Tag: CapitalSource
Finance virtual roundtable: The most interesting deals of 2013 and predictions for 2014
December 30, 2013Martha Entwistle
Every January, Security Systems News asks security finance experts to share their opinions on deals done, valuations sought and won, and prospects for buyers and sellers in the coming year. This year, the following experts participated in a virtual roundtable discussion: Jennifer Holloway, managing director, Security Industry Group, at The PrivateBank and Trust Company, a Chicago-based commercial bank and wealth management institution with a national specialty lending group dedicated solely to the...
CapitalSource to merge with PacWest Bancorp in $2.3b deal
July 24, 2013Martha Entwistle
CENTURY CITY, Calif.—CapitalSource will still be a source of lending for the security industry after it merges with PacWest Bancorp in a $2.3 billion deal early next year. In fact, CapitalSource's managing director Will Schmidt says he expects the security team to grow in the next few months.“The merger will impact the security group only in a positive way,” Schmidt told Security Systems News. PacWest is supportive of CapitalSource's “streamlined credit process,” he...
ISC West 2013: Day 1 & 2
April 12, 2013Martha Entwistle
Lots of people on the show floor on Wednesday! 29,900 square feet of exhibit space and 1003 booths, is what I heard.
Wednesday started for me with the Axis Press Breakfast, where the network camera company introduced three new cameras and an upgraded Axis Camera Companion. In 2012, there were 60,000 downloads of the software, according to Axis' Fredrik Nilsson.
The cameras of the future will be customized for customers with apps, the same way we currently customize our smartphones, Nilsson...
Big buy, another new region in store for ASG?
April 3, 2013Martha Entwistle
BELTSVILLE, Md.—Anticipating new acquisition opportunities, ASG Security last week closed a deal to increase its credit facility by $20 million, to $270 million. And it has the opportunity “to increase the facility by another $30 million,” ASG CFO Ralph Masino told Security Systems News.Joe Nuccio, ASG CEO, said ASG “wants to be prepared.”“2013 is different from 2012. The election is over and things are starting to settle down. There are some [acquisition] opportunities...
Following the money: Schmidt, Barnes and Christhilf talk deals, valuations and taxes
December 12, 2012Martha Entwistle
YARMOUTH, Maine—A number of big deals happened in 2012: the split-up of Tyco, the acquisition of Vivint and the creation of Securadyne, to name a few. As the end of the year approached, Security Systems News conducted a virtual roundtable with industry experts about the deals that went down and those that did not. How did valuations compare to 2011, and were buyers' and sellers' expectations matching up?Weighing in on these topics were Will Schmidt, managing director of CapitalSource; Michael...
Security Networks ups credit facility by $100 million
May 2, 2012Martha Entwistle
WEST PALM BEACH, Fla.—Security Networks, a super-regional based here, announced April 30 that it has extended its credit facility by $100 million, bringing the total to $250 million.“It allows us to stay ahead of the curve in terms of our capital structure, to execute our business plan,” Rich Perry Security Networks CEO told Security Systems News.The company is “40 percent over planned production” so far in 2012 and has had about 38 percent CAGR for the past five years....
ASG ups credit facility to $250m
April 25, 2012Martha Entwistle
BELTSVILLE, Md.—ASG Security now has a quarter of a billion dollars on hand, thanks to a recent $20 million extension of its previous $230 million credit facility, the company announced April 25.ASG closed that $230 million facility just over a year, in January 2011. Why add to it now?“The capital is available and terms are very favorable,” ASG CFO Ralph Masino told Security Systems News. “We didn't need the additional capacity today, but it gives us ample dry powder to...
DTT Surveillance recapitalizes
March 21, 2012Martha Entwistle
Updated March 23, 2012BOSTON—BV Investment Partners, a private equity firm based here, is the new owner of DTT Surveillance, a provider of managed surveillance and business intelligence to the restaurant and hospitality industries, following a recapitalization announced March 15. The deal includes a $40 million credit from Capiltal One Bank.“We recapitalized the debt and some of the equity,” Marco Ferrari, co-founder and principal at BV, told Security Systems News. “We now...
Vivint closes $762m refi
March 7, 2012Martha Entwistle
PROVO, Utah—In a deal that includes 20 lenders, Vivint announced Feb. 29 that it has closed a new $762 million senior debt financing, $72 million more than the residential security and home automation provider's previous financing.“We now have 20 banks investing,” Christopher Black, Vivint CFO, told Security Systems News. “Nine of those banks are new and most are new to the security industry as well.”The new lenders include private equity groups, hedge funds, small regional...
EGD secures $42.5m
September 8, 2011Martha Entwistle
COLUMBIA, S.C.—Electric Guard Dog, based here, a manufacturer and installer of a solar-powered perimeter security system that is electrified and monitored by a central station, announced this week that it secured a new $42.5 million credit facility with CapitalSource.
The new facility represents a $12.4 million increase to its existing credit facility. CapitalSource managing director Will Schmidt said EGD has “found a way to build significant RMR by providing perimeter protection, an...