• Abacus Finance Provides Senior Debt Financing to Support the Recapitalization and Growth of Invisors, LLC, a WestView Capital Partners Portfolio Company
    September 20, 2021
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization and growth of Invisors, LLC, a WestView Capital Partners portfolio company. Abacus also made an equity co-investment in Invisors.
  • SG Credit Partners Provides $3 Million Growth Capital Facility To Foresite
    September 20, 2021
    SG Credit Partners today announced $3 million growth capital facility to Foresite, a leader in cybersecurity managed security services, compliance, and consulting. Foresite is a portfolio company of Elsewhere Partners, an Austin, Texas-based growth-stage venture capital firm focused primarily on B2B software companies.
  • Injection Molding Facility Gets Working Capital Injection From Harbor
    September 20, 2021
    Harbor, a fintech company redefining international trade finance, announced the closing of a supply chain finance program for a Mexico-based injection molding company. Harbor's program will allow the business to procure goods from their international suppliers on credit to better manage their working capital. This program was structured with Kampala Capital, an origination and syndication partner based in Monterrey, Mexico.
  • BMO Harris Expands its BMO for Black and Latinx Small Business Program Across its Full Footprint
    September 20, 2021
    BMO Harris announced today the BMO for Black and Latinx Small Business Program will now be available in all BMO markets where BMO Harris operates branches. The program – part of BMO's five-year, $5 billion EMpower commitment – was piloted in Illinois and Northwest Indiana last year. Due to high demand, BMO is making the loan program available to small businesses in all of BMO's markets beginning in September.
  • Crescent European Specialty Lending Announces Unitranche Financing for Bluewater’s Acquisition of IMServ
    September 20, 2021
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of IMServ, a pioneer of metering and data services for the electricity, gas and water sectors in the U.K., by Bluewater, the specialist international private equity firm focused on the middle market energy sector.
  • HighBar Partners Acquires SilkRoad Technology
    September 20, 2021
    Cowen, Inc., served as financial advisor to SilkRoad Technology and Winston & Strawn, LLP, served as legal counsel. Goodwin Proctor, LLP, served as legal counsel to HighBar Partners. Debt financing for the transaction was provided by Bridge Bank.
  • Audax Private Debt Provides Financing to Support Searchlight Capital Partners’ Investment in Care Advantage
    September 20, 2021
    Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Care Advantage (or the “Company”) by Searchlight Capital Partners (“Searchlight”), a New York-based private equity firm.
  • Antares Supports Industrial Growth Partners’ Acquisition of AEM
    September 20, 2021
    Antares announced today that it served as sole lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of AEM (Holdings) Inc. and AEM Group Limited (collectively, with their affiliated entities and subsidiaries, “AEM”) by Industrial Growth Partners (“IGP”).
  • Northern Trust Asset Management Names Chief Investment Officer
    September 20, 2021
    Northern Trust Asset Management announced today that Angelo Manioudakis has been named Chief Investment Officer for the global financial institution with more than $1.2 trillion in assets under management as of June 30, 2021. He will assume the position on September 27.
  • BlueVine Appoints Former Silicon Valley Bank Executive David Quinn as New Chief Financial Officer
    September 20, 2021
    BlueVine, the leading provider of innovative financial services for small businesses, today announced the appointment of David Quinn as its new Chief Financial Officer. In this position, Quinn will lead BlueVine's financial functions helping accelerate strategic growth at the company. He will report to Eyal Lifshitz, CEO and co-founder of BlueVine.
  • Mitsubishi UFJ Considering Sale of MUFG Union Bank
    September 20, 2021
    Japan's Mitsubishi UFJ 8306.T is considering a sale of its U.S. banking subsidiary MUFG Union Bank, Bloomberg reported on Friday, in a marked strategy shift for Japan's biggest bank.
  • First Business Bank’s Asset-Based Lending Group Funds $10 Million Credit Facility
    September 20, 2021
    Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit facility for a distributor of building improvement and maintenance supplies in Arizona.
