UK law firm Shepherd and Wedderburn has acted for Safestay in its GBP18.4 million debt restructuring and refinancing with HSBC.   The Shepherd and Wedderburn team also acted for the group in completing sale and leaseback transactions on Safestay’s hostels in Edinburgh and London’s Elephant & Castle.    Those transactions raised

PNC Bank has closed a USD37 million senior secured credit facility for Derby Fabricating Solutions, a portfolio company of Prophet Equity Management.   PNC Capital Markets led the syndication as sole lead arranger, with PNC Bank serving as administrative agent. Steel City Capital Funding, a division of PNC Bank, provided a

Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD28 million senior credit facility to support the merger of two consumer products research companies.   The merger will form the leading consumer products and testing research company in its industry.   The combined

Noerr has advised Anschutz Entertainment Group in setting up a strategic partnership in the German cycling market.   Together with the Amaury Sport Organisation, it intends to revive the most important German stage race in road cycling, the Deutschland Tour.   The goal of the joint venture is sustainable development

Harvest Partners, a New York-based private equity firm, and Varsity Healthcare Partners (VHP) have completed a recapitalisation of EyeCare Services Partners (ESP). Harvest has acquired Varsity’s majority ownership interest in the company.   The company’s management team, led by CEO Michael Fricke and other doctor shareholders, will continue to lead

Tikehau IM has led a EUR60 million unitranche to support the recapitalisation of Terratest, an international provider of geotechnical engineering and foundations solutions.   Founded in 1959 in Spain, Terratest provides foundation work, ground improvement and micro-tunnelling services for large-scale international infrastructure projects, industrial, commercial and residential construction.   Los

Independent Growth Finance (IGF), a commercial finance provider for SMEs, has delivered a GBP650,000 facility to European Packaging Distributors (EPD), made up of a GBP500,000 invoice finance and a GBP150,000 revolving cashflow facility.   EPD sought a new finance partner as the incumbent financier was unable to offer the facilities

L Squared Capital Partners, together with Longview Asset Management, has partnered with Oracle management to recapitalise the company.   Financial terms of the transaction have not been disclosed.   Oracle represents L Squared’s sixth platform investment over the last three years. Founded in 2004 with 22 branch locations across 13

Finance platform Lendable has secured a USD550,000 debt financing for Raj Ushanga House (RUH), the Kenya distributor for Azuri Technologies, a provider of pay-as-you-go (PayGo) solar energy solutions. Using a data driven “receivables financing” solution, capital is secured by future customer revenues from a portfolio of over 7,000 RUH PayGo

CVC Credit Partners’ US middle market private debt business acted as administrative agent on a first lien senior secured debt facility provided to Wastewater Specialities (WWS).  The proceeds were used to refinance existing debt and support future growth through equipment purchases.    Headquartered in Lake Charles, Louisiana and employing over