WHITE PLAINS, N.Y., Jan. 3, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that it closed $422 million of investments during the first fiscal quarter ended December 31, 2012. Of these investments, $391 million were funded at closing. Fifth Street also received $94 million due to refinancings, partial refinancings and sales of portfolio investments during the quarter. As a result, the investment portfolio grew by $297 million, an increase of 23% to approximately $1.6 billion from the prior quarter ended September 30, 2012 fair value of $1.3 billion.
- $40.0 million of first lien and second lien credit facilities in support of Thoma Bravo, LLC's acquisition of Deltek, Inc., a provider of enterprise software and information solutions. Fifth Street served as Syndication Agent on both the first lien and second lien facilities for this transaction. This was Fifth Street's third deal with San Francisco, CA and Chicago, IL-based Thoma Bravo, LLC.
- $30.0 million of first lien and second lien credit facilities in support of Lindsay Goldberg LLC's recapitalization of First American Payment Systems, L.P., a full-service payment processor serving small to medium-sized businesses. Fifth Street served as Documentation Agent on the second lien facility for this transaction. This was Fifth Street's second deal with New York, NY-based Lindsay Goldberg LLC.
- $31.5 million of mezzanine debt and equity co-investment in support of The Sterling Group, L.P.'s acquisition of Dexter Axle Company, a designer and manufacturer of trailer axle, brake and suspension assemblies and replacement parts in the industrial and utility trailer and RV markets. This was Fifth Street's third deal with Houston, TX-based The Sterling Group, L.P.
- $90.0 million of one-stop debt in conjunction with two transactions by Chicago Growth Partners ("CGP"), including a $51.0 million one-stop debt facility in support of CGP's recapitalization of Teaching Strategies, Inc. Teaching Strategies, Inc. is a provider of early childhood educational resources, including curriculum and web-based assessment products. Fifth Street served as Administrative Agent for both transactions, which were Fifth Street's fourth and fifth deals with Chicago, IL-based CGP.