  • Ranger Energy Services, Inc. Agrees to Acquire Basic Energy Services Assets From Chapter 11 Bankruptcy
    September 20, 2021
    The Company today announced that its controlled subsidiary RNGR Energy Services, LLC (“Ranger LLC”) received a debt commitment letter from Eclipse Business Capital LLC and Eclipse Business Capital SPV, LLC with regard to a new $77.5 million credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility.
  • CIT Serves as Sole Lead Arranger on $41.6 Million Financing for California Apartment Complex
    September 16, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as sole lead arranger on a $41.6 million loan for the acquisition and renovation of The Devonshire Apartments in Hemet, California. The 276-unit multifamily complex is being acquired by TIG Devonshire LLC, which is jointly managed by Tailwind Investment Group and Kairos Investment Management Company.
  • Greenberg Traurig Wins 2021 TMA Turnaround/Transaction of the Year Award
    September 16, 2021
    A team of attorneys from global law firm Greenberg Traurig, LLP, led by Shareholder David B. Kurzweil, was announced a winner of the 2021 Mid-Size Company Turnaround/Transaction of the Year Award by The Turnaround Management Association (TMA). The TMA annual awards program recognizes the most impactful turnarounds and transactions industry wide. The Turnaround and Transaction Awards are chosen based on a rigorous peer-review process by the Awards Committee, which is composed to represent the diversity of the TMA Membership and looks for well-defined, measurable outcomes.
  • ID.me Secures $100 Million from Fortress to Support Record Growth and Advance Vision to Build the Identity Layer of the Internet
    September 16, 2021
    ID.me, the secure digital identity network with 60 million members, today announced it has secured $100 million in debt financing from funds managed by affiliates of Fortress Investment Group LLC ("Fortress") and $20 million in revolving credit. This follows the company's Series C round in March, securing $100 million in funding at a $1.5 billion valuation. The new financing will support ID.me's rapid growth along with the development of its secure digital identity network for all consumers.
  • Huntington Names Aaron Sporck To Lead Middle Market Banking In West Virginia
    September 16, 2021
    Huntington (Nasdaq: HBAN) announced today the appointment of Aaron Sporck to lead middle market banking and to support the company's continued growth in West Virginia. In this role, Sporck and the Huntington team will deliver a full range of commercial banking services, including lending, capital markets and treasury management.
  • Eastern Bank Welcomes A-COM Integrated Solutions as a Commercial Customer
    September 16, 2021
    Eastern Bank is pleased to announce A-COM Integrated Solutions (A-COM) as a new commercial banking customer. Founded in 1973, A-COM is a family-owned security, home and business automation company offering services to benefit increasingly mobile lifestyles. With decades of experience in the safety and fire protection industry, it serves more than 20,000 customers with advanced business management and security in such areas as intrusion, access, surveillance, cyber security risk assessment and proactive IT monitoring
  • Independent Bank Group, Inc. Announces Appointment of Michael B. Hobbs as President and Chief Operating Officer
    September 16, 2021
    Independent Bank Group, Inc. (NASDAQ: IBTX) (“Independent Bank Group” or the “Company”), the parent company of Independent Bank (the “Bank”), today announced changes to its executive leadership to position the Company for long-term success and to best serve its customers, communities and shareholders.
  • WebBank Provides New Asset-Backed Revolving Credit Facility to Libertas Funding Affiliate
    September 16, 2021
    WebBank today announced it has provided a new senior secured, asset-backed revolving credit facility to an affiliate of Libertas Funding, LLC (together, “Libertas”). WebBank is the sole arranger and lender under the facility. WebBank is a national issuer of consumer and small business credit products through its Strategic Partner platforms, including retailers, manufacturers, and FinTech companies, and provides asset-backed lending and other credit facilities to Strategic Partners, credit funds, and other lenders with a focus on specialty finance assets.
  • Abacus Finance Provides Senior Debt Financing to Support the Recapitalization and Growth of Invisors, LLC, a WestView Capital Partners Portfolio Company
    September 20, 2021
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization and growth of Invisors, LLC, a WestView Capital Partners portfolio company. Abacus also made an equity co-investment in Invisors.
  • SG Credit Partners Provides $3 Million Growth Capital Facility To Foresite
    September 20, 2021
    SG Credit Partners today announced $3 million growth capital facility to Foresite, a leader in cybersecurity managed security services, compliance, and consulting. Foresite is a portfolio company of Elsewhere Partners, an Austin, Texas-based growth-stage venture capital firm focused primarily on B2B software companies.
  • Injection Molding Facility Gets Working Capital Injection From Harbor
    September 20, 2021
    Harbor, a fintech company redefining international trade finance, announced the closing of a supply chain finance program for a Mexico-based injection molding company. Harbor's program will allow the business to procure goods from their international suppliers on credit to better manage their working capital. This program was structured with Kampala Capital, an origination and syndication partner based in Monterrey, Mexico.
  • BMO Harris Expands its BMO for Black and Latinx Small Business Program Across its Full Footprint
    September 20, 2021
    BMO Harris announced today the BMO for Black and Latinx Small Business Program will now be available in all BMO markets where BMO Harris operates branches. The program – part of BMO's five-year, $5 billion EMpower commitment – was piloted in Illinois and Northwest Indiana last year. Due to high demand, BMO is making the loan program available to small businesses in all of BMO's markets beginning in September.
  • Crescent European Specialty Lending Announces Unitranche Financing for Bluewater’s Acquisition of IMServ
    September 20, 2021
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of IMServ, a pioneer of metering and data services for the electricity, gas and water sectors in the U.K., by Bluewater, the specialist international private equity firm focused on the middle market energy sector.
  • HighBar Partners Acquires SilkRoad Technology
    September 20, 2021
    Cowen, Inc., served as financial advisor to SilkRoad Technology and Winston & Strawn, LLP, served as legal counsel. Goodwin Proctor, LLP, served as legal counsel to HighBar Partners. Debt financing for the transaction was provided by Bridge Bank.
  • Audax Private Debt Provides Financing to Support Searchlight Capital Partners’ Investment in Care Advantage
    September 20, 2021
    Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Care Advantage (or the “Company”) by Searchlight Capital Partners (“Searchlight”), a New York-based private equity firm.
  • Antares Supports Industrial Growth Partners’ Acquisition of AEM
    September 20, 2021
    Antares announced today that it served as sole lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of AEM (Holdings) Inc. and AEM Group Limited (collectively, with their affiliated entities and subsidiaries, “AEM”) by Industrial Growth Partners (“IGP”).
  • Northern Trust Asset Management Names Chief Investment Officer
    September 20, 2021
    Northern Trust Asset Management announced today that Angelo Manioudakis has been named Chief Investment Officer for the global financial institution with more than $1.2 trillion in assets under management as of June 30, 2021. He will assume the position on September 27.
  • BlueVine Appoints Former Silicon Valley Bank Executive David Quinn as New Chief Financial Officer
    September 20, 2021
    BlueVine, the leading provider of innovative financial services for small businesses, today announced the appointment of David Quinn as its new Chief Financial Officer. In this position, Quinn will lead BlueVine's financial functions helping accelerate strategic growth at the company. He will report to Eyal Lifshitz, CEO and co-founder of BlueVine.
  • Mitsubishi UFJ Considering Sale of MUFG Union Bank
    September 20, 2021
    Japan's Mitsubishi UFJ 8306.T is considering a sale of its U.S. banking subsidiary MUFG Union Bank, Bloomberg reported on Friday, in a marked strategy shift for Japan's biggest bank.
  • First Business Bank’s Asset-Based Lending Group Funds $10 Million Credit Facility
    September 20, 2021
    Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit facility for a distributor of building improvement and maintenance supplies in Arizona.
  • Ranger Energy Services, Inc. Agrees to Acquire Basic Energy Services Assets From Chapter 11 Bankruptcy
    September 20, 2021
    The Company today announced that its controlled subsidiary RNGR Energy Services, LLC (“Ranger LLC”) received a debt commitment letter from Eclipse Business Capital LLC and Eclipse Business Capital SPV, LLC with regard to a new $77.5 million credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility.
  • CIT Serves as Sole Lead Arranger on $41.6 Million Financing for California Apartment Complex
    September 16, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as sole lead arranger on a $41.6 million loan for the acquisition and renovation of The Devonshire Apartments in Hemet, California. The 276-unit multifamily complex is being acquired by TIG Devonshire LLC, which is jointly managed by Tailwind Investment Group and Kairos Investment Management Company.
  • Greenberg Traurig Wins 2021 TMA Turnaround/Transaction of the Year Award
    September 16, 2021
    A team of attorneys from global law firm Greenberg Traurig, LLP, led by Shareholder David B. Kurzweil, was announced a winner of the 2021 Mid-Size Company Turnaround/Transaction of the Year Award by The Turnaround Management Association (TMA). The TMA annual awards program recognizes the most impactful turnarounds and transactions industry wide. The Turnaround and Transaction Awards are chosen based on a rigorous peer-review process by the Awards Committee, which is composed to represent the diversity of the TMA Membership and looks for well-defined, measurable outcomes.
  • ID.me Secures $100 Million from Fortress to Support Record Growth and Advance Vision to Build the Identity Layer of the Internet
    September 16, 2021
    ID.me, the secure digital identity network with 60 million members, today announced it has secured $100 million in debt financing from funds managed by affiliates of Fortress Investment Group LLC ("Fortress") and $20 million in revolving credit. This follows the company's Series C round in March, securing $100 million in funding at a $1.5 billion valuation. The new financing will support ID.me's rapid growth along with the development of its secure digital identity network for all consumers.
  • Huntington Names Aaron Sporck To Lead Middle Market Banking In West Virginia
    September 16, 2021
    Huntington (Nasdaq: HBAN) announced today the appointment of Aaron Sporck to lead middle market banking and to support the company's continued growth in West Virginia. In this role, Sporck and the Huntington team will deliver a full range of commercial banking services, including lending, capital markets and treasury management.
  • Eastern Bank Welcomes A-COM Integrated Solutions as a Commercial Customer
    September 16, 2021
    Eastern Bank is pleased to announce A-COM Integrated Solutions (A-COM) as a new commercial banking customer. Founded in 1973, A-COM is a family-owned security, home and business automation company offering services to benefit increasingly mobile lifestyles. With decades of experience in the safety and fire protection industry, it serves more than 20,000 customers with advanced business management and security in such areas as intrusion, access, surveillance, cyber security risk assessment and proactive IT monitoring
  • Independent Bank Group, Inc. Announces Appointment of Michael B. Hobbs as President and Chief Operating Officer
    September 16, 2021
    Independent Bank Group, Inc. (NASDAQ: IBTX) (“Independent Bank Group” or the “Company”), the parent company of Independent Bank (the “Bank”), today announced changes to its executive leadership to position the Company for long-term success and to best serve its customers, communities and shareholders.
  • WebBank Provides New Asset-Backed Revolving Credit Facility to Libertas Funding Affiliate
    September 16, 2021
    WebBank today announced it has provided a new senior secured, asset-backed revolving credit facility to an affiliate of Libertas Funding, LLC (together, “Libertas”). WebBank is the sole arranger and lender under the facility. WebBank is a national issuer of consumer and small business credit products through its Strategic Partner platforms, including retailers, manufacturers, and FinTech companies, and provides asset-backed lending and other credit facilities to Strategic Partners, credit funds, and other lenders with a focus on specialty finance assets.
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