Privately-held company will continue as an independent leading provider of mission-critical aerospace systems and componentsRADNOR, Pa. and NEW YORK and BOSTON, July 24, 2025 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today announced the completion of its previously announced acquisition by growth-focused private equity firms Warburg Pincus and Berkshire Partners, becoming an independent privately-held company. With the completion of the transaction, Jorge L. Valladares III ...

Core Insights - MSC Income Fund, Inc. has reported significant activity in its private loan portfolio during the second quarter of 2025, with new or increased commitments totaling $65.5 million and total investments funded amounting to $44.0 million [1][2] Group 1: Private Loan Portfolio Activity - As of June 30, 2025, MSC Income's private loan portfolio consists of total investments at cost of approximately $764.3 million across 82 unique companies [2] - The portfolio is primarily composed of 93.2% first lien debt investments and 6.8% equity investments or other securities [2] Group 2: Investment Strategy - The company primarily provides debt capital to private companies that are owned by or in the process of being acquired by private equity funds, focusing on leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions [3] - MSC Income seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy [3] Group 3: Portfolio Company Characteristics - The private loan portfolio companies generally have annual revenues between $25 million and $500 million, while the lower middle market portfolio companies typically have annual revenues between $10 million and $150 million [3]

Core Viewpoint - MiddleGround Capital has entered into a definitive agreement to sell Arrow Tru-Line, a leading manufacturer of overhead garage door hardware, to the Chamberlain Group, a global leader in intelligent access and monitoring solutions [1][3]. Company Overview - Arrow Tru-Line (ATL) is a market leader in manufacturing and distributing metal garage door components, serving OEMs, distributors, and installers across North America [2]. - Founded in 1970 and headquartered in Archbold, Ohio, ATL operates six manufacturing and distribution facilities in the U.S. and Canada [2][6]. Transaction Details - The sale of ATL marks MiddleGround's third full exit from its first fund, which closed in August 2019 with $460 million in assets [3]. - The transaction is expected to provide liquidity to MiddleGround's investors while positioning ATL for future growth under the Chamberlain Group [3]. Operational Improvements - Since acquiring ATL in late 2021, MiddleGround has helped improve the company's manufacturing capabilities and operational efficiencies, leading to enhanced free cash flow conversion and profitability [3]. - ATL's management team has vertically integrated the business, aligning its product portfolio to meet the growing demand in the U.S. housing market, driven by factors such as aged housing stock and increased homeowner equity [3]. Market Position and Future Outlook - ATL is well-positioned to capitalize on industry trends, including accelerated demand for residential repair and remodeling, new housing construction, and increased commercial construction in North America [3]. - The combined platform of ATL and Chamberlain is expected to deliver greater value through complementary product offerings [3].

Core Insights - Banner Capital Management has successfully closed a portfolio recapitalization into Banner Capital Fund I and launched Banner Capital Fund II [1][4] Fund I - Fund I is a multi-asset continuation fund with over $400 million in capital commitments, aimed at acquiring interests in eight pre-fund portfolio companies [2] - Hamilton Lane acted as the lead investor, with many pre-fund investors retaining significant interests in the portfolio companies through this new vehicle [2] - The transaction provides additional time and capital for portfolio companies while offering partial liquidity to pre-fund investors [2][3] Fund II - Fund II is a lower middle market buyout fund with a target size of $200 million, following the close of Fund I [4] - A preliminary closing for Fund II was held to facilitate the Western Pavement Services transaction, with participation from the Larry H. & Gail Miller Family Foundation and other legacy LPs [4][5] - A traditional first closing for Fund II is anticipated in Q4 2025 [4] Company Overview - Banner Capital Management focuses on providing partnership capital to family-owned and founder-led businesses across the Western United States, investing in sectors such as industrial, services, consumer, and healthcare [6] - As of the closing of Fund I, Banner has $653 million in assets under management [6][7]