Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital (“NPC”), today announced Katherine Elmore-Jones has joined as a Partner and Head of Private Equity Business Development in Europe. Ms. Elmore-Jones will be based in Arcmont’s London office and report to Chris Freeze and David Burnside, Co-Heads of NPC Business Development.

Kirkland & Ellis announced that H.T. Flanagan will join the firm as a partner in the Debt Finance Group. Flanagan advises private credit funds, alternative lenders, and other investors on traditional private credit financings and bespoke capital solutions. He also counsels such credit-oriented investors on direct originations, secondary market opportunities, complex inter-creditor issues, and novel structured capital investments.

Winston & Strawn members of the Esoteric Structured Finance, Private Equity, M&A and Executive Compensation and Benefits practices coordinated with Structured Finance Partner Pete Morgan on a transformative transaction for client Honor Capital Holdings. The transaction doubled the size of Honor Capital’s loans under management and solidified it as a premier P&C premium finance lender.

CapitalPlus Financial Services, a trusted provider of construction-focused financial solutions, has extended a $1 million factoring facility to a Florida-based underground utility contractor, empowering the business to take on new projects without waiting for client payments to clear. This tailored financing solution ensures that the contractor can focus on growth and timely payment to its subcontractors.

As an innovative education staffing provider, Zen Educate Inc. specializes in delivering teaching and support roles to a diverse range of educational establishments. Formed in 2017, Zen Educate Ltd., the parent company based in the United Kingdom, boasts backing from some of the leading education and technology venture investors.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Hi-Tek Data Holdings LLC., a premier managed service provider, on its recapitalization by Sea Pine Equity Partners, a lower middle-market private equity firm focused on the service sector.

Harrisburg, Pennsylvania-based Mid Penn Bancorp has agreed to acquire Bristol, Pennsylvania based William Penn Bancorp in an all-stock transaction valued at roughly $127 million, the companies announced Friday.

CIBC Innovation Banking has appointed Paul McKinlay and Patrick Martin as Executive Managing Directors and Co-Heads, effective November 1, 2024, as Mark Usher retires from his position as President and Executive Managing Director.

PennantPark Investment Advisers, LLC (“PennantPark”) today announced the final close of PennantPark Credit Opportunities Fund IV (“PCOF IV”), a private closed-end fund with $610 million of investable capital. The fourth vintage in its family, PCOF IV offers investors access to a diversified portfolio of middle market investments spanning first lien loans, second lien loans, mezzanine debt, and associated equity co-investments.

Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to finance H.I.G. Capital’s (“H.I.G.”) acquisition of SkinCure Oncology Intermediate LLC (“SkinCure Oncology”). SkinCure Oncology’s executive team, led by CEO Kerwin Brandt, will continue to lead the company and remain significant shareholders.

Capital Plus Financial, a leading Community Development Financial Institution and subsidiary of Crossroads Impact Corp, is proud to announce its participation in the Texas Micro-Business Disaster Recovery Loan Program. This initiative provides essential access to capital for microbusinesses impacted by declared disasters, helping them recover and rebuild.

Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced the acquisition of Sallyport Commercial Finance, LLC (“Sallyport” or “SCF”) in an all cash transaction that closed on October 31, 2024 and is valued at approximately $53.9 million.

Franchise Group, Inc. ("FRG" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with holders of approximately 80% of its first lien debt on a comprehensive solution to strengthen FRG's capital structure and best position its leading brands – Pet Supplies Plus, The Vitamin Shoppe, and Buddy's Home Furnishings – for continued sustainable growth.

TGI Fridays Inc. (the "Company"), the owner and operator of 39 domestic restaurants in the TGI Friday's casual dining chain, today filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas.

Lendscape, a global leader in secured finance technology, is pleased to announce the appointment of Patrick Myles as Chief Technology Officer. With over 25 years of experience in senior technology leadership roles, Myles will spearhead Lendscape’s continued innovation and product development, ensuring its solutions remain at the forefront of the fintech industry.

Robert Meyers, President of Republic Business Credit, was recently elected as President of the Secured Finance Network (SFNet), the essential resource for all organizations and professionals that deliver and enable secured finance to businesses.

Leading global professional services firm Alvarez & Marsal (A&M) announces the appointment of John Fiorentino as a Managing Director within the firm’s Private Equity Performance Improvement (PEPI) group. Mr. Fiorentino’s expertise unlocking procurement and supply chain-driven value creation, in support of private equity (PE) firms and their portfolio companies, provides the perfect blend of experience to expand A&M’s Procurement and Sourcing group’s strategic capabilities.

Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a $50 million growth capital facility to Bugcrowd, a leading provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organizations and hackers to mitigate vulnerabilities across all applications, systems, and infrastructure.

Gunvor Group, one of the largest independent energy commodities trading companies worldwide, has successfully closed its inaugural United States (US) Private Placement, totalling US $378.5 million of senior unsecured notes with US institutional investors placed under Section 4(a)(2) of the Securities Act.

Jupiter Power LLC ("Jupiter Power"), a leading developer and operator of utility-scale battery energy storage systems, announced today the successful close of a $225 million corporate credit facility.