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Golub Capital, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, provided a GOLD financing and equity co-investment to support the acquisition of Active Day Senior Care by Audax Private Equity.
GOLD financings are Golub Capital One-Loan Debt facilities.
Active Day is a leading operator of adult day health services in the United States with 80 locations across the country. Each of its adult day health centres enables frail, elderly and disabled adults to live at home and remain independent in their communities, while receiving health care and supervision during the day, as well as providing relief and respite
Private equity firm Audax Group has partnered with management to acquire Active Day / Senior Care, a national adult care day provider, from Clearview Capital. Terms of the transaction have not been disclosed.
Headquartered in Trevose, Pennsylvania, Active Day / Senior Care is a leading national provider of adult day health services and in-home personal care. With more than 80 locations across the country, the Company provides therapeutic activities, opportunities for socialisation, and expert health and nursing care to improve its members’ daily functioning and delay the onset of chronic illness. The Company’s in-home senior care provides assistance with daily
Bravia Capital is to open a new office in Seoul, South Korea headed by Tony Chang, who has joined the firm as Vice President and Global Head of Strategic Relations to focus on the firm’s strategic partnerships globally.
Chang has 8 years of experience in fixed income and private equity investments, investment advisory and capital raising.
Established in 2000, Bravia Capital leads investment opportunities and offers co-investment opportunities to third parties with significant value-add transaction services and support. Bravia Capital specialises in transportation, logistics, infrastructure and financial services sectors and has successfully invested in transactions with a total enterprise value
Parthenon Capital Partners has completed its previously announced acquisition of Millennium Trust Company, a provider of technology-enabled asset custody solutions for institutions, advisors, and individuals.
Headquartered in Oak Brook, IL, Millennium Trust was established in 2000 to meet the market’s growing need for a more flexible provider of administrative and custodial services for both retirement and taxable investment accounts. Servicing the needs of individuals, institutions and advisors, the Company has continued to experience significant growth over the past few years across its three product areas: Rollover Solutions, Alternative Asset Custody Solutions, and Private Fund Custody.
The targets nascent sectors
Options available to fund managers marketing into Europe under the Alternative Investment Fund Managers Directive (AIFMD) will be the focus of a Guernsey funds masterclass in London next year.
The event, which takes place at the British Museum on Wednesday 3 February, will feature a panel debate among leading figures from the funds industry and a keynote speech from Lord Flight. The panel discussion will examine the benefits and suitability of National Private Placement (NPP) regimes and third country passporting under AIFMD.
In July the European Securities and Markets Authority (ESMA) made its recommendation to grant Guernsey a third country
Luxembourg is prepared and has a key role to play in ensuring the success of the new European Long-Term Investment Funds (ELTIFs), which came into being this week, according to the Association of the Luxembourg Fund Industry (ALFI).
ELTFIs have been established by the European Commission in a bid to give new impetus to the continent’s economic recovery.
“The objective of the EU in setting up ELTIFs was to boost smart, sustainable and inclusive growth,” says Denise Voss (pictured), Chairman of ALFI. “Take-up of the new funds may be a gradual process, but we believe that Luxembourg has the in-depth
SL Capital Partners is expanding its capabilities with a senior hire, appointing John Seal as Head of Private Junior Debt.
Seal has significant experience in the European direct and syndicated leveraged loan markets through his time as founder and Managing Partner at New Amsterdam Capital, a specialist debt investment firm based in London, and as a Director in high yield capital markets at Barclays Capital. Prior to this he held a number of roles in leveraged finance, based in New York.
Seal says: “I’m very excited to be joining the SL Capital team as they continuously expand their reach
GoEuro.co.uk, a platform for planning and booking all rail, bus and air transportation, has announced the closure of a Series B funding round totalling USD45 million.
The funding was led by Goldman Sachs and joined by new investors including Atomico, Yuri Milner and Tom Stafford, Sebastian Siemiatkowski (Klarna) and Ilkka Paananen (Supercell).
Naren Shaam, Founder and CEO of GoEuro, says: “This new investment is a huge endorsement to the progress we have made since our launch two and a half years ago. It will allow us to further accelerate our growth, and continue to build the most comprehensive platform for
Private equity firm CVC Capital Partners is to open a new office in São Paulo, Brazil in early 2016, to cover Latin America, extending the firm’s global network to 24 offices.
Jean-Marc Etlin, a leading banker in the region with more than 30 years of experience, will join the firm in January as Head of Latin America.
Etlin joins CVC Capital Partners from Itaú BBA, the largest corporate investment bank in Brazil, where as a member of the Management Committee since 2005, he was the Chief Executive Officer of Itaú BBA Investment Bank and was also responsible for the
Investindustrial is to acquires 100 per cent of the capital of luxury shoemaker Sergio Rossi from Kering. The deal includes all the industrial assets of Sergio Rossi, the rights attached to the brand and the entire distribution network.
The agreement will allow the Sergio Rossi brand to continue its path of development with a strategic partner that can support the brand solidly and with prospects for long-term growth.
Sergio Rossi is one of the most famous Italian luxury footwear brands, long known for its high quality production of shoes. The company has built its credibility on its unique craftsmanship and
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