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  • Jim Perrotta Joins Business Finance Network Inc.
    May 27, 2021
    Mr. Perrotta brings with him 40+ years of experience providing various types of financing solutions to a wide range of businesses including manufacturers, wholesalers, distributors, service companies and select retailers.
  • Citizens Financial Group, Inc. to Acquire HSBC East Coast Branches and National Online Deposit Business
    May 27, 2021
    Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced that Citizens Bank, N.A. has entered into an agreement to acquire 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A, N.A.. Under the agreement, Citizens will acquire approximately $9.0 billion in deposits and approximately $2.2 billion in loans for a 2.0 percent premium paid on deposits at closing.
  • CVC Credit Supports Sole Source Capital’s Acquisition of Peak-Ryzex and Optical Phusion Inc.
    May 27, 2021
    CVC Credit (“CVC Credit”) is pleased to have provided the debt facility to support Sole Source Capital’s acquisition of Peak-Ryzex (“Peak” or the “Company”) and subsequent add-on acquisition of Optical Phusion, Inc. (“OPI”). The companies will be merged to create an enhanced market leader in automatic identification data capture (“AIDC”) and factory automation solutions. CVC Credit will support the growth strategy for the combined business going forward through the provision of a delayed draw term loan facility.
  • Varagon Capital Partners Supports Tenex Capital Management Acquisition of JTM Food Group
    May 27, 2021
    Varagon Capital Partners (Varagon) is serving as Administrative Agent, Joint Lead Arranger, Joint Bookrunner and Syndication Agent on a senior secured credit facility to support the acquisition of JTM Foods, LLC (JTM) by Tenex Capital Management (Tenex).
  • M&T Bank Corporation, People's United Receive Shareholder Approval for Merger
    May 27, 2021
    M&T Bank Corporation (NYSE: MTB) ("M&T") and People's United Financial, Inc. (NASDAQ: PBCT) ("People's United") jointly announced that, at their respective special meetings of shareholders yesterday, they each received the necessary shareholder approvals for the consummation of the merger of People's United into M&T.
  • Dry Creek Capital Partners Announces Launch and First Investment Closings
    May 27, 2021
    Steve Emerson has announced the formation of Dry Creek Capital Partners LP (“Dry Creek”), a special situations investing group formed to provide a platform for investments in debt obligations of distressed commercial real estate and small business debt.
  • 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.
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