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California Department of Financial Protection and Innovation Announces Proclamation of an Extraordinary Situation
January 9, 2025the Bank Extraordinary Situation Closing Act, under Financial Code section 1092, empowers the Commissioner of the Department of Financial Protection and Innovation, by proclamation, to authorize state‐chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary situation has ended, or until the officers of the bank determine that one or more offices should reopen.
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Expansion Capital Group Secures $100 Million Credit Facility to Accelerate Growth
January 9, 2025Expansion Capital Group (ECG), a leading provider of working capital solutions for small businesses, proudly announces the successful closing of a $100 million credit facility. This achievement reinforces ECG’s dedication to empowering small businesses nationwide by delivering fast and dependable access to capital.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces that Donna Alexander has Joined the Company
January 9, 2025SLR Equipment Finance (SLR EQF) is pleased to announce Donna Alexander has joined our company as a Senior Vice President, Direct Sales. In her role, Donna will help grow SLR Equipment Finance’s leasing and lending activities in the central region of the U.S. Donna began her career with General Electric Capital Corporation.
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ACON Investments, Alongside Strategic Partner SB360, Acquires True Religion, An Iconic Lifestyle Brand
January 9, 2025ACON Investments, L.L.C. and its affiliates (“ACON”) today announced the acquisition of a controlling stake in True Religion (“True Religion” or the “Company”), a lifestyle, apparel and accessories brand known for its quality craftsmanship, unique designs and premium stitching. Financial terms of the transaction were not disclosed.
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SSG Advises Fluid Truck Inc. in the Sale of Substantially All Assets to Kingbee Rentals, LLC
January 9, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Fluid Market, Inc., and its affiliates d/b/a Fluid Truck Inc. (collectively “Fluid” or the “Company”) in the sale of substantially all assets to Kingbee Rentals, LLC (“Kingbee”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware and closed in December 2024.
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CIBC Announces Promotions Within Asset-based Lending Team
January 9, 2025Naber and Susan Lanz within its Asset-based Lending (ABL) team. These promotions recognize their significant contributions and leadership abilities, reinforcing the bank’s commitment to helping clients reach ambitious possibilities.
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Blank Rome Welcomes Leading Corporate Partner Stephen C. Koval in New York
January 9, 2025Blank Rome LLP is pleased to announce that Stephen “Steve” C. Koval has joined the firm’s New York office as a partner in the Corporate, M&A, and Securities group. A well-known dealmaker, Steve focuses his practice on structuring and negotiating complex business and private equity (“PE”) transactions, including public and private mergers, acquisitions, divestitures, carveouts, and recapitalizations.
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First Citizens Bank Provides More Than $30 Million in Financing to Stockdale Capital Partners to Acquire Two Medical Outpatient Buildings
January 9, 2025First Citizens Bank today announced that its Healthcare Finance division has provided more than $30 million in financing to Stockdale Capital Partners for its acquisition of medical outpatient buildings in California and Texas.
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MONTICELLOAM, LLC Funds $22M Working Capital Facility for Skilled Nursing Portfolio
January 9, 2025MONTICELLOAM, LLC (“MonticelloAM”), has announced the closing of a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities.
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Bonaccord Capital Announces Fund II Final Close at $1.6B
January 9, 2025Bonaccord Capital Partners announced the final close of its second GP Stakes fund, Bonaccord Capital Partners II with $1.6 billion in total commitments.
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Citizens M&A Outlook Finds Dealmaker Sentiment at a Five-Year High
January 9, 2025Optimism about the dealmaking environment has reached a five-year high, according to Citizens’ 2025 M&A Outlook. The 14th annual survey of 400 leaders at U.S. middle-market companies and private equity firms revealed that 54% of decision-makers believe the current M&A environment is strong.
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CIT Northbridge Provides $30 Million Credit Facility to Ice Services
January 9, 2025First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $30 million revolving credit facility to Ice Services LLC, a distributor of cellular phones and related wireless items and services.
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Ocorian Continues US Expansion With Fund Services Appointment
January 9, 2025Ocorian, market leader in asset servicing for private markets and corporate and fiduciary administration, has added Lynne Westbrook as Head of Fund Services Dallas, to the team, as it continues to expand its business in the US.
