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Brookridge Funding Announces Closing of $4,050,000 PO Facilities
January 13, 2025Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
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Brookridge Funding Announces Closing of $4,050,000 PO Facilities
January 13, 2025Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
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Brookridge Funding Announces Closing of $4,050,000 PO Facilities
January 13, 2025Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
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Sallyport Exceeds Target for Inaugural Private Equity Fund, Raising $160 Million
January 13, 2025Sallyport, an operationally focused lower to middle-market private equity firm, is pleased to announce the closing of its first fund, Sallyport Partners Fund. The fund exceeded its target of $150mm, closing with $160mm in total capital commitments.
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Ares Management Appoints Kevin Alexander as Co-Head of Alternative Credit
January 13, 2025Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Kevin Alexander, Partner in Ares’ Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately.
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UMB Financial Corporation Receives Regulatory Approval to Acquire Heartland Financial USA, Inc.
January 13, 2025UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial USA, Inc. (Nasdaq: HTLF) are pleased to share that the necessary regulatory approvals from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have been received to complete the previously announced acquisition of HTLF. These approvals follow shareholder approvals for both companies.
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New Mountain Capital to Acquire Machinify and Combine with Leading Healthcare Intelligence and Payment Platform
January 13, 2025New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with more than $55 billion in assets under management, today announced a definitive agreement to acquire Machinify, Inc. (“Machinify”), a leading provider of artificial intelligence (AI)-powered software transforming healthcare payments.
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Compass Diversified Holdings Announces Amendment of its Credit Agreement
January 13, 2025Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced that on January 9, 2025, it entered into a First Incremental Facility Amendment (the “Amendment”) to its existing Credit Agreement with Bank of America, N.A., as Administrative Agent for the Lenders party thereto.
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BMO and Canal Road Group Form Strategic Partnership Aimed at Providing Direct Lending to Upper Middle-Market Companies
January 13, 2025BMO (NYSE: BMO) and Canal Road Group ("CRG") today announced they are entering into a strategic partnership. As part of the arrangement, BMO's commitment to CRG will enable CRG to invest up to $1 billion in capital in support of their direct lending strategy.
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Origis Energy Closes $415M Funding Package for Texas-sited Swift Air Solar
January 13, 2025Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of financing for the Swift Air Solar project in Ector County, Texas. The $415 million funding package includes construction, term debt and tax equity financing from Natixis Corporate & Investment Banking (CIB) and Advantage Capital.
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WhiteHawk Capital Partners Provides Credit Facility to Nephron Pharmaceuticals
January 13, 2025WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with Nephron Pharmaceuticals, LLC (“Nephron” or the “Company”) to provide a $350 million asset-based credit facility (the "Financing").
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Huntington Business Credit Closes $23 Million in New Credit Facilities with HCI-TSM Holding Corporation
January 13, 2025Huntington Business Credit closed $23,000,000 in new credit facilities with HCI-TSM Holding Corporation on December 23, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing capital expenditure and working capital financing.
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William Blair Names Stewart Licudi Head of European Investment Banking
January 13, 2025William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, has named Stewart Licudi as the firm’s head of European investment banking. Based in London, Licudi will lead William Blair’s investment banking advisory activity in Europe.
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Advanced Power Closes $100M Corporate Credit Facility
January 13, 2025Advanced Power announces the closing of a $100 million corporate credit facility to further its corporate goals and company vision of advancing a sustainable, reliable energy future. Advanced Power is an industry-leading developer, manager, and owner of diverse utility-scale energy-infrastructure assets, including renewables, battery energy storage systems (BESS), high-efficiency combined-cycle natural gas turbine (CCGT) facilities and modern peaker units.
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California Department of Financial Protection and Innovation Announces Proclamation of an Extraordinary Situation
January 9, 2025the Bank Extraordinary Situation Closing Act, under Financial Code section 1092, empowers the Commissioner of the Department of Financial Protection and Innovation, by proclamation, to authorize state‐chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary situation has ended, or until the officers of the bank determine that one or more offices should reopen.
