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MidCap Financial Announces $800 Million Equity Raise
April 26, 2021MidCap Financial, a credit solutions firm focused on serving the middle market, today announced it has raised more than $800 million of new equity from a diverse group of global investors that included Apollo clients, including Athene as well as pensions, sovereign wealth funds and other leading institutions.
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WhiteStar Asset Management Announces Opening of New London Office to Drive the Firm's European Expansion
April 26, 2021WhiteStar Asset Management ("WhiteStar"), the CLO, structured products, and broadly syndicated credit arm of Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), announced today the opening of a London office to drive its European expansion and part of the firm's commitment to its European investors. The office will be led by Gordon Neilly, who has joined the firm as Executive Chairman of WhiteStar Asset Management, Europe.
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Sallyport Champions Professional Tech-Based Services with $1 Million in Funding
April 23, 2021Dan Millar, VP for Sallyport states: “This client was in need of a working capital solution and was referred to us by a trusted partner. We were able to offer a non-notification facility that will continue to fuel their tremendous growth across 6 countries worldwide.”
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Amerisource Closes $500,000 Credit Facility for Trucking Firm
April 23, 2021Amerisource Business Capital announced the closing and funding of a $500,000 senior credit facility for a Louisiana-based trucking firm. The proceeds were used to support the company’s working capital and growth plans.
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Gordon Brothers & Ritchie Bros. Form Alliance to Assist Australian and South East Asian Insolvency and Restructuring Market
April 22, 2021Gordon Brothers and Ritchie Bros. have created a formal joint venture, the Gordon Brothers & Ritchie Bros. Alliance. The Alliance provides end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in Australia and South East Asia.
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American Woodmark Corporation Announces Closing of Amended and Restated Credit Facility and Satisfaction of Conditions Precedent to Full Redemption of 4.875% Senior Notes Due 2026
April 22, 2021American Woodmark Corporation (NASDAQ: AMWD) (the “Company”) today announced that it has entered into an amended and restated senior secured credit facility consisting of a $500 million revolving loan facility and a $250 million term loan facility. Both facilities mature on April 22, 2026. At closing, the Company borrowed the entire $250 million available under the term loan facility and approximately $264 million under the revolving loan facility.
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Constant®, the Creator of Vultr®, Announces $150 Million Credit Facility to Expand Its Cloud Computing and Bare Metal Platform
April 22, 2021Constant®, the creator of the Vultr® cloud computing and bare metal platform, today announced the closing of a $150 million credit facility from J.P. Morgan and Bank of America, including a $25 million uncommitted expansion option to accommodate future growth. Constant will use the additional capital to expand its global footprint of automated cloud infrastructure to serve its rapidly-growing customer base, further solidifying its leadership position in the independent cloud provider market.
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CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center
April 22, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas. The Sugar Creek Health Center, an 84,646-square-foot medical office building located approximately 20 miles southwest of Houston, is leased to a diverse mix of tenants that provide various medical services including ambulatory surgery, imaging, orthopedics, women’s health, dentistry and optometry, among others.
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White Oak Commercial Finance Delivers $3MM Recourse Factoring Facility to Transportation Factor
April 22, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry. The company has been in business since 2015, and the funding was secured against its accounts receivable and will support its growing portfolio and accelerate its expansion.
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Century Park Recapitalizes CJ Pony Parts
April 22, 2021Century Park Capital Partners is pleased to announce the recapitalization of CJ Pony Parts, LLC (“CJ Pony Parts” or the “Company”). Headquartered in Harrisburg, PA, CJ Pony Parts is the market leader in the Classic Mustang e-commerce space. BMO Sponsor Finance provided the debt financing for the transaction.
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SLR Healthcare ABL Provides Financing to an Outpatient Mental Health Services Provider
April 22, 2021SLR Healthcare ABL announced it provided a $10 million asset-based revolving line of credit an outpatient mental health services provider.
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Comvest Credit Partners Announces Closing of Fund V
April 22, 2021Comvest Partners, a leading middle-market private investment firm, announced today that its direct lending platform, Comvest Credit Partners, completed the final close of its latest flagship fund, Comvest Credit Partners V ("CCP V"). CCP V closed with over $1.3 billion of equity commitments and has also secured credit facilities to increase its available capital. To date, CCP V together with parallel funds and separately managed accounts, has provided credit to more than 35 new and existing portfolio companies.
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Capstone Headwaters Announces Rebrand to Capstone Partners
April 22, 2021Three years after acquiring Denver-based Headwaters, Capstone Headwaters today announced it is changing its name to Capstone Partners. The rebranding, which entails the unveiling of a new logo and website, is an integrated element of the firm's current growth strategy. The new brand, Capstone Partners, is intended to reflect the firm's strong team culture, core mission and vision for the future. The new website, launched today at capstonepartners.com, showcases the Capstone's fully integrated services and robust set of resources for privately held middle market companies.
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Maxim Commercial Capital Reports Strong Q1 2021 Demand
April 22, 2021Maxim Commercial Capital (“Maxim”) announced strong demand during the first quarter of 2021. Its Structured Finance program proved popular during the period, with business owners leveraging their equity in real estate and owned heavy equipment to fund working capital and fuel growth. Despite low inventory of well-priced, low mileage Class 8 used trucks, Maxim closed purchase financings ranging from $12,000 to $53,500 for hundreds of owner-operators across the U.S.
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Fresh Acquisitions, LLC Files for Chapter 11 Bankruptcy
April 21, 2021Fresh Acquisitions, LLC which operates Furr’s Fresh Buffet©, and several of its affiliates including Buffets LLC and its subsidiaries, which operate Ryan’s©, Old Country Buffet©, Tahoe Joes Famous Steakhouse©, and Hometown Buffet©, filed for Chapter 11 bankruptcy protection earlier today to strengthen their operations and recapitalize their businesses. The companies will have access to additional liquidity through a post-petition debtor in possession loan being extended by VitaNova Brands©.
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First Business Bank Closes $4 Million Factoring & Inventory Finance Facility to Home Products Distributor
April 21, 2021First Business Bank announces the closing of a $4 million factoring and inventory finance facility by its Accounts Receivable Financing group. The client is a distributor of outdoor home products, selling directly to home improvement retailers as well as directly to consumers through an e-commerce site.
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Mayra Marquez joins Pinnacle Bank as Senior Vice President, Senior Relationship Manager
April 21, 2021Pinnacle Bank (OTCQB: PBNK) headquartered in Gilroy, CA announced today that Mayra Marquez has joined the bank as Senior Vice President, Senior Relationship Manager.
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EisnerAmper Announces New Industry Offerings, National Leaders
April 21, 2021Based on continuing significant growth, EisnerAmper LLP, a leading global business advisory firm, announces new industry offerings along with their respective new national leaders.
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Houlihan Lokey Continues Expansion of Its Healthcare Coverage Group With Experienced Hire
April 21, 2021Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Jonathan Guskind has joined the firm as a Managing Director in the Healthcare Group, covering medical technology. He is based in New York. Mr. Guskind joins from Morgan Stanley, where he spent more than a decade and most recently helped lead the medical technology coverage effort within the Healthcare Investment Banking group. Prior to Morgan Stanley, he worked in BNP Paribas’ Leveraged and Acquisition Finance group.
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Franklin Capital Solves The Cash Flow Challenges Of Two Staffing Companies.
April 21, 2021Franklin Capital is pleased to announce the completion of two new accounts receivable financing facilities. Franklin Capital provided an accounts receivable financing facility to a UK-owned temp staffing business and an accounts receivable financing facility to a franchise of a large staffing firm.
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MidCap Financial Announces $800 Million Equity Raise
April 26, 2021MidCap Financial, a credit solutions firm focused on serving the middle market, today announced it has raised more than $800 million of new equity from a diverse group of global investors that included Apollo clients, including Athene as well as pensions, sovereign wealth funds and other leading institutions.
-
WhiteStar Asset Management Announces Opening of New London Office to Drive the Firm's European Expansion
April 26, 2021WhiteStar Asset Management ("WhiteStar"), the CLO, structured products, and broadly syndicated credit arm of Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), announced today the opening of a London office to drive its European expansion and part of the firm's commitment to its European investors. The office will be led by Gordon Neilly, who has joined the firm as Executive Chairman of WhiteStar Asset Management, Europe.
-
Sallyport Champions Professional Tech-Based Services with $1 Million in Funding
April 23, 2021Dan Millar, VP for Sallyport states: “This client was in need of a working capital solution and was referred to us by a trusted partner. We were able to offer a non-notification facility that will continue to fuel their tremendous growth across 6 countries worldwide.”
-
Amerisource Closes $500,000 Credit Facility for Trucking Firm
April 23, 2021Amerisource Business Capital announced the closing and funding of a $500,000 senior credit facility for a Louisiana-based trucking firm. The proceeds were used to support the company’s working capital and growth plans.
-
Gordon Brothers & Ritchie Bros. Form Alliance to Assist Australian and South East Asian Insolvency and Restructuring Market
April 22, 2021Gordon Brothers and Ritchie Bros. have created a formal joint venture, the Gordon Brothers & Ritchie Bros. Alliance. The Alliance provides end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in Australia and South East Asia.
-
American Woodmark Corporation Announces Closing of Amended and Restated Credit Facility and Satisfaction of Conditions Precedent to Full Redemption of 4.875% Senior Notes Due 2026
April 22, 2021American Woodmark Corporation (NASDAQ: AMWD) (the “Company”) today announced that it has entered into an amended and restated senior secured credit facility consisting of a $500 million revolving loan facility and a $250 million term loan facility. Both facilities mature on April 22, 2026. At closing, the Company borrowed the entire $250 million available under the term loan facility and approximately $264 million under the revolving loan facility.
-
Constant®, the Creator of Vultr®, Announces $150 Million Credit Facility to Expand Its Cloud Computing and Bare Metal Platform
April 22, 2021Constant®, the creator of the Vultr® cloud computing and bare metal platform, today announced the closing of a $150 million credit facility from J.P. Morgan and Bank of America, including a $25 million uncommitted expansion option to accommodate future growth. Constant will use the additional capital to expand its global footprint of automated cloud infrastructure to serve its rapidly-growing customer base, further solidifying its leadership position in the independent cloud provider market.
