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White Oak Healthcare Finance, LLC announced it acted as sole lender and administrative agent on the funding of a $34.8 million senior credit facility to Vita Healthcare Group, LLC (Vita).  The funds were used to finance the acquisition of two skilled nursing facilities, consisting of 295 beds in Maryland.  The financing included a $31.8 million term loan and a $3.0 million working capital line of credit.“Vita has a proven track record of identifying underperforming skilled nursing facilities Read Story

Filed Under: Healthcare
August 08, 2018 @ 07:13 AM

Mergers and aquisitions (M&A) activity is widespread across the U.S. fintech industry, with deal sizes increasing meaningfully, according to a new report from Fitch Ratings. The industry is absorbing more than $25 billion of deal activity YTD. Fitch said it expects transactions to continue, with a focus on increasing scale and key capabilities related to digital/mobile technologies, integrated payments, software, banking-related services, and security due to an uptick in data breaches.According Read Story

Filed Under: FinTech
August 13, 2018 @ 08:07 AM

National Stores, Inc., a 344 store chain in twenty-two states and Puerto Rico, announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to facilitate its reorganization. As part of the restructuring, the Company will be closing 74 of its 344 stores. National Stores is working with its Read Story

Filed Under: Retail
August 07, 2018 @ 07:48 AM

Attorneys for consulting giant McKinsey & Co. are asking a federal judge to dismiss what they say is a baseless lawsuit against the firm filed by one of its largest competitors.   As ABL Advisor reported in May, Jay Alix, founder of the turnaround firm, AlixPartners, filed a lawsuit in federal court in New York accusing McKinsey   of engaging in unfair business practices and multiple criminal violations that resulted in significant losses to his firm.Alix alleges that between 2001 and the Read Story

Filed Under: Legal
August 06, 2018 @ 08:00 AM

Dun & Bradstreet, a global provider of commercial data, analytics and insights for businesses, announced that it has entered into a definitive merger agreement to be acquired by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, L.P. (THL), along with a group of other distinguished investors. The transaction will be financed through a combination of committed equity financing provided by the Investor Group, as well as debt financing that has Read Story

August 09, 2018 @ 08:01 AM

2018-08-19 21:24