Virginia’s MCG Backs Oceans Healthcare

Circle Connections: Mergers & Acquisitions MCG Capital Corporation announced the closing of a $23.7 million investment in Oceans Acquisition Inc. (Oceans Healthcare). 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 . . .