Private Credit Club Snags $2.9bn ManTech Buyout Debt

Private Credit Club Snags $2.9bn ManTech Buyout Debt

A consortium of private credit firms has lined up a roughly $2.9bn debt package backing Carlyle Group Inc.’s acquisition of US government contractor ManTech International marking the latest win for deal-hungry direct lenders.   The group of lenders includes the credit...
NewSpring Holdings exits Avantus Federal in $590m Deal

NewSpring Holdings exits Avantus Federal in $590m Deal

QinetiQ US, a wholly owned subsidiary of QinetiQ Group and a leading defence company is to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590m. The combination of QinetiQ US and Avantus will create a powerful growth platform to...
AllianceBernstein closes latest real estate debt fund on $1.3bn

AllianceBernstein closes latest real estate debt fund on $1.3bn

US investment firm AllianceBernstein has closed Commercial Real Estate Debt Fund IV with $1.3bn of capital commitments. The firm said Fund IV will deploy a value-add transitional lending strategy. AB launched the US commercial real estate debt platform in 2013. It...