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TAB Bank Provides $5 Million to CoreCentric Solutions, Promoting Sustainable Appliance Remanufacturing
November 14, 2024TAB Bank announces it has provided a $5 million credit facility to CoreCentric Solutions, Inc., a provider of recovery, repair and return-to-market services for appliances, appliance parts and consumer goods. This financing will support CoreCentric Solutions’ mission to reduce waste by keeping appliance parts and consumer products in the economy—inventing new ways to extend the lifecycle of products by collecting, rebuilding, fixing and returning them to the marketplace.
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The D. E. Shaw Group Raises $1 Billion for Latest Private Credit Fund
November 14, 2024The D. E. Shaw group, a global investment and technology development firm, announced today that it has raised $1 billion in commitments for D. E. Shaw Alkali Fund VI ("Alkali VI"), a closed-end vehicle that is expected to pursue a multi-strategy investment style and invest primarily in corporate debt, structured credit, synthetic securitizations, and other specialty asset classes.
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Winston Represents Court Square Capital Partners in its Definitive Agreement to Sell Advanced Diabetes Supply Group for US$1.1B
November 14, 2024Winston & Strawn represented Court Square Capital Partners, a New York-based leading middle-market private equity company, in its entry into a definitive agreement to sell Advanced Diabetes Supply® Group (ADSG), a California-based national distributor of Durable Medical Equipment (DME) specializing in diabetes supplies, to Cardinal Health for US$1.1B.
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Encina Private Credit Delivers Strong Growth With Year To Date Volume Up 52% Through Third Quarter 2024 Versus Same Period 2023
November 14, 2024During the first nine months of 2024, Encina Private Credit (“Encina”) provided over $355 million of first out enterprise value loans to a wide range of middle-market companies. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions.
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eCapital Delivers $30 Million ABL Facility to Fuel Employee Ownership for Energy Services Company
November 14, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the successful completion of a $30 million asset-based lending (ABL) facility for an established energy services company.
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Hancock Whitney Names Matt Mouledous as Director of Asset Based Lending
November 14, 2024Hancock Whitney—one of America’s strongest, safest banks—has named Matt Mouledous managing director of its asset based lending (ABL) division, Hancock Whitney Business Capital.
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Equify Financial Launches Receivables Finance Division
November 14, 2024Equify Financial, a leader in commercial finance solutions, has announced the launch of its new division offering receivables lending and ABL capital solutions serving a variety of industry sectors.
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Abacus Finance Provides Senior Debt Financing to Support WestView Capital Partners’ Dark Horse Consulting in its Acquisition of BioTechLogic
November 14, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Administrative Agent and Sole Lender to support WestView Capital Partners’ Dark Horse Consulting in its acquisition of BioTechLogic.
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Alleon Announces $5,000,000 Medical AR Financing Facility to a CA-Based Occupational Health Organization
November 14, 2024Alleon Healthcare Capital, LLC (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $5,000,000 medical accounts receivable financing facility with an occupational health organization based in California (“Company”).
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SLR Business Credit Announces a Senior Debt Investment in Innovative Packaging Solutions
November 14, 2024SLR Business Credit (SLRBC) is excited to announce its partnership with Innovative Packaging Solutions (IPS), an established Southern California packaging firm that combines industry expertise, award-winning designs, and cutting-edge technology with a global reach to deliver the ultimate positive packaging experience from “factory to fingertips”.
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Pearlmark Announces Second Closing of Sixth Mezzanine Fund
November 14, 2024Pearlmark is pleased to announce the second closing of its sixth high yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. (“Pearlmark Mezz VI” or the “Fund”). Pearlmark Mezz VI now totals more than $300 million in commitments, including discretionary managed accounts, gaining on the traction of the first closing of more than $185 million in August 2024.
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Crown Partners Arranges $30 Million Senior Financing for HGS BioScience
November 14, 2024Crown Partners announces it has successfully arranged $30 million of senior financing from a leading US commercial bank for HGS BioScience, LLC (“HGS”), a portfolio company of Paine Schwartz Partners. The firm served as exclusive financial advisor to HGS in connection with this transaction.
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Rosenthal Closes Pair of Transactions Totaling $5 Million
November 14, 2024Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced the completion of an asset-based lending transaction and a factoring transaction totaling $5 million.
