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Stock Market & Financial Investment News

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January 29, 2013
16:48 EDTMCGCMCG Capital provides $23.7M in financing to Oceans Healthcare
MCG Capital Corporation announced the closing of a $23.7 million investment in Oceans Acquisition . MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit. Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services. MCG’s investment is made in conjunction with the acquisition of Oceans Healthcare by General Catalyst Partners, a venture capital and growth equity firm with $2.2 billion under management. General Catalyst invests in both early and growth stage companies and partners with exceptional entrepreneurs who are building innovative companies and transforming industries.
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