Citizens Leads $1.2B Asset-Based Senior Credit Facilities for PRO Unlimited

Citizens provided financing to San Francisco-based PRO Unlimited Global Solutions Inc. Established in 1991, PRO Unlimited is a leading provider of end-to-end contingent workforce management solutions to a broad range of global clients and has been a Citizens client for more than 10 years. Immediately following the aforementioned transaction, Citizens led a $265m upsize to the […]

Audax Private Debt provides financing for MSouth Equity Partners

Audax Private Debt, as Administrative Agent and Sole Lead Arranger, has provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centres (Summit) by MSouth Equity Partners (MSouth), an Atlanta-based private equity firm. Based in Lawrenceville, GA, Summit is an operator of ambulatory surgery centers and pain management clinics in the […]

NH Investment finances Carlyle’s $2 bn deal to buy Siemens mechanical drives unit

NH Investment & Securities Co., a brokerage unit of South Korea’s NongHyup Financial Group, has joined the financing syndicate behind Carlyle Group Inc.’s 2-billion-euro ($2.4 billion) deal to buy Siemens AG’s mechanical and electrical drives unit and expects a return of 5 percent per annum. The Korean brokerage pooled about 300 billion won ($267.9 million) […]

Asda: How to buy a £6.8bn supermarket for £780m

The Issa brothers have completed the deal to buy Britain’s third-largest supermarket chain. Asda was valued at £6.8bn, but the brothers and the PE-firm TDR Capital paid just £780m. The rest was borrowed. So how does this kind of deal work? And will it leave Asda with too much debt? TDR Capital, PE-firm specialised in […]

Food delivery platform Wolt raises $500m from global investor group

The Finnish company will announce investment from KKR and Tiger Global as soon as Tuesday, Sky News understands. Another of Europe’s food delivery giants is raising hundreds of millions of pounds to fund its expansion, underlining the frenzy of global investor interest which has gripped the sector. Sky News has learnt that Wolt, a Finnish […]

Altius Participates in Lithium Royalty Corporation Financing

LRC, of which Altius is a 12.6% founding level investor, has agreed to a US$40 million investment by New York based private equity firm Riverstone Holdings, part of a larger US$70.7 million offering by LRC. Pursuant to this investment Altius has exercised its pro-rata equity participation right (through investments in affiliated limited partnership LRC LP […]