GSC Finds Backer

MacFadyen, Ken
April 2010
Mergers & Acquisitions Report;4/19/2010, Vol. 23 Issue 16, p10
The article reports on the decision of business development firm GSC Investment Corp. to sign a recapitalization deal which gives CLO Partners and private equity company Saratoga Investment Advisors a minority stake in the firm. It says that the deal is supported by a senior secured revolving credit facility worth 40 million U.S. dollars from Madison Capital Funding. According to the author, GSC faced liquidity issues during the credit crisis, after which it has been de-leveraging. The terms of the deal are also discussed.


Related Articles

  • YOUNG PE LENDER GAINS A FIRM FOOTHOLD IN THE INDUSTRY. Fugazy, Danielle // Mergers & Acquisitions: The Dealermaker's Journal;May2007, Vol. 42 Issue 5, p64 

    The article profiles private equity company, Madison Capital Funding. The firm has only been in business since 2001 but has managed to make significant inroads into the private equity community. The company is one of the more highly regarded lenders in the private equity realm. Since its...

  • Circle of Trust. Marino, Jonathan // Mergers & Acquisitions: The Dealermaker's Journal;Feb2009, Vol. 44 Issue 2, p46 

    The article focuses on the commitment of Madison Capital Funding LLC to put their relationship ahead of what could have been their first instinct to run. According to Chris Williams, senior managing director of the company, they are a relationship-oriented lender and they only do sponsor-related...

  • Cortec Buys 180 Medical. Marino, Jonathan // Mergers & Acquisitions Report;9/28/2009, Vol. 22 Issue 39, p23 

    The article reports on the majority stake acquired by New York-based private equity firm Cortec Group in 180 Medical Inc., maker of single use urologic catheters, in September 2009. The senior loan syndication was advised by Madison Capital Funding. Company executive Jeffrey A. Lipsitz of Cortec...

  • As Primary Market Heats Up, Secondary Cools. R. K. // Bank Loan Report;11/23/2009, Vol. 24 Issue 45, p1 

    The article reports on the deals made by several private equity firms and corporate issuers towards the development of primary loan market in the U.S. It is stated that the volume of primary loans has increased to 5.1 billion dollars in October 2009 from 2.5 billion dollars in September 2009. In...

  • Fighting Demons. Bookstaber, Richard // Multinational Monitor;Jul/Aug2008, Vol. 29 Issue 1, p55 

    The author presents his testimony to the U.S. House of Representatives Financial Services Committee in October 2007, regarding the problems with the financial system. He states that the complexity of the markets and the tendency for the markets to move rapidly into a crisis mode with little time...

  • Financial Services Companies Heat Up M&A Market.  // Mergers & Acquisitions: The Dealermaker's Journal;May2014, Vol. 49 Issue 5, pA2 

    The article presents an interview with several experts in financial service industry regarding mergers and acquisitions. Individual who are interviewed include Christopher Ackerman, managing director of Flexpoit Ford LLC, Thomas Castello, principal at Baird Capital, and William Kindorf, head of...

  • Tough Times for Deep Pockets. El-Erian, Mohamed A. // Newsweek (Pacific Edition);2/18/2008 (Pacific Edition), Vol. 151 Issue 7, p44 

    The article reports on private equity firms and international finance. In the face of the financial crises hampering the U.S., changes in the prominence of financial services in the industry have happened such as an increase in private equity firms. However, there is less financing available for...

  • 2 mid-Atlantic leasing firms combine operations. Nathan, Sara // American Banker;9/8/1997, Vol. 162 Issue 172, p15 

    Reports on the merger of Harbor Equipment Leasing and Fox-Valley Leasing to form the Madison Capital LLC. Terms of the agreement; Product and service base; Merger as a defensive strategy against banks' takeover of small leasing companies.

  • INVESTING IN- Middle Market Loans.  // Pensions & Investments;11/25/2013 Supplement, Vol. 41, p4 

    An introduction is presented in which the authors discuss various reports within the issue on topics including the relative value of corporate loans, limited secondary liquidity, and loans issued by middle market companies in America.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics