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NXT Capital Closes Senior Credit Facility in Support of Broad Sky Partners’ Acquisition of Frontline Managed Services
December 19, 2024NXT Capital announced today that it closed a senior credit facility in support of Broad Sky Partners’ acquisition of Frontline Managed Services. NXT Capital acted as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent on this transaction.
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Phoenix Management, a Part of J.S. Held Announces Lending Survey in America Results
December 19, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the "Lending Climate in America" survey results from Phoenix Management, a part of J.S. Held. The fourth quarter survey results highlight concern regarding the impact of the presidential election and the timing and magnitude of future Federal Reserve interest rate reductions.
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C. Shawn Bookin, Former Managing Director at Guggenheim Partners Joins Star Mountain Capital as Senior Advisor
December 19, 2024tar Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 11/30/2024) focused on generating defensive and premium yield and total returns from the less efficient and resource-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that C. Shawn Bookin has joined as Senior Advisor.
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VSS Capital Partners Completes Investment in Lumenci, Inc.
December 19, 2024VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, education, and business services industries, today announced the completion of a new platform investment in Lumenci, Inc. (“Lumenci” or “the Company”), a full-service intellectual property (“IP”) consulting firm, in association with Century Equity Partners, a Boston-based private equity firm. Financial terms of the private transaction were not disclosed.
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Colbeck Capital Names Gregory Budetti Head of Business Development
December 19, 2024Colbeck Capital Management (“Colbeck”), a leading middle-market private credit firm focused on strategic lending, today announced that Gregory Budetti, former Director of Capital Partnerships and Investor Relations at Closed Loop Partners, LLC, has joined Colbeck as Head of Business Development.
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Alvarez & Marsal's Private Equity Performance Improvement Group Bolsters its Transformation Services Offering
December 19, 2024Leading global professional services firm Alvarez & Marsal announces the appointment of Kyle Lemmon as a Managing Director within its Private Equity Performance Improvement (PEPI) group focused on the firm’s Transformation Services offering.
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BlackRock 2025 Private Markets Outlook: A New Era of Growth
December 19, 2024BlackRock Inc. (NYSE:BLK) today released its annual Private Markets Outlook mapping out how the sector, spanning geographies and asset classes, will evolve in the year ahead. Covering trends in private debt, infrastructure, private equity and real estate, the report helps clients navigate this rapidly growing space.
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Summit Broadband Secures Additional $100 Million for Florida Expansion
December 19, 2024Summit Broadband, a leading fiber-optics telecommunications provider in Florida, announced the successful closing of an incremental $100 million debt facility and term expansion with Brookfield Asset Management ("Brookfield").
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Vesta Announces Closing of US$545 Million Global Syndicated Sustainable Credit Facility Including US$200 Million Revolving Credit Facility
December 19, 2024Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (BMV: Vesta; NYSE: VTMX), a leading industrial real estate company in Mexico, announced today that is has closed the previously announced US $545 million Global Syndicated Sustainable Credit Facility (the "Facility") comprised of a US $345 million term loan available through two tranches, for three and five years, with an 18-month availability period and a US $200 million Revolving Credit Facility, substituting the Company’s prior US $200 million in-place un-drawn Revolving Credit Facility.
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MONTICELLOAM, LLC, Huntington National Bank Provide $400M to Refinance Skilled Nursing Portfolio
December 19, 2024MONTICELLOAM, LLC (“MonticelloAM”) announced the closing of a $400,000,000 bridge loan for a 29-facility skilled nursing portfolio. A MonticelloAM firm affiliate acted as Agent, with Huntington National Bank as joint lead arranger. The financing comprised over 2,900 beds across Kentucky and Tennessee.
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B. Riley Securities Serves as Sole Bookrunner to Roman DBDR Acquisition Corp. II in Connection with its $200 Million Initial Public Offering
December 19, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunner to Roman DBDR Acquisition Corp. II (“Roman” or the “Company”) on its $200 million initial public offering.
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Hedaya Capital Provides $2.5 Million Factoring Facility to Help Family Business Expand
December 19, 2024The Hedaya Capital Group recently provided a $2.5 million factoring facility to a New Jersey-based high-end golf apparel brand that prioritizes the consumers’ athletic nature but can be worn for many engagements: athletic, personal, and professional.