-
CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center
April 22, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas. The Sugar Creek Health Center, an 84,646-square-foot medical office building located approximately 20 miles southwest of Houston, is leased to a diverse mix of tenants that provide various medical services including ambulatory surgery, imaging, orthopedics, women’s health, dentistry and optometry, among others.
-
White Oak Commercial Finance Delivers $3MM Recourse Factoring Facility to Transportation Factor
April 22, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry. The company has been in business since 2015, and the funding was secured against its accounts receivable and will support its growing portfolio and accelerate its expansion.
-
Century Park Recapitalizes CJ Pony Parts
April 22, 2021Century Park Capital Partners is pleased to announce the recapitalization of CJ Pony Parts, LLC (“CJ Pony Parts” or the “Company”). Headquartered in Harrisburg, PA, CJ Pony Parts is the market leader in the Classic Mustang e-commerce space. BMO Sponsor Finance provided the debt financing for the transaction.
-
SLR Healthcare ABL Provides Financing to an Outpatient Mental Health Services Provider
April 22, 2021SLR Healthcare ABL announced it provided a $10 million asset-based revolving line of credit an outpatient mental health services provider.
-
Comvest Credit Partners Announces Closing of Fund V
April 22, 2021Comvest Partners, a leading middle-market private investment firm, announced today that its direct lending platform, Comvest Credit Partners, completed the final close of its latest flagship fund, Comvest Credit Partners V ("CCP V"). CCP V closed with over $1.3 billion of equity commitments and has also secured credit facilities to increase its available capital. To date, CCP V together with parallel funds and separately managed accounts, has provided credit to more than 35 new and existing portfolio companies.
-
Capstone Headwaters Announces Rebrand to Capstone Partners
April 22, 2021Three years after acquiring Denver-based Headwaters, Capstone Headwaters today announced it is changing its name to Capstone Partners. The rebranding, which entails the unveiling of a new logo and website, is an integrated element of the firm's current growth strategy. The new brand, Capstone Partners, is intended to reflect the firm's strong team culture, core mission and vision for the future. The new website, launched today at capstonepartners.com, showcases the Capstone's fully integrated services and robust set of resources for privately held middle market companies.
-
Maxim Commercial Capital Reports Strong Q1 2021 Demand
April 22, 2021Maxim Commercial Capital (“Maxim”) announced strong demand during the first quarter of 2021. Its Structured Finance program proved popular during the period, with business owners leveraging their equity in real estate and owned heavy equipment to fund working capital and fuel growth. Despite low inventory of well-priced, low mileage Class 8 used trucks, Maxim closed purchase financings ranging from $12,000 to $53,500 for hundreds of owner-operators across the U.S.
-
Fresh Acquisitions, LLC Files for Chapter 11 Bankruptcy
April 21, 2021Fresh Acquisitions, LLC which operates Furr’s Fresh Buffet©, and several of its affiliates including Buffets LLC and its subsidiaries, which operate Ryan’s©, Old Country Buffet©, Tahoe Joes Famous Steakhouse©, and Hometown Buffet©, filed for Chapter 11 bankruptcy protection earlier today to strengthen their operations and recapitalize their businesses. The companies will have access to additional liquidity through a post-petition debtor in possession loan being extended by VitaNova Brands©.
-
First Business Bank Closes $4 Million Factoring & Inventory Finance Facility to Home Products Distributor
April 21, 2021First Business Bank announces the closing of a $4 million factoring and inventory finance facility by its Accounts Receivable Financing group. The client is a distributor of outdoor home products, selling directly to home improvement retailers as well as directly to consumers through an e-commerce site.
-
Mayra Marquez joins Pinnacle Bank as Senior Vice President, Senior Relationship Manager
April 21, 2021Pinnacle Bank (OTCQB: PBNK) headquartered in Gilroy, CA announced today that Mayra Marquez has joined the bank as Senior Vice President, Senior Relationship Manager.
-
EisnerAmper Announces New Industry Offerings, National Leaders
April 21, 2021Based on continuing significant growth, EisnerAmper LLP, a leading global business advisory firm, announces new industry offerings along with their respective new national leaders.
-
Houlihan Lokey Continues Expansion of Its Healthcare Coverage Group With Experienced Hire
April 21, 2021Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Jonathan Guskind has joined the firm as a Managing Director in the Healthcare Group, covering medical technology. He is based in New York. Mr. Guskind joins from Morgan Stanley, where he spent more than a decade and most recently helped lead the medical technology coverage effort within the Healthcare Investment Banking group. Prior to Morgan Stanley, he worked in BNP Paribas’ Leveraged and Acquisition Finance group.
-
Franklin Capital Solves The Cash Flow Challenges Of Two Staffing Companies.
April 21, 2021Franklin Capital is pleased to announce the completion of two new accounts receivable financing facilities. Franklin Capital provided an accounts receivable financing facility to a UK-owned temp staffing business and an accounts receivable financing facility to a franchise of a large staffing firm.
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