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Runway Growth Capital Provides $23 Million Growth Investment to Snap! Mobile
November 13, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today a $23 million growth capital commitment to Snap! Mobile ("Snap!"), a leading fundraising platform for schools and organizations to support their sports teams, groups, and clubs.
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Trinity Capital Inc. Provides $40 Million in Growth Capital to Impress
November 13, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $40 million in growth capital to Impress, a leading orthodontic chain in Europe, specializing in invisible aligners.
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EverBank Announces Commercial Banking Division in Southern California, Led by Industry Veteran Stephanie Buckley
November 13, 2024EverBank has expanded its commercial banking footprint with the launch of a new Southern California division. This business will be led by Stephanie Buckley, an industry veteran who will serve as Senior Vice President and Regional Commercial Banking Manager.
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Alleon Healthcare Capital Provides a $5,000,000 Medical Accounts Receivable Financing Facility to a CA-Based Occupational Health Organization
November 13, 2024Alleon Healthcare Capital, LLC (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $5,000,000 medical accounts receivable financing facility with an occupational health organization based in California (“Company”).
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Hilco Expands Team Further With Appointment of Senior Lending Specialist
November 12, 2024Specialist real estate lender Hilco Real Estate Finance (HREF) has appointed London-based development and bridge lending specialist Simon Pollins to join its rapidly growing UK team.
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MidCap Financial Closes $98.9MM Senior Secured Credit Facility to Wave Electronics
November 12, 2024MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $98.9mm senior secured credit facility to Wave Electronics or (“Company”). Proceeds from the credit facility were used to support Company’s acquisition of KOA Electronics Distribution Inc. (“KOA”) and will support growth and ongoing working capital needs.
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John Galt Solutions and SPS Commerce Partner to Deliver Sales Channel Data in the Atlas Planning Platform
November 12, 2024John Galt Solutions, a global leader in automating supply chain planning to empower businesses to make better decisions faster, today announced its partnership with SPS Commerce, a leader in retail supply chain management solutions.
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TAB Bank Provides $5 Million to CoreCentric Solutions, Promoting Sustainable Appliance Remanufacturing
November 14, 2024TAB Bank announces it has provided a $5 million credit facility to CoreCentric Solutions, Inc., a provider of recovery, repair and return-to-market services for appliances, appliance parts and consumer goods. This financing will support CoreCentric Solutions’ mission to reduce waste by keeping appliance parts and consumer products in the economy—inventing new ways to extend the lifecycle of products by collecting, rebuilding, fixing and returning them to the marketplace.
-
The D. E. Shaw Group Raises $1 Billion for Latest Private Credit Fund
November 14, 2024The D. E. Shaw group, a global investment and technology development firm, announced today that it has raised $1 billion in commitments for D. E. Shaw Alkali Fund VI ("Alkali VI"), a closed-end vehicle that is expected to pursue a multi-strategy investment style and invest primarily in corporate debt, structured credit, synthetic securitizations, and other specialty asset classes.
-
Winston Represents Court Square Capital Partners in its Definitive Agreement to Sell Advanced Diabetes Supply Group for US$1.1B
November 14, 2024Winston & Strawn represented Court Square Capital Partners, a New York-based leading middle-market private equity company, in its entry into a definitive agreement to sell Advanced Diabetes Supply® Group (ADSG), a California-based national distributor of Durable Medical Equipment (DME) specializing in diabetes supplies, to Cardinal Health for US$1.1B.
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Encina Private Credit Delivers Strong Growth With Year To Date Volume Up 52% Through Third Quarter 2024 Versus Same Period 2023
November 14, 2024During the first nine months of 2024, Encina Private Credit (“Encina”) provided over $355 million of first out enterprise value loans to a wide range of middle-market companies. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions.
-
eCapital Delivers $30 Million ABL Facility to Fuel Employee Ownership for Energy Services Company
November 14, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the successful completion of a $30 million asset-based lending (ABL) facility for an established energy services company.
-
Hancock Whitney Names Matt Mouledous as Director of Asset Based Lending
November 14, 2024Hancock Whitney—one of America’s strongest, safest banks—has named Matt Mouledous managing director of its asset based lending (ABL) division, Hancock Whitney Business Capital.
-
Equify Financial Launches Receivables Finance Division
November 14, 2024Equify Financial, a leader in commercial finance solutions, has announced the launch of its new division offering receivables lending and ABL capital solutions serving a variety of industry sectors.
-
Abacus Finance Provides Senior Debt Financing to Support WestView Capital Partners’ Dark Horse Consulting in its Acquisition of BioTechLogic
November 14, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Administrative Agent and Sole Lender to support WestView Capital Partners’ Dark Horse Consulting in its acquisition of BioTechLogic.
-
Alleon Announces $5,000,000 Medical AR Financing Facility to a CA-Based Occupational Health Organization
November 14, 2024Alleon Healthcare Capital, LLC (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $5,000,000 medical accounts receivable financing facility with an occupational health organization based in California (“Company”).
-
SLR Business Credit Announces a Senior Debt Investment in Innovative Packaging Solutions
November 14, 2024SLR Business Credit (SLRBC) is excited to announce its partnership with Innovative Packaging Solutions (IPS), an established Southern California packaging firm that combines industry expertise, award-winning designs, and cutting-edge technology with a global reach to deliver the ultimate positive packaging experience from “factory to fingertips”.
-
Pearlmark Announces Second Closing of Sixth Mezzanine Fund
November 14, 2024Pearlmark is pleased to announce the second closing of its sixth high yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. (“Pearlmark Mezz VI” or the “Fund”). Pearlmark Mezz VI now totals more than $300 million in commitments, including discretionary managed accounts, gaining on the traction of the first closing of more than $185 million in August 2024.
-
Crown Partners Arranges $30 Million Senior Financing for HGS BioScience
November 14, 2024Crown Partners announces it has successfully arranged $30 million of senior financing from a leading US commercial bank for HGS BioScience, LLC (“HGS”), a portfolio company of Paine Schwartz Partners. The firm served as exclusive financial advisor to HGS in connection with this transaction.
-
Rosenthal Closes Pair of Transactions Totaling $5 Million
November 14, 2024Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced the completion of an asset-based lending transaction and a factoring transaction totaling $5 million.
-
Runway Growth Capital Provides $23 Million Growth Investment to Snap! Mobile
November 13, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today a $23 million growth capital commitment to Snap! Mobile ("Snap!"), a leading fundraising platform for schools and organizations to support their sports teams, groups, and clubs.
-
Trinity Capital Inc. Provides $40 Million in Growth Capital to Impress
November 13, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $40 million in growth capital to Impress, a leading orthodontic chain in Europe, specializing in invisible aligners.
-
EverBank Announces Commercial Banking Division in Southern California, Led by Industry Veteran Stephanie Buckley
November 13, 2024EverBank has expanded its commercial banking footprint with the launch of a new Southern California division. This business will be led by Stephanie Buckley, an industry veteran who will serve as Senior Vice President and Regional Commercial Banking Manager.
-
Alleon Healthcare Capital Provides a $5,000,000 Medical Accounts Receivable Financing Facility to a CA-Based Occupational Health Organization
November 13, 2024Alleon Healthcare Capital, LLC (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $5,000,000 medical accounts receivable financing facility with an occupational health organization based in California (“Company”).
-
Hilco Expands Team Further With Appointment of Senior Lending Specialist
November 12, 2024Specialist real estate lender Hilco Real Estate Finance (HREF) has appointed London-based development and bridge lending specialist Simon Pollins to join its rapidly growing UK team.
-
MidCap Financial Closes $98.9MM Senior Secured Credit Facility to Wave Electronics
November 12, 2024MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $98.9mm senior secured credit facility to Wave Electronics or (“Company”). Proceeds from the credit facility were used to support Company’s acquisition of KOA Electronics Distribution Inc. (“KOA”) and will support growth and ongoing working capital needs.
-
John Galt Solutions and SPS Commerce Partner to Deliver Sales Channel Data in the Atlas Planning Platform
November 12, 2024John Galt Solutions, a global leader in automating supply chain planning to empower businesses to make better decisions faster, today announced its partnership with SPS Commerce, a leader in retail supply chain management solutions.