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Expansion Capital Group Secures $100 Million Credit Facility to Accelerate Growth
January 9, 2025Expansion Capital Group (ECG), a leading provider of working capital solutions for small businesses, proudly announces the successful closing of a $100 million credit facility. This achievement reinforces ECG’s dedication to empowering small businesses nationwide by delivering fast and dependable access to capital.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces that Donna Alexander has Joined the Company
January 9, 2025SLR Equipment Finance (SLR EQF) is pleased to announce Donna Alexander has joined our company as a Senior Vice President, Direct Sales. In her role, Donna will help grow SLR Equipment Finance’s leasing and lending activities in the central region of the U.S. Donna began her career with General Electric Capital Corporation.
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ACON Investments, Alongside Strategic Partner SB360, Acquires True Religion, An Iconic Lifestyle Brand
January 9, 2025ACON Investments, L.L.C. and its affiliates (“ACON”) today announced the acquisition of a controlling stake in True Religion (“True Religion” or the “Company”), a lifestyle, apparel and accessories brand known for its quality craftsmanship, unique designs and premium stitching. Financial terms of the transaction were not disclosed.
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SSG Advises Fluid Truck Inc. in the Sale of Substantially All Assets to Kingbee Rentals, LLC
January 9, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Fluid Market, Inc., and its affiliates d/b/a Fluid Truck Inc. (collectively “Fluid” or the “Company”) in the sale of substantially all assets to Kingbee Rentals, LLC (“Kingbee”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware and closed in December 2024.
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CIBC Announces Promotions Within Asset-based Lending Team
January 9, 2025Naber and Susan Lanz within its Asset-based Lending (ABL) team. These promotions recognize their significant contributions and leadership abilities, reinforcing the bank’s commitment to helping clients reach ambitious possibilities.
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Brookridge Funding Announces Closing of $4,050,000 PO Facilities
January 13, 2025Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
-
Brookridge Funding Announces Closing of $4,050,000 PO Facilities
January 13, 2025Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
-
Brookridge Funding Announces Closing of $4,050,000 PO Facilities
January 13, 2025Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
-
Sallyport Exceeds Target for Inaugural Private Equity Fund, Raising $160 Million
January 13, 2025Sallyport, an operationally focused lower to middle-market private equity firm, is pleased to announce the closing of its first fund, Sallyport Partners Fund. The fund exceeded its target of $150mm, closing with $160mm in total capital commitments.
-
Ares Management Appoints Kevin Alexander as Co-Head of Alternative Credit
January 13, 2025Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Kevin Alexander, Partner in Ares’ Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately.
-
UMB Financial Corporation Receives Regulatory Approval to Acquire Heartland Financial USA, Inc.
January 13, 2025UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial USA, Inc. (Nasdaq: HTLF) are pleased to share that the necessary regulatory approvals from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have been received to complete the previously announced acquisition of HTLF. These approvals follow shareholder approvals for both companies.
-
New Mountain Capital to Acquire Machinify and Combine with Leading Healthcare Intelligence and Payment Platform
January 13, 2025New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with more than $55 billion in assets under management, today announced a definitive agreement to acquire Machinify, Inc. (“Machinify”), a leading provider of artificial intelligence (AI)-powered software transforming healthcare payments.
-
Compass Diversified Holdings Announces Amendment of its Credit Agreement
January 13, 2025Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced that on January 9, 2025, it entered into a First Incremental Facility Amendment (the “Amendment”) to its existing Credit Agreement with Bank of America, N.A., as Administrative Agent for the Lenders party thereto.
-
BMO and Canal Road Group Form Strategic Partnership Aimed at Providing Direct Lending to Upper Middle-Market Companies
January 13, 2025BMO (NYSE: BMO) and Canal Road Group ("CRG") today announced they are entering into a strategic partnership. As part of the arrangement, BMO's commitment to CRG will enable CRG to invest up to $1 billion in capital in support of their direct lending strategy.
