Ares Management provided two-thirds of the unitranche financing of private equity group Apax Partners’ acquisition of Norwegian-headquartered satellite communication business Marlink.
1 min read · 09 June 2016
ING has backed international investor The Olayan Group, underwriting a $570 million bridge loan for the Middle Eastern family office’s acquisition of the Sony Building in Manhattan, PDI sister publication Real Estate Capital reports.
2 min read · 08 June 2016
A mediator in the Las Vegas gaming behemoth’s Chapter 11 case filed a statement saying he thinks an agreed-upon reorganisation was out of the picture.
2 min read · 08 June 2016
EIG said it had not consented to Intervention Energy's Chapter 11 filing, meaning the debtor improperly sought court protection.
2 min read · 07 June 2016
Multiple lenders advised by the alternative asset management firm were first-lien lenders to Warren Resources before it sought bankruptcy protection.
2 min read · 07 June 2016
Houlihan veteran Derick Pitts is to join Peter J. Solomon Company in September to lead the firm’s restructurings practice.
1 min read · 07 June 2016
Axa IM Novalto_CLO Credit Fund focuses on investing in mezzanine debt tranches of CLOs. A pension fund has already committed $50m.
2 min read · 07 June 2016
Arrowpoint Partners, which last year formed a dedicated direct lending business, has been hiring credit and business development staff.
1 min read · 07 June 2016
Howard Widra, formerly the head of Apollo-owned MidCap Financial, is taking over the reins from Ted Goldthorpe.
2 min read · 06 June 2016
Redwood Trust is selling off a $241.3 million commercial loan portfolio consisting mainly of mezzanine loans, the sale of which will complete the firm’s exit from the commercial loan business, reports PDI sister publication Real Estate Capital.
2 min read · 06 June 2016
