H.I.G. Capital announced the closing of H.I.G. Middle Market LBO Fund IV (the “Fund”). The Fund closed with aggregate capital commitments of $5.5 billion, in addition to co-investment separately managed accounts of $450 million, significantly...
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September 13, 2023, 08:00 AM
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Neiman Marcus Group, Inc. and related entities have been charged in the District Court of Dallas County, Texas with, among other wrongdoings, the fraudulent transfer of assets totaling approximately $1 billion of value for no consideration. These...
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December 11, 2018, 08:21 AM
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Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lender in support of...
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December 03, 2018, 07:06 AM
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Global alternative asset manager The Carlyle Group announced the final close of Carlyle Partners VII, an $18.5 billion fund that makes majority and strategic minority investments primarily in the U.S. across five industries: Aerospace, Defense &...
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July 30, 2018, 08:00 AM
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Highly leveraged corporate borrowers are thriving in the current economic environment, according to a new report from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners. Earnings growth...
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July 19, 2018, 07:45 AM
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Abacus Finance Group, LLC (Abacus), a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lender for $22...
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May 02, 2018, 07:15 AM
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Clayton, Dubilier & Rice and American Greetings Corporation announced an agreement under which CD&R-managed funds will acquire a 60% ownership stake in American Greetings, a designer, manufacturer and distributor of greeting cards, as well as gift...
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February 21, 2018, 08:00 AM
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Abacus Finance Group, LLC (Abacus), a New York-based direct lending company, announced that it served as Administrative Agent and Lead Arranger for $20.5 million in senior secured credit facilities to support the leveraged buyout of American...
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November 14, 2017, 07:21 AM
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Abacus Finance Group, LLC (Abacus), a New York-based direct lending company, announced that it served as Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged buyout of BCC Software LLC, (BCC) by...
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November 07, 2017, 07:11 AM
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Abacus Finance Group, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lender for $21.7 million in...
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September 19, 2017, 07:15 AM
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Abacus Finance Group, LLC (Abacus), a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lead Arranger...
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August 01, 2017, 07:05 AM
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Mergers and acquisitions activity in the middle market hit a ten-year high in the first half of 2017, with 5,260 deals completed during the period, according to data from Thomson Reuters. As reported by Mergers & Acquisitions, that's a 12 percent...
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July 10, 2017, 07:59 AM
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A Reuters article notes higher company valuations and lenders wary of risky investments are pushing private equity firms to increase the size of equity contributions, or checks, for leveraged buyouts near historic highs in the face of fierce...
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August 29, 2016, 08:02 AM
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The ongoing increase in leverage finance issuance and other related factors do not indicate that a return to the leveraged buyout (LBO) boom days of 2006-07 is likely, according to a new Fitch Ratings report.Fitch's report, 'U.S. Leveraged Finance...
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June 11, 2013, 07:43 AM
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