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Amerisource Business Capital Closes a $3,500,000 Working Capital Facility for Industrial Coatings Firm
December 19, 2024Amerisource Business Capital is pleased to announce the successful closing and funding of a $3,500,000 working capital facility for an Oklahoma-based industrial coatings company serving diverse industries.
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Ashton Bennett Joins nFusion Capital as Senior Vice President, Underwriting
December 19, 2024nFusion Capital announced that experienced analyst Ashton Bennett has joined their team as Senior Vice President of Underwriting as of December 2, 2024. She is based in their Phoenix Office. In previous posts she has demonstrated steadfast leadership and a commitment to client satisfaction.
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Cervano Capital Launches as PE Firm
December 19, 2024Cervano focuses on investments in the lower middle market across business services, industrials, technology, and consumer sectors.
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Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio
December 19, 2024Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and 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, today announced it has provided a $10 million venture loan facility to OneNetwork, Inc. dba Finexio, of which $5 million has been initially funded.
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CIBC Innovation Banking Provides Growth Capital to AI-Powered Go-to-Market Platform Landbase
December 19, 2024CIBC Innovation Banking has provided growth capital financing to Landbase, an AI-powered go-to-market automation platform. The funding will support Landbase's growth plans and product development.
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AlixPartners Announces 23 Global Promotions at Partner & Managing Director and at Partner-level in its Turnaround and Restructuring Practice
December 19, 2024AlixPartners, the global consulting firm, announced today the promotion of 6 individuals to the role of Partner & Managing Director and 17 to the role of Partner from across its global Turnaround and Restructuring Practice, effective January 1, 2025.
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Soleno Therapeutics Enters Into $200 Million Debt Financing with Oxford Finance LLC
December 19, 2024Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced it has entered into a loan and security agreement with Oxford Finance LLC and its affiliates (Oxford) for up to $200 million.
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Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Announce a Merger of Equals to create a Premier Northeast Banking Franchise
December 19, 2024Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.
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NXT Capital Closes Senior Credit Facility in Support of Broad Sky Partners’ Acquisition of Frontline Managed Services
December 19, 2024NXT Capital announced today that it closed a senior credit facility in support of Broad Sky Partners’ acquisition of Frontline Managed Services. NXT Capital acted as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent on this transaction.
-
Phoenix Management, a Part of J.S. Held Announces Lending Survey in America Results
December 19, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the "Lending Climate in America" survey results from Phoenix Management, a part of J.S. Held. The fourth quarter survey results highlight concern regarding the impact of the presidential election and the timing and magnitude of future Federal Reserve interest rate reductions.
-
C. Shawn Bookin, Former Managing Director at Guggenheim Partners Joins Star Mountain Capital as Senior Advisor
December 19, 2024tar Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 11/30/2024) focused on generating defensive and premium yield and total returns from the less efficient and resource-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that C. Shawn Bookin has joined as Senior Advisor.
-
VSS Capital Partners Completes Investment in Lumenci, Inc.
December 19, 2024VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, education, and business services industries, today announced the completion of a new platform investment in Lumenci, Inc. (“Lumenci” or “the Company”), a full-service intellectual property (“IP”) consulting firm, in association with Century Equity Partners, a Boston-based private equity firm. Financial terms of the private transaction were not disclosed.
-
Colbeck Capital Names Gregory Budetti Head of Business Development
December 19, 2024Colbeck Capital Management (“Colbeck”), a leading middle-market private credit firm focused on strategic lending, today announced that Gregory Budetti, former Director of Capital Partnerships and Investor Relations at Closed Loop Partners, LLC, has joined Colbeck as Head of Business Development.
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Alvarez & Marsal's Private Equity Performance Improvement Group Bolsters its Transformation Services Offering
December 19, 2024Leading global professional services firm Alvarez & Marsal announces the appointment of Kyle Lemmon as a Managing Director within its Private Equity Performance Improvement (PEPI) group focused on the firm’s Transformation Services offering.