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New and Late-Model Tractor Trucks and Trailers Hit the Block in Jan. 16 Bankruptcy Sale
January 9, 2025A Tiger Group live webcast auction on Jan. 16 will feature more than 50 new and late-model trucking assets—both tractor trucks from well-known makers such as International, Peterbilt, Freightliner, Paccar, Kenworth and Daimler, and reefer and dry van trailers from CIMC, Great Dane, Hyundai, Utility and Wabash.
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MidOcean Partners Leads $197.5 Million Structured Equity Investment in Sale-Leaseback Transaction with EquipmentShare
January 9, 2025MidOcean Partners (“MidOcean”), a premier alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital, announced today that it led a $197.5 million structured equity investment in OWN Equipment Fund I LLC, a newly formed special-purpose vehicle.
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Runway Growth Capital and BC Partners Credit Announce $131 Million Financing Commitment to VertexOne to Accelerate Growth and Execute a Strategic Acquisition
January 9, 2025Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, today announced a $131 million financing commitment to VertexOne.
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Huntington's Commercial Banking Segment Adds new Specialty Verticals
January 9, 2025Huntington National Bank's commercial banking segment continues to expand its corporate, specialty and government banking business with the addition of two industry verticals: the Financial Institutions Group and the Aerospace & Defense Group.
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Winston & Strawn Continues Expansion in Miami with the Addition of Juan M. Delgado
January 9, 2025Winston & Strawn announced today the addition of Juan M. Delgado as a partner in the firm’s growing Miami office. He joins the Transactions Department, where he will focus his practice on advising multinational clients on cross-border transactions throughout Latin America and the United States.
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Payroll Software Provider OnPay Raises Over $100m in new Funding
January 9, 2025OnPay, a US-based invoice payments specialist, is set to expand its suite of payroll, HR and benefits solutions after securing more than $100 million in fresh funding. The funding includes $63 million in Series B equity financing, and a debt facility with MC Credit Partners, the value of which has not been disclosed.
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Horizon Technology Finance Provides $35 Million Venture Loan Facility to Onkos Surgical® to Accelerate Commercialization of Novel Antibacterial Implant Technology
January 9, 2025Horizon Technology Finance Corporation, an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $35 million venture loan facility to Onkos Surgical (“Onkos”), of which $30 million has been initially funded.
-
California Department of Financial Protection and Innovation Announces Proclamation of an Extraordinary Situation
January 9, 2025the Bank Extraordinary Situation Closing Act, under Financial Code section 1092, empowers the Commissioner of the Department of Financial Protection and Innovation, by proclamation, to authorize state‐chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary situation has ended, or until the officers of the bank determine that one or more offices should reopen.
-
Expansion Capital Group Secures $100 Million Credit Facility to Accelerate Growth
January 9, 2025Expansion Capital Group (ECG), a leading provider of working capital solutions for small businesses, proudly announces the successful closing of a $100 million credit facility. This achievement reinforces ECG’s dedication to empowering small businesses nationwide by delivering fast and dependable access to capital.
-
SLR Equipment Finance Expands its Business Development Capabilities and Announces that Donna Alexander has Joined the Company
January 9, 2025SLR Equipment Finance (SLR EQF) is pleased to announce Donna Alexander has joined our company as a Senior Vice President, Direct Sales. In her role, Donna will help grow SLR Equipment Finance’s leasing and lending activities in the central region of the U.S. Donna began her career with General Electric Capital Corporation.
-
ACON Investments, Alongside Strategic Partner SB360, Acquires True Religion, An Iconic Lifestyle Brand
January 9, 2025ACON Investments, L.L.C. and its affiliates (“ACON”) today announced the acquisition of a controlling stake in True Religion (“True Religion” or the “Company”), a lifestyle, apparel and accessories brand known for its quality craftsmanship, unique designs and premium stitching. Financial terms of the transaction were not disclosed.
-
SSG Advises Fluid Truck Inc. in the Sale of Substantially All Assets to Kingbee Rentals, LLC
January 9, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Fluid Market, Inc., and its affiliates d/b/a Fluid Truck Inc. (collectively “Fluid” or the “Company”) in the sale of substantially all assets to Kingbee Rentals, LLC (“Kingbee”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware and closed in December 2024.
-
CIBC Announces Promotions Within Asset-based Lending Team
January 9, 2025Naber and Susan Lanz within its Asset-based Lending (ABL) team. These promotions recognize their significant contributions and leadership abilities, reinforcing the bank’s commitment to helping clients reach ambitious possibilities.
