PPL Group has engineered the sale of a Texas-based structural steel fabrication facility and equipment to a regional operator who will rehire employees and restart the business.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that David Sun, Principal, Cybersecurity, has been named to The Consulting Report’s Top 25 Cybersecurity Consultants and Leaders of 2024 list.

Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that it has recently completed the following stretch finance transactions: a $300,000 facility to a US oil and gas equipment company selling to US corporations and $750,000 facility to a US supplier of laboratory solutions selling to US corporations.

Pro-grade audiovisual gear from Keslow Camera, one of North America’s leading production rental companies, is available on December 3 in an online auction by Tiger Group.

Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Comvest Private Equity’s majority investment in Riccobene Associates Family Dentistry (“Riccobene”), a dental service organization (DSO) based in Cary, North Carolina.

Addi, the Colombia-based fintech platform for integrated payments, shopping and banking, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit.

Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a $144 million senior secured credit facility (the “Financing”) for Sportime Clubs, LLC (“Sportime”), a leading operator of tennis and sports clubs in the New York tri-state area.

Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and increase clientele while also reducing the amount of time spent in back-office operations.

The Central Bank of Brazil (BCB) has selected Banco Inter alongside Microsoft Brazil, 7COMm and Chainlink to build a trade finance solution as part of the second phase of Brazil's DREX, Brazilian digital currency's pilot. The solution leverages blockchain technology and oracles to automate supply chain management and improve trade finance processes.

As of September 30, 2024, the Company had approximately $0.3 million of cash and $27.1 million of total debt net of capitalized financing fees. The debt includes $21.8 million from a convertible note and $5.4 million from the Company’s revolving line of credit, which has $7.5 million of additional borrowing capacity.

Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, announces the launch of its structured finance offering. Integrated with Linedata Ekip360, it simplifies the management of complex structured finance structures for investment banks and credit institutions.

Concord Financial Advisors announced it served as the exclusive financial advisor $25 million senior debt facility for ACMS Group, a leader in the industrial gas and power generation industries.

CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital, enabling the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options from traditional banks.

Latham & Watkins LLP is pleased to announce that Jim Fogarty has joined the firm's New York office as a partner in the Structured Finance Practice. Fogarty represents private equity sponsors, private capital lenders, financial institutions, asset managers, and corporates in complex structured and securitization transactions.

Golub Capital BDC, Inc. (“GBDC” or the “Company”), a business development company (Nasdaq: GBDC), and Golub Capital, today announced a series of debt funding structure initiatives expected to reduce GBDC’s prospective borrowing costs and provide additional investment flexibility:

Granite Comfort (Granite), which provides essential services such as HVAC and plumbing infrastructure to residential customers in six states, today announced that it has entered into a new asset-backed credit facility with East-West Bank, the publicly traded (NASDAQ: EWBC) full service commercial bank headquartered in Pasadena, California.

Global law firm Clifford Chance has hired private equity partner Vince Ferrito following the recent arrivals of David Schultz and Matthew Hinker to its US Private Equity and Restructuring and Insolvency practices. All three partners joined from O'Melveny.

Bain Capital today announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7 billion in total commitments, inclusive of co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds.

White Oak Global Advisors (“White Oak”), a private investment firm specializing in providing financing solutions to support the growth and business needs of small and medium enterprises, today announced a new partnership with the United Submarine Alliance (USA) Qualified Opportunity Fund LP.

EverBank has announced the opening of its first West Coast financial centre in Encino, California, representing a step in the bank’s expansion in the California market. This new centre will provide a comprehensive range of consumer and business banking products and services to both consumers and businesses in the area.