-
BlackRock 2025 Private Markets Outlook: A New Era of Growth
December 19, 2024BlackRock Inc. (NYSE:BLK) today released its annual Private Markets Outlook mapping out how the sector, spanning geographies and asset classes, will evolve in the year ahead. Covering trends in private debt, infrastructure, private equity and real estate, the report helps clients navigate this rapidly growing space.
-
Summit Broadband Secures Additional $100 Million for Florida Expansion
December 19, 2024Summit Broadband, a leading fiber-optics telecommunications provider in Florida, announced the successful closing of an incremental $100 million debt facility and term expansion with Brookfield Asset Management ("Brookfield").
-
Vesta Announces Closing of US$545 Million Global Syndicated Sustainable Credit Facility Including US$200 Million Revolving Credit Facility
December 19, 2024Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (BMV: Vesta; NYSE: VTMX), a leading industrial real estate company in Mexico, announced today that is has closed the previously announced US $545 million Global Syndicated Sustainable Credit Facility (the "Facility") comprised of a US $345 million term loan available through two tranches, for three and five years, with an 18-month availability period and a US $200 million Revolving Credit Facility, substituting the Company’s prior US $200 million in-place un-drawn Revolving Credit Facility.
-
MONTICELLOAM, LLC, Huntington National Bank Provide $400M to Refinance Skilled Nursing Portfolio
December 19, 2024MONTICELLOAM, LLC (“MonticelloAM”) announced the closing of a $400,000,000 bridge loan for a 29-facility skilled nursing portfolio. A MonticelloAM firm affiliate acted as Agent, with Huntington National Bank as joint lead arranger. The financing comprised over 2,900 beds across Kentucky and Tennessee.
-
B. Riley Securities Serves as Sole Bookrunner to Roman DBDR Acquisition Corp. II in Connection with its $200 Million Initial Public Offering
December 19, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunner to Roman DBDR Acquisition Corp. II (“Roman” or the “Company”) on its $200 million initial public offering.
-
Hedaya Capital Provides $2.5 Million Factoring Facility to Help Family Business Expand
December 19, 2024The Hedaya Capital Group recently provided a $2.5 million factoring facility to a New Jersey-based high-end golf apparel brand that prioritizes the consumers’ athletic nature but can be worn for many engagements: athletic, personal, and professional.
-
Amerisource Business Capital Closes a $3,500,000 Working Capital Facility for Industrial Coatings Firm
December 19, 2024Amerisource Business Capital is pleased to announce the successful closing and funding of a $3,500,000 working capital facility for an Oklahoma-based industrial coatings company serving diverse industries.
-
Ashton Bennett Joins nFusion Capital as Senior Vice President, Underwriting
December 19, 2024nFusion Capital announced that experienced analyst Ashton Bennett has joined their team as Senior Vice President of Underwriting as of December 2, 2024. She is based in their Phoenix Office. In previous posts she has demonstrated steadfast leadership and a commitment to client satisfaction.
-
Cervano Capital Launches as PE Firm
December 19, 2024Cervano focuses on investments in the lower middle market across business services, industrials, technology, and consumer sectors.
-
Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio
December 19, 2024Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and 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, today announced it has provided a $10 million venture loan facility to OneNetwork, Inc. dba Finexio, of which $5 million has been initially funded.
-
CIBC Innovation Banking Provides Growth Capital to AI-Powered Go-to-Market Platform Landbase
December 19, 2024CIBC Innovation Banking has provided growth capital financing to Landbase, an AI-powered go-to-market automation platform. The funding will support Landbase's growth plans and product development.
-
AlixPartners Announces 23 Global Promotions at Partner & Managing Director and at Partner-level in its Turnaround and Restructuring Practice
December 19, 2024AlixPartners, the global consulting firm, announced today the promotion of 6 individuals to the role of Partner & Managing Director and 17 to the role of Partner from across its global Turnaround and Restructuring Practice, effective January 1, 2025.
-
Soleno Therapeutics Enters Into $200 Million Debt Financing with Oxford Finance LLC
December 19, 2024Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced it has entered into a loan and security agreement with Oxford Finance LLC and its affiliates (Oxford) for up to $200 million.
-
Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Announce a Merger of Equals to create a Premier Northeast Banking Franchise
December 19, 2024Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.