Green Biologics fetches $76 mln

UK-based renewable chemicals firm Green Biologics has raised $42 million in equity funding. Swire Pacific Limited and Sofinnova Partners led the round with participation from return backers Capricorn Venture Partners, Oxford Capital Partners, Morningside Technology Partners and ConvergInce Holdings LLC. Also, Green Biologics has received $34 million in mostly debt funding led by Tennenbaum Capital Partners.


Novacap inks buy of Dialogic

Novacap has agreed to buy Dialogic for total cash consideration of $35.3 million. Sellers include Tennenbaum Capital Partners. Once the deal closes, Novacap will own more than 90 percent. Parsippany, N.J.-based Dialogic provides communications technology for networks. Sagent Advisors provided financial advice to Dialogic.


Tennenbaum Capital hires Bank of America executive

Tennenbaum Capital Partners has hired Carolyn Glick as a director in the Los Angeles office. Glick will source and execute credit investments across performing and special situations credit strategies. Prior to Tennenbaum, Glick was a senior vice president of Bank of America Business Capital.

PE-backed Real Mex promotes Gueli to COO

Real Mex, a portfolio company of both Z Capital Partners and Tennenbaum Capital Partners, has promoted Rio Gueli to chief operating officer. Recently, Gueli served as the firm’s executive vice president of operations. Headquartered in Cypress, California, Real Mex Restaurants is a Mexican restaurant chain.


Searchlight Strikes Integra Deal with Goldman

Searchlight Capital, the PE firm launched by former KKR and Apollo Global executives, has clinched its third deal. Today, Searchlight said it is investing in Integra Telecom. Financial terms were not announced. Goldman Sachs Special Situations Group is the seller, peHUB has learned.

New Ownership For Contech

Contech has announced its new owners. Investors Anchorage Capital Group, Littlejohn & Co, Tennenbaum Capital Partners, and Farallon Capital Management have worked with Contech, its equity partners and its senior lenders to recapitalize the company and secure long-term financing. Contech is a provider of site solution products and services for the civil engineering industry. PRESS […]

Hanley Wood Completes Refinancing

Hanley Wood, a business-to-business media company serving the housing and commercial design and construction industries, has completed a recapitalization that will reduce its long-term debt from $410 million to $80 million. Hanley Wood’s new ownership group, led by certain funds managed by Oaktree Capital Management, Strategic Value Partners, and Tennenbaum Capital Partners, has invested $35 […]

Tennenbaum Raises ~$530M For Turnaround Fund; Founder Steps Back

With one of its founders stepping back in a reduced role, Tennenbaum Capital Partners LLC has taken in approximately $530 million for its latest credit opportunities fund, a source familiar with the firm confirmed to sister magazine Buyouts. That’s ostensibly well short of its original $1 billion target although the firm has in fact raised close to […]

Tennenbaum Capital Partners Brings New Managing Director Aboard

Tennenbaum Capital Partners, an L.A. based firm that focuses mostly on distressed credit, has hired Lee Landrum as a managing director. Landrum has worked for the Carlyle Group and Babson Capital Management previously. PRESS RELEASE: Tennenbaum Capital Partners, LLC (“TCP”), a leading distressed credit private investment firm, today announced that Lee R. Landrum has joined […]

Wendy Webb Joins Tennenbaum Capital

Wendy Webb has joined Tennenbaum Capital Partners as a managing director of investor relations. She previously spent 20 years with The Walt Disney Co., including as executive director of The Walt Disney Company Foundation and senior VP of investor relations and shareholder services.

American Industrial Completes Fleetwood Biz Buyout

American Industrial Partners has completed its buyout of the motor home business of Fleetwood Enterprises Inc. (OTC BB: FLTWQ). The deal was valued at $33.2 million, including certain assumed liabilities. Greenhill & Co. ran the sale process. Fleetwood shareholders include Tennenbaum Capital Partners. Concurrent with the close, Fleetwood laid off 700 employees, but said that American Industrial is expected to make 650 hires over the next few weeks.

American Industrial Offers To Buy Fleetwood

American Industrial Partners, a buyout firm based in New York, has offered to purchase the RV business of Fleetwood Enterprises for $53 million, according to court documents. The business, which was previously owned by Tennenbaum Capital Partners and Marathon Asset Management, filed for Chapter 11 bankruptcy protection in March. Company Web site.

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