Motivated bidders drove robust results in an online auction of foreclosed assets from a major CBD processor’s facility in Cadiz, Kentucky. Tiger Group sold the processing, lab and material-handling equipment assets, while Tranzon Asset Advisors liquidated the real estate.

L Squared Capital Partners (“L Squared”) is pleased to announce the acquisition of Miamisburg, Ohio based Crane 1 (“Crane 1” or the “Company”), one of the largest providers of overhead Crane MRO services and equipment in the United States from Pfingsten. The investment represents L Squared’s second platform investment in Fund III, a $505 million private equity fund that closed in September 2020. Crane 1 is a proven M&A platform operating in the highly fragmented $3 billion market for overhead crane MRO services and equipment, having completed six acquisitions in the last five years.

Arbor Renewable Gas, LLC (“Arbor Gas”) announced today its underlying capital commitment from EnCap Investments L.P. (“EnCap”), a leading provider of equity capital to the independent sector of the U.S. energy industry, and from Mercuria Energy Company, LLC (“Mercuria”), a leading global energy and commodity trading organization.

Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced that effective December 31, 2021,Tom Dean will transition from Co-Managing Partner and Co-Chief Executive Officer to Chairman of the Firm. David Burgstahler, who co-founded Avista with Tom Dean in 2005, and has been serving alongside him as Co-Managing Partner and Co-Chief Executive Officer, will serve as the Firm's sole Managing Partner and Chief Executive Officer also effective December 31, 2021. These changes will ensure continuity while setting the stage for significant growth moving forward.

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $45 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Pegasus Home Fashions, Inc. (“Pegasus” or the “Company”).

Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), 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, announced today it led a $15 million venture loan facility to Branded Online, Inc. (dba "Nogin"), of which Horizon funded $5 million of the initial $10 million draw, and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $5 million.

The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC's long-standing support for accelerating the transition to a low-carbon economy, and is complementary to the bank's recently announced Community Benefits Plan, which pledges $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities.

TIP, a portfolio company of I Squared Capital, has successfully amended and extended its existing Revolving Credit Facility (RCF) and additionally raised funding to strengthen the business. The existing Revolving Credit Facility (RCF) was increased from €1,150.5 million to €1,196.75 million with no change in pricing or structure and extends the maturity by 2 years. Rabobank and ABN AMRO acted as joint coordinators and physical book runners to TIP and I Squared Capital on the transaction.

Better Choice Company Inc. (NYSE: BTTR) (the “Company” or “Better Choice”), an animal health and wellness company, today announced it has increased its term-loan credit facility capacity from $6.0m to $7.5m with its current lender, Wintrust, a leading commercial bank headquartered in Chicago, Illinois.

Floyd Medical Center (“Floyd” or the “Company”), a leading provider of healthcare services in northwest Georgia and northeast Alabama, has completed a membership substitution and strategic combination with Atrium Health. Floyd provides patient care at 62 locations and is anchored by the flagship 304-bed Floyd Medical Center, an acute care hospital and regional referral center in Rome, Georgia.

Avadim Health, Inc., a healthcare and wellness provider, today announced it has completed the court-approved sale of substantially all its assets to a newly-created company owned by funds managed by Hayfin Capital Management (Hayfin) following a Chapter 11 process. The new company (the Company) will continue to operate under the Avadim name. The transaction places the Avadim business on a secure long-term footing and positions the Company for future growth.

Webster Financial Corporation (NYSE: WBS) (“Webster”) and Sterling Bancorp (NYSE: STL) (“Sterling”) jointly announced that each company’s stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today.

Seacoast Business Funding is pleased to announce the addition of Stacey Huddleston as Vice President, Business Development Officer. Mr. Huddleston is based in the Midwest and will focus on expanding the Seacoast portfolio in the region. He brings over twenty years of expertise in the financial and alternative lending space providing creative solutions for businesses with complex financial needs.

MUFG, one of the world's leading financial groups, today announced that Brian Gunn will join the company as Chief Risk Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary, MUFG Union Bank, N.A., effective September 13, 2021. Mr. Gunn succeeds Donna Dellosso, who announced her decision to retire in May of this year.

Truist Financial Corporation (NYSE: TFC) today announced its new executive leadership structure, effective Sept. 1. President and Chief Operating Officer William H. Rogers Jr. will succeed Kelly S. King as chief executive officer on Sept. 12, 2021, as previously announced in February 2019 as part of the merger of equals that formed Truist. King will transition to the role of executive chairman of the board of directors of Truist Financial Corporation effective through March 12, 2022.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $34,350,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $22,208,198 in 12 new transactions; Crestmark Vendor Finance provided $9,029,229 in 84 new transactions; and the Government Guaranteed Lending group provided $17,624,500 in financing for five new clients in July.

As previously announced on April 5, 2021 and May 14, 2021, Lendified Holdings Inc. (TSXV: LHI) (formerly, Hampton Bay Capital Inc.) (the "Company" or "Lendified") is pleased to announce that the Company's wholly-owned subsidiary, incorporated as a special purpose vehicle for the purpose of funding new loans under the Credit Facility (the "SPV"), has entered into a definitive two year credit agreement (the "Credit Agreement") with Windsor Private Capital Limited Partnership and Evergreen Gap Debt GP Inc. (together, the "Lenders") for a non-revolving, secured term loan in the aggregate amount of up to $10,000,000.00 (the "Credit Facility").

Avianca Holdings has announced that its board of directors approved the filing of its restructuring plan at the Bankruptcy Court for the Southern District of New York in the United States on August 10.

Jones Day served as M&A legal and debt counsel to Pacific Avenue. Weil, Gotshal & Manges LLP is serving as counsel for the continuation fund. Piper Sandler & Co. and Stephens Inc. advised on the private debt financing. UBS Investment Bank acted as the exclusive placement agent for the equity financing. Pacific Avenue will act as the general partner of the single asset vehicle.

Lampert acted as the affiliate's financial advisor on the transaction and placed a complete $295 Million financing package for the transaction, including a Revolver/First Lien/ Delayed Draw Term Loan with BMO serving as the Administrative Agent, Lead Left Arranger and Joint Bookrunner and J.P. Morgan Chase, as Lead Right Arranger and Joint Bookrunner , a Second Lien provided by funds and accounts managed by BlackRock and a Structured Equity Investment provided by Turning Rock Partners.