-
Blank Rome Welcomes Leading Corporate Partner Stephen C. Koval in New York
January 9, 2025Blank Rome LLP is pleased to announce that Stephen “Steve” C. Koval has joined the firm’s New York office as a partner in the Corporate, M&A, and Securities group. A well-known dealmaker, Steve focuses his practice on structuring and negotiating complex business and private equity (“PE”) transactions, including public and private mergers, acquisitions, divestitures, carveouts, and recapitalizations.
-
First Citizens Bank Provides More Than $30 Million in Financing to Stockdale Capital Partners to Acquire Two Medical Outpatient Buildings
January 9, 2025First Citizens Bank today announced that its Healthcare Finance division has provided more than $30 million in financing to Stockdale Capital Partners for its acquisition of medical outpatient buildings in California and Texas.
-
MONTICELLOAM, LLC Funds $22M Working Capital Facility for Skilled Nursing Portfolio
January 9, 2025MONTICELLOAM, LLC (“MonticelloAM”), has announced the closing of a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities.
-
Bonaccord Capital Announces Fund II Final Close at $1.6B
January 9, 2025Bonaccord Capital Partners announced the final close of its second GP Stakes fund, Bonaccord Capital Partners II with $1.6 billion in total commitments.
-
Citizens M&A Outlook Finds Dealmaker Sentiment at a Five-Year High
January 9, 2025Optimism about the dealmaking environment has reached a five-year high, according to Citizens’ 2025 M&A Outlook. The 14th annual survey of 400 leaders at U.S. middle-market companies and private equity firms revealed that 54% of decision-makers believe the current M&A environment is strong.
-
CIT Northbridge Provides $30 Million Credit Facility to Ice Services
January 9, 2025First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $30 million revolving credit facility to Ice Services LLC, a distributor of cellular phones and related wireless items and services.
-
Ocorian Continues US Expansion With Fund Services Appointment
January 9, 2025Ocorian, market leader in asset servicing for private markets and corporate and fiduciary administration, has added Lynne Westbrook as Head of Fund Services Dallas, to the team, as it continues to expand its business in the US.
-
New and Late-Model Tractor Trucks and Trailers Hit the Block in Jan. 16 Bankruptcy Sale
January 9, 2025A Tiger Group live webcast auction on Jan. 16 will feature more than 50 new and late-model trucking assets—both tractor trucks from well-known makers such as International, Peterbilt, Freightliner, Paccar, Kenworth and Daimler, and reefer and dry van trailers from CIMC, Great Dane, Hyundai, Utility and Wabash.
-
MidOcean Partners Leads $197.5 Million Structured Equity Investment in Sale-Leaseback Transaction with EquipmentShare
January 9, 2025MidOcean Partners (“MidOcean”), a premier alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital, announced today that it led a $197.5 million structured equity investment in OWN Equipment Fund I LLC, a newly formed special-purpose vehicle.
-
Runway Growth Capital and BC Partners Credit Announce $131 Million Financing Commitment to VertexOne to Accelerate Growth and Execute a Strategic Acquisition
January 9, 2025Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, today announced a $131 million financing commitment to VertexOne.
-
Huntington's Commercial Banking Segment Adds new Specialty Verticals
January 9, 2025Huntington National Bank's commercial banking segment continues to expand its corporate, specialty and government banking business with the addition of two industry verticals: the Financial Institutions Group and the Aerospace & Defense Group.
-
Winston & Strawn Continues Expansion in Miami with the Addition of Juan M. Delgado
January 9, 2025Winston & Strawn announced today the addition of Juan M. Delgado as a partner in the firm’s growing Miami office. He joins the Transactions Department, where he will focus his practice on advising multinational clients on cross-border transactions throughout Latin America and the United States.
-
Payroll Software Provider OnPay Raises Over $100m in new Funding
January 9, 2025OnPay, a US-based invoice payments specialist, is set to expand its suite of payroll, HR and benefits solutions after securing more than $100 million in fresh funding. The funding includes $63 million in Series B equity financing, and a debt facility with MC Credit Partners, the value of which has not been disclosed.
-
Horizon Technology Finance Provides $35 Million Venture Loan Facility to Onkos Surgical® to Accelerate Commercialization of Novel Antibacterial Implant Technology
January 9, 2025Horizon Technology Finance Corporation, an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $35 million venture loan facility to Onkos Surgical (“Onkos”), of which $30 million has been initially funded.
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