Triangle Capital provided financing for the transaction. Riverside was advised by Jones Day and Deloitte. TM Capital Corp, an investment banking firm with offices in New York, Boston and Atlanta, served as financial advisor to Tate’s Bake Shop.


Brentwood Associates acquires Marshall Retail Group

Brentwood Associates has acquired Marshall Retail Group, a specialty retailer for marketplaces in major casino-hotels and airports in the U.S. Golub Capital was the lead arranger for the debt financing supporting the acquisition.


Linden Capital closes Spear Education buy

Linden Capital Partners has completed its buy of Spear Education. Financial terms weren’t announced. Scottsdale, Ariz.-based Spear provides post-graduate dental continuing education content to dentists and specialists around the country. Brentwood Capital Advisors provided financial advice to Spear. Golub Capital provided debt financing.


Buyout loan trends may reflect Fed, OCC disparities: TRLPC

Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve, sister service Thomson Reuters Loan Pricing Corp reports.


J.H. Whitney acquires C.J. Foods

C.J. Foods has been acquired by J.H. Whitney Capital Partners. Golub Capital acted as sole bookrunner and administrative agent and provided a GOLD financing to support the acquisition. Founded in 1985 and headquartered in Bern, KS., C.J. Foods is a custom manufacturer of super-premium dry pet foods for dogs, cats, and other household pets.


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.

PE HUB Community

Join the 12515 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget