• HomeLight Launches HomeLight Trade-In™ and HomeLight Cash Offer™ Products in Texas
    May 27, 2021
    HomeLight, the real estate technology platform transforming the home buying and selling process for the top real estate agents and their clients, announced today that it is expanding its financial offerings, HomeLight Trade-In™ and HomeLight Cash Offer™, to top real estate agents, homebuyers, and sellers across Texas. The expansion is fueled by a $100 million credit facility from Credit Suisse, one of the world's leading financial service providers.
  • PureTech Founded Entity Akili Secures $160 Million in Financing; Poised to Deliver on the Promise of Digital Therapeutics
    May 27, 2021
    PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (“PureTech” or the “Company”), a clinical-stage biotherapeutics company, today announced that its Founded Entity, Akili Interactive (“Akili”), has secured $160 million of combined equity and debt financing. The financing included a $110 million Series D equity financing round led by Neuberger Berman Funds. In conjunction with the Series D financing, Akili also closed a credit facility for up to $50 million with Silicon Valley Bank.
  • CIT Northbridge Names Todd Ping as Business Development Leader for Southeastern U.S.
    May 26, 2021
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has named Todd Ping as a managing director for business development activities across the southeastern United States. Based in Atlanta, Ping will be responsible for sourcing new asset-based loan opportunities from $15 million to $150 million with business borrowers across a range of credit profiles. His appointment represents a strategic expansion by the CIT Northbridge business into the Southeast, where it has not previously had a business development presence.
  • Sklar Kirsh Bankruptcy and Restructuring Partner Robbin Itkin Named to 2021 Chambers USA
    May 26, 2021
    The ranking, released today, states that Itkin acts for a broad range of clients on bankruptcy matters, including out-of-court restructurings and chapter 11 proceedings. Client comments include, "she is excellent in court," and "she is very smart, detail-oriented, hard-working and very dedicated to her clients."
  • Atkore Announces Completion of Refinancing of Senior Secured Term Loan
    May 26, 2021
    Atkore Inc. (the “Company”) (NYSE: ATKR), a leading provider of electrical, safety and infrastructure solutions, today announced that it had completed the refinancing of the senior secured term loan facility of its subsidiary, Atkore International, Inc. (“AII”), which had been scheduled to mature in December 2023. The Company replaced the existing term loan facility with a new $400 million senior secured term loan facility of AII that matures in 2028.
  • Citizens Advises Simple Admit on its Merger with HST Pathways
    May 26, 2021
    Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Simple Admit, a leading provider of automated patient relationship management solutions for surgery centers, on its merger with HST Pathways, a Bain Capital portfolio company and leading provider of cloud-based software focused on the ambulatory surgery center (“ASC”) space.
  • US LBM To Acquire ACS American Construction Source
    May 26, 2021
    Debt financing for the transaction is being led by Barclays and Credit Suisse. Kirkland & Ellis LLP is serving as legal counsel to Bain Capital Private Equity.
  • CPaaS Frontrunner IntelePeer Secures $110M in New Funding Bringing 18 Month Total to over $170M
    May 26, 2021
    IntelePeer, a leading Communications Platform as a Service (CPaaS) provider, is pleased to announce the completion of $110M in new funding, with $75M in convertible notes and debt financing from Sixth Street Growth and $35M in equity from Savant Growth. Building on a recent credit facility of over $60M from Sixth Street Growth to further accelerate the growth and innovation of its enterprise-centric Atmosphere® CPaaS platform, the new funding allows continued execution on IntelePeer’s growth and acquisition strategy to become the world’s leading CPaaS innovator.
  • King Trade Capital Provides a $5,000,000.00 Purchase Order Finance Line for MA based Air Purifier Company
    May 25, 2021
    King Trade Capital is pleased to announce the completion of a $5,000,000.00 purchase order finance facility for a Massachusetts based HEPA Air Purification company. King Trade Capital was contacted by a referral partner who was working with the Client to find working capital to support purchasing inventory to fulfill its growing sales. During the Covid-19 pandemic the Client expanded its product offering from its core business of water filtration systems to include HEPA Air Purifiers.
  • HYPERAMS Announces Upcoming Online Auction of Calibre, Inc.
    May 25, 2021
    HYPERAMS, LLC announces the online auction of assets pertaining to a complete liquidation of Calibre, Inc, a provider of complex, high content, Class A paint solutions for North America’s largest motorcycle manufacturer. The assets are located in three facilities, two of which are located in Grafton, Wisconsin, and one in Saukville, Wisconsin.
  • Finitive Announces Expansion into Europe with New Leadership
    May 25, 2021
    Finitive, the leading data-driven private credit marketplace, today announced has named Andrew Holgate to lead Finitive's European initiatives as the company's Managing Director – Head of Europe. In this UK-based role, Holgate will develop and maintain Finitive's relationships throughout Europe with non-bank lenders seeking financing, such as specialty finance companies, online lenders, marketplace lenders and private credit funds.
  • Hilco Global Acquires All Assets of a Leading National Fleet Management Company – Sutton Leasing located in Sterling Heights, MI
    May 25, 2021
    Hilco Global (www.hilcoglobal.com), the world's premier authority on asset valuation, monetization, and advisory solutions, announced today that it’s commercial-industrial team has acquired all of the assets of Sutton Leasing, a large fleet leasing company based in Sterling Heights Michigan, in a multi-million-dollar transaction which closed on May 7, 2021.
  • Stonepeak and Bellinger Launch Diversified, Independent Aviation Investment Platform with Completion of $1.1 Billion Aircraft Loan Portfolio Acquisition
    May 25, 2021
    Funds managed by Stonepeak Infrastructure Partners (“Stonepeak”), a private equity firm specializing in infrastructure investing, have partnered with Bellinger Asset Management (“Bellinger”) to complete the acquisition of a US$1.1 billion performing aircraft loan portfolio from National Australia Bank. Allen & Overy LLP served as legal advisor on the transaction. Deutsche Bank Securities Inc. served as financial advisor on the transaction.
  • Ulrike Guigui Named Wells Fargo Head of Payments Strategy
    May 25, 2021
    Wells Fargo & Company (NYSE: WFC) today announced that Ulrike Guigui has been named head of Payments Strategy. She will join the company on June 1 and will report to Ather Williams III, Wells Fargo head of Strategy, Digital, and Innovation. In this new position, Guigui will be responsible for leading the company’s enterprise payments strategy. She will work across the company and with industry partners to ensure Wells Fargo is strategically aligned and positioned for growth opportunities in the payments industry.
  • Raymond James Expands Financial Sponsors Practice, Hires Experienced Middle Market Private Equity Banker Blake Otté
    May 25, 2021
    Based in New York City, Otté will help private equity (PE) firms leverage Raymond James’ industry insight, execution expertise and long-standing dedication to the middle market space. With more than 20 years of deal experience across investment banking, private equity, debt capital markets and commercial lending, Otté is a trusted partner to PE firms with a proven track record of identifying potential acquisitions, refinancing portfolio companies and monetizing investments.
  • Monroe Capital Supports Trive Capital’s Recapitalization of Oscar W. Larson Company
    May 25, 2021
    Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Oscar W. Larson Company (“Oscar Larson”) by private equity sponsor Trive Capital.
  • EisnerAmper Launches Group to Provide Services for SPACs
    May 25, 2021
    EisnerAmper, the accounting, tax and advisory firm, has launched a new group focused on special purpose acquisition companies, or SPACs. The new team will be led by Nina Kelleher, a director with Eisner.
  • Sidley Adds Prominent Energy Transactional Partner Holt Foster in Dallas
    May 25, 2021
    Sidley is pleased to announce that Holt Foster has joined the firm as a partner in the Dallas office. Mr. Foster will be a member of the global Energy and Infrastructure group and a practice area team co-leader of the Energy practice. He joins Sidley from Thompson Knight where he has served on the firm’s Management Committee and as head of the Dallas office.
  • British Fashion Retailer Ted Baker in Bank Refinancing
    May 25, 2021
    Struggling British fashion retailer Ted Baker (TED.L) has refinanced by extending a revolving credit facility with its existing syndicate of lending banks, it said on Tuesday. The group said that under the new agreement a facility of 108 million pounds ($153 million) maturing in September 2022 and a restricted facility of 25 million pounds maturing in January 2022, will be replaced by a new facility of 90 million pounds reducing to 80 million pounds in January 2022 until maturity in November 2023.
  • 36th Street Funds $10 Million for Equipment Rental Company
    May 25, 2021
    “We’re very excited to help fuel the rapid growth of our client as they support the post pandemic recovery” said Mark Horan, Chief Growth Officer at 36th Street. “We are optimistic that companies like this will continue to drive demand for financing as the U.S. economy rebounds”.
  • HomeLight Launches HomeLight Trade-In™ and HomeLight Cash Offer™ Products in Texas
    May 27, 2021
    HomeLight, the real estate technology platform transforming the home buying and selling process for the top real estate agents and their clients, announced today that it is expanding its financial offerings, HomeLight Trade-In™ and HomeLight Cash Offer™, to top real estate agents, homebuyers, and sellers across Texas. The expansion is fueled by a $100 million credit facility from Credit Suisse, one of the world's leading financial service providers.
  • PureTech Founded Entity Akili Secures $160 Million in Financing; Poised to Deliver on the Promise of Digital Therapeutics
    May 27, 2021
    PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (“PureTech” or the “Company”), a clinical-stage biotherapeutics company, today announced that its Founded Entity, Akili Interactive (“Akili”), has secured $160 million of combined equity and debt financing. The financing included a $110 million Series D equity financing round led by Neuberger Berman Funds. In conjunction with the Series D financing, Akili also closed a credit facility for up to $50 million with Silicon Valley Bank.
  • CIT Northbridge Names Todd Ping as Business Development Leader for Southeastern U.S.
    May 26, 2021
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has named Todd Ping as a managing director for business development activities across the southeastern United States. Based in Atlanta, Ping will be responsible for sourcing new asset-based loan opportunities from $15 million to $150 million with business borrowers across a range of credit profiles. His appointment represents a strategic expansion by the CIT Northbridge business into the Southeast, where it has not previously had a business development presence.
  • Sklar Kirsh Bankruptcy and Restructuring Partner Robbin Itkin Named to 2021 Chambers USA
    May 26, 2021
    The ranking, released today, states that Itkin acts for a broad range of clients on bankruptcy matters, including out-of-court restructurings and chapter 11 proceedings. Client comments include, "she is excellent in court," and "she is very smart, detail-oriented, hard-working and very dedicated to her clients."
  • Atkore Announces Completion of Refinancing of Senior Secured Term Loan
    May 26, 2021
    Atkore Inc. (the “Company”) (NYSE: ATKR), a leading provider of electrical, safety and infrastructure solutions, today announced that it had completed the refinancing of the senior secured term loan facility of its subsidiary, Atkore International, Inc. (“AII”), which had been scheduled to mature in December 2023. The Company replaced the existing term loan facility with a new $400 million senior secured term loan facility of AII that matures in 2028.
  • Citizens Advises Simple Admit on its Merger with HST Pathways
    May 26, 2021
    Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Simple Admit, a leading provider of automated patient relationship management solutions for surgery centers, on its merger with HST Pathways, a Bain Capital portfolio company and leading provider of cloud-based software focused on the ambulatory surgery center (“ASC”) space.
  • US LBM To Acquire ACS American Construction Source
    May 26, 2021
    Debt financing for the transaction is being led by Barclays and Credit Suisse. Kirkland & Ellis LLP is serving as legal counsel to Bain Capital Private Equity.
  • CPaaS Frontrunner IntelePeer Secures $110M in New Funding Bringing 18 Month Total to over $170M
    May 26, 2021
    IntelePeer, a leading Communications Platform as a Service (CPaaS) provider, is pleased to announce the completion of $110M in new funding, with $75M in convertible notes and debt financing from Sixth Street Growth and $35M in equity from Savant Growth. Building on a recent credit facility of over $60M from Sixth Street Growth to further accelerate the growth and innovation of its enterprise-centric Atmosphere® CPaaS platform, the new funding allows continued execution on IntelePeer’s growth and acquisition strategy to become the world’s leading CPaaS innovator.
  • King Trade Capital Provides a $5,000,000.00 Purchase Order Finance Line for MA based Air Purifier Company
    May 25, 2021
    King Trade Capital is pleased to announce the completion of a $5,000,000.00 purchase order finance facility for a Massachusetts based HEPA Air Purification company. King Trade Capital was contacted by a referral partner who was working with the Client to find working capital to support purchasing inventory to fulfill its growing sales. During the Covid-19 pandemic the Client expanded its product offering from its core business of water filtration systems to include HEPA Air Purifiers.
  • HYPERAMS Announces Upcoming Online Auction of Calibre, Inc.
    May 25, 2021
    HYPERAMS, LLC announces the online auction of assets pertaining to a complete liquidation of Calibre, Inc, a provider of complex, high content, Class A paint solutions for North America’s largest motorcycle manufacturer. The assets are located in three facilities, two of which are located in Grafton, Wisconsin, and one in Saukville, Wisconsin.
  • Finitive Announces Expansion into Europe with New Leadership
    May 25, 2021
    Finitive, the leading data-driven private credit marketplace, today announced has named Andrew Holgate to lead Finitive's European initiatives as the company's Managing Director – Head of Europe. In this UK-based role, Holgate will develop and maintain Finitive's relationships throughout Europe with non-bank lenders seeking financing, such as specialty finance companies, online lenders, marketplace lenders and private credit funds.
  • Hilco Global Acquires All Assets of a Leading National Fleet Management Company – Sutton Leasing located in Sterling Heights, MI
    May 25, 2021
    Hilco Global (www.hilcoglobal.com), the world's premier authority on asset valuation, monetization, and advisory solutions, announced today that it’s commercial-industrial team has acquired all of the assets of Sutton Leasing, a large fleet leasing company based in Sterling Heights Michigan, in a multi-million-dollar transaction which closed on May 7, 2021.
  • Stonepeak and Bellinger Launch Diversified, Independent Aviation Investment Platform with Completion of $1.1 Billion Aircraft Loan Portfolio Acquisition
    May 25, 2021
    Funds managed by Stonepeak Infrastructure Partners (“Stonepeak”), a private equity firm specializing in infrastructure investing, have partnered with Bellinger Asset Management (“Bellinger”) to complete the acquisition of a US$1.1 billion performing aircraft loan portfolio from National Australia Bank. Allen & Overy LLP served as legal advisor on the transaction. Deutsche Bank Securities Inc. served as financial advisor on the transaction.
  • Ulrike Guigui Named Wells Fargo Head of Payments Strategy
    May 25, 2021
    Wells Fargo & Company (NYSE: WFC) today announced that Ulrike Guigui has been named head of Payments Strategy. She will join the company on June 1 and will report to Ather Williams III, Wells Fargo head of Strategy, Digital, and Innovation. In this new position, Guigui will be responsible for leading the company’s enterprise payments strategy. She will work across the company and with industry partners to ensure Wells Fargo is strategically aligned and positioned for growth opportunities in the payments industry.
  • Raymond James Expands Financial Sponsors Practice, Hires Experienced Middle Market Private Equity Banker Blake Otté
    May 25, 2021
    Based in New York City, Otté will help private equity (PE) firms leverage Raymond James’ industry insight, execution expertise and long-standing dedication to the middle market space. With more than 20 years of deal experience across investment banking, private equity, debt capital markets and commercial lending, Otté is a trusted partner to PE firms with a proven track record of identifying potential acquisitions, refinancing portfolio companies and monetizing investments.
  • Monroe Capital Supports Trive Capital’s Recapitalization of Oscar W. Larson Company
    May 25, 2021
    Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Oscar W. Larson Company (“Oscar Larson”) by private equity sponsor Trive Capital.
  • EisnerAmper Launches Group to Provide Services for SPACs
    May 25, 2021
    EisnerAmper, the accounting, tax and advisory firm, has launched a new group focused on special purpose acquisition companies, or SPACs. The new team will be led by Nina Kelleher, a director with Eisner.
  • Sidley Adds Prominent Energy Transactional Partner Holt Foster in Dallas
    May 25, 2021
    Sidley is pleased to announce that Holt Foster has joined the firm as a partner in the Dallas office. Mr. Foster will be a member of the global Energy and Infrastructure group and a practice area team co-leader of the Energy practice. He joins Sidley from Thompson Knight where he has served on the firm’s Management Committee and as head of the Dallas office.
  • British Fashion Retailer Ted Baker in Bank Refinancing
    May 25, 2021
    Struggling British fashion retailer Ted Baker (TED.L) has refinanced by extending a revolving credit facility with its existing syndicate of lending banks, it said on Tuesday. The group said that under the new agreement a facility of 108 million pounds ($153 million) maturing in September 2022 and a restricted facility of 25 million pounds maturing in January 2022, will be replaced by a new facility of 90 million pounds reducing to 80 million pounds in January 2022 until maturity in November 2023.
  • 36th Street Funds $10 Million for Equipment Rental Company
    May 25, 2021
    “We’re very excited to help fuel the rapid growth of our client as they support the post pandemic recovery” said Mark Horan, Chief Growth Officer at 36th Street. “We are optimistic that companies like this will continue to drive demand for financing as the U.S. economy rebounds”.
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