-
Origis Energy Closes $415M Funding Package for Texas-sited Swift Air Solar
January 13, 2025Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of financing for the Swift Air Solar project in Ector County, Texas. The $415 million funding package includes construction, term debt and tax equity financing from Natixis Corporate & Investment Banking (CIB) and Advantage Capital.
-
WhiteHawk Capital Partners Provides Credit Facility to Nephron Pharmaceuticals
January 13, 2025WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with Nephron Pharmaceuticals, LLC (“Nephron” or the “Company”) to provide a $350 million asset-based credit facility (the "Financing").
-
Huntington Business Credit Closes $23 Million in New Credit Facilities with HCI-TSM Holding Corporation
January 13, 2025Huntington Business Credit closed $23,000,000 in new credit facilities with HCI-TSM Holding Corporation on December 23, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing capital expenditure and working capital financing.
-
William Blair Names Stewart Licudi Head of European Investment Banking
January 13, 2025William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, has named Stewart Licudi as the firm’s head of European investment banking. Based in London, Licudi will lead William Blair’s investment banking advisory activity in Europe.
-
Advanced Power Closes $100M Corporate Credit Facility
January 13, 2025Advanced Power announces the closing of a $100 million corporate credit facility to further its corporate goals and company vision of advancing a sustainable, reliable energy future. Advanced Power is an industry-leading developer, manager, and owner of diverse utility-scale energy-infrastructure assets, including renewables, battery energy storage systems (BESS), high-efficiency combined-cycle natural gas turbine (CCGT) facilities and modern peaker units.
-
California Department of Financial Protection and Innovation Announces Proclamation of an Extraordinary Situation
January 9, 2025the Bank Extraordinary Situation Closing Act, under Financial Code section 1092, empowers the Commissioner of the Department of Financial Protection and Innovation, by proclamation, to authorize state‐chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary situation has ended, or until the officers of the bank determine that one or more offices should reopen.
-
Expansion Capital Group Secures $100 Million Credit Facility to Accelerate Growth
January 9, 2025Expansion Capital Group (ECG), a leading provider of working capital solutions for small businesses, proudly announces the successful closing of a $100 million credit facility. This achievement reinforces ECG’s dedication to empowering small businesses nationwide by delivering fast and dependable access to capital.
-
SLR Equipment Finance Expands its Business Development Capabilities and Announces that Donna Alexander has Joined the Company
January 9, 2025SLR Equipment Finance (SLR EQF) is pleased to announce Donna Alexander has joined our company as a Senior Vice President, Direct Sales. In her role, Donna will help grow SLR Equipment Finance’s leasing and lending activities in the central region of the U.S. Donna began her career with General Electric Capital Corporation.
-
ACON Investments, Alongside Strategic Partner SB360, Acquires True Religion, An Iconic Lifestyle Brand
January 9, 2025ACON Investments, L.L.C. and its affiliates (“ACON”) today announced the acquisition of a controlling stake in True Religion (“True Religion” or the “Company”), a lifestyle, apparel and accessories brand known for its quality craftsmanship, unique designs and premium stitching. Financial terms of the transaction were not disclosed.
-
SSG Advises Fluid Truck Inc. in the Sale of Substantially All Assets to Kingbee Rentals, LLC
January 9, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Fluid Market, Inc., and its affiliates d/b/a Fluid Truck Inc. (collectively “Fluid” or the “Company”) in the sale of substantially all assets to Kingbee Rentals, LLC (“Kingbee”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware and closed in December 2024.
-
CIBC Announces Promotions Within Asset-based Lending Team
January 9, 2025Naber and Susan Lanz within its Asset-based Lending (ABL) team. These promotions recognize their significant contributions and leadership abilities, reinforcing the bank’s commitment to helping clients reach ambitious possibilities.