Clarus Capital announced the expansion of its investment facility in collaboration with BharCap Partners. Steve O'Leary, CEO of Clarus Capital, highlighted the importance of this milestone, said, "Amid recent market volatility, Clarus continues to...
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February 26, 2024, 07:30 AM
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Clarus Capital completed the arrangement of a combined $55 million U.S. and Canadian lease facility for a leading multi-sponsor-backed business service provider. Financing proceeds supported strategic growth initiatives, liquidity planning, and M&A....
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February 14, 2024, 07:31 AM
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Clarus Capital completed a new $20 million loan facility for a sponsor-backed IT service provider. The funding will support investments in critical data center equipment to expand capacity and refresh existing technology as part of the company’s...
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January 09, 2024, 07:45 AM
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Clarus Capital completed an add-on to an existing equipment lease facility for a multi- sponsor backed specialty logistics services provider. Incremental proceeds from the lease facility, now totaling $40 million, will continue to support corporate...
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October 23, 2023, 08:11 AM
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Clarus Capital hired Jake Skivington to join its sponsor origination effort. Skivington will be located in the firm’s New York office.Prior to joining Clarus, Skivington was a Managing Director on the Leveraged Finance team at Guggenheim Securities...
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October 18, 2023, 07:45 AM
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Clarus Capital completed a new $7 million lease facility for a sponsor-backed manufacturer of specialized land management equipment. The funding will support strategic capital investments to expand capacity, drive production efficiency, and optimize...
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October 10, 2023, 07:00 AM
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Clarus Capital completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. Financing proceeds will support the installation of new essential use production equipment across multiple facilities.Clarus CEO Steve...
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May 22, 2023, 06:00 AM
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Clarus Capital completed the arrangement of a $70 million lease facility for a leading sponsor-backed transportation service provider. Financing proceeds supported strategic growth initiatives and fleet expansion. Clarus funded half of the facility...
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May 15, 2023, 07:29 AM
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Clarus Capital completed a new $30 million Lease Facility for a specialty logistics provider with hubs at major infrastructure facilities around the U.S. and abroad. Financing proceeds will support corporate liquidity, new equipment purchases, as...
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May 08, 2023, 06:00 AM
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Clarus Capital announced it has launched as a new commercial finance company focused on delivering efficient capital solutions to finance tangible assets for leveraged middle market companies. Clarus offers lease and loan products with various end-of...
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December 15, 2021, 08:07 AM
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NewStar Financial Inc. announced the sale of its equipment finance business and related assets to Boston-based Radius Bank ("Radius"), a federal savings association, for approximately $140 million in cash. NewStar Equipment Finance is an...
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December 02, 2016, 07:29 AM
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NewStar Financial, an internally-managed commercial finance company and asset manager, announced its liquid credit platform, NewStar Capital LLC (“NewStar Capital”), completed a $410 million broadly syndicated loan securitization known as Arch Street...
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September 22, 2016, 07:09 AM
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NewStar Financial announced that John Frishkopf will retire from the company as of September 30, 2016. Frishkopf was a founding member of the firm and has served as Treasurer and head of its Asset Management group since NewStar’s inception in 2004. ...
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August 12, 2016, 07:27 AM
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NewStar Financial Inc. announced the sale of its asset-based lending subsidiary, NewStar Business Credit LLC (“NSBC”), to Sterling National Bank, a wholly owned subsidiary of Sterling Bancorp for approximately $112 million in cash, net of debt...
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April 01, 2016, 07:54 AM
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NewStar Financial Inc., an internally-managed commercial finance company, announced it completed a $398 million term debt securitization known as NewStar Commercial Loan Funding 2015-2. All floating rate classes of notes were priced at par. NewStar...
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September 22, 2015, 07:14 AM
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NewStar Financial announced it has agreed to acquire Feingold O'Keeffe Capital, LLC d/b/a FOC Partners ("FOC"), a private alternative asset management firm based in Boston, Massachusetts. The acquisition will add approximately $2.3 billion to...
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September 17, 2015, 07:44 AM
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NewStar Financial, a specialized commercial finance company, GSO Capital Partners, the credit division of Blackstone, and Franklin Square Capital Partners, the largest manager of business development companies, announced today that they have formed a...
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November 06, 2014, 07:44 AM
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NewStar Financial has increased the size of the NewStar Arlington Senior Loan Program (the "Arlington Fund" or the "Program") to $400 million and completed a term debt securitization to provide leverage for the Program. The Arlington Fund was formed...
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July 02, 2014, 07:27 AM
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NewStar Financial Inc., a specialized commercial finance company, announced that it completed a $348 million term debt securitization known as NewStar Commercial Loan Funding 2014-1. All floating rate classes of notes were priced at par and the...
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April 24, 2014, 07:04 AM
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NewStar Financial reported consolidated net income of $6.4 million for the fourth quarter of 2013. Net income excluding the results of the Arlington Fund, a consolidated variable interest entity ("VIE"), was $6.2 million. These results compare to net...
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February 13, 2014, 07:23 AM
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NewStar Financial, Inc., a specialized commercial finance company, announced that it has amended an existing credit facility with Wells Fargo Bank N.A., increasing the commitment amount by $100 million to $275 million with an accordion feature that...
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December 04, 2013, 07:55 AM
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NewStar Financial completed a $400 million term debt securitization known as NewStar Commercial Loan Funding 2013-1. All classes of notes were priced at par and the transaction was upsized from $350 million, reflecting broad participation among...
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September 13, 2013, 07:19 AM
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NewStar Financial announced it has named banking veteran Pat McAuliffe to lead its Leveraged Finance business and added senior bankers, Eric Herr and Matt Colucci, to its Leveraged Finance origination team as managing directors. With the additions of...
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June 05, 2013, 08:06 AM
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NewStar Financial Inc. announced that it has amended and restated its senior secured notes to increase the amount to $200 million, extend the term to five years and reduce the interest rate among other things. The notes were rated BB- by Standard &...
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May 17, 2013, 07:18 AM
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NewStar Financial announced it hired banker Wes Frangul as a managing director in its Chicago office. Frangul will join Jason Wendorf and Eric Barton to broaden NewStar's regional marketing activities with responsibility for generating new financing...
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April 15, 2013, 08:02 AM
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NewStar Financial announced that it has formed a new managed credit fund, NewStar Arlington Fund LLC (the "Fund" or "Arlington"), in partnership with an institutional investor to co-invest in middle market commercial loans originated by NewStar. The...
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April 09, 2013, 07:46 AM
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NewStar Financial completed a $325 million term debt securitization known as NewStar Commercial Loan Funding 2012-2. All classes of notes were priced at par and the transaction was upsized from $300 million, reflecting broad participation among...
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December 19, 2012, 07:23 AM
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NewStar Financial reported net income of $6.1 million for the third quarter of 2012. These results compare to net income of $3.4 million in the third quarter of 2011 and $5.6 million in the prior quarter. Income before income taxes (pre-tax income)...
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November 07, 2012, 07:57 AM
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