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News Stories (621 Results) - Industry News

Lawrence Financial Group announced the closing of first quarter, 2017, transactions with a total value of more than $30 million. These include: $10 million line of credit for a tire wholesaler and re-treading facility in Rancho Dominguez, CA. The... Read Story

April 20, 2017, 07:00 AM

Crestmark secured a total of $16,780,000 in financial solutions for 11 new clients in the first half of April. On April 1, a $3,100,000 new lease transaction was completed with a child care provider in the midwestern U.S. The financing will be... Read Story

April 18, 2017, 07:00 AM

Hercules Capital, a specialty finance company, provided its interim portfolio update for the first quarter 2017. As of March 31, 2017, Hercules has originated $190.7 million of new debt and equity commitments to 12 new and existing portfolio... Read Story

April 17, 2017, 08:00 AM

Kugman Partners is the winner of a 2017 Turnaround Atlas Award for its leadership role in the restructuring and Reorganization of Cardiac Science Corporation.Brent Kugman, CEO of Kugman Partners, accepted the coveted Corporate Turnaround of the Year... Read Story

April 13, 2017, 07:00 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $97.1 million in new middle-market investment commitments during the three months ended March 31, 2017. Approximately 42% of the new middle-market investment... Read Story

April 12, 2017, 07:00 AM

Jeffrey A. Wurst, a senior partner at Ruskin Moscou Faltischek P.C., was named amongst the Long Island Pulse Magazine’s  “2017 Top Ten Legal Eagles” in Nassau and Suffolk Counties and is the only Bankruptcy and Commercial Finance attorney to be so... Read Story

April 11, 2017, 07:04 AM

Crestmark secured a total of $13,891,000 in financial solutions for 27 new clients in the second half of March. On March 15, a $1,000,000 new lease transaction was completed with an internet service provider in the midwestern U.S. The financing... Read Story

April 05, 2017, 07:00 AM

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, has received four industry awards in four months recognizing the firm’s exemplary performance in 2016. In... Read Story

April 03, 2017, 07:00 AM

Signature Bank, a New York-based full-service commercial bank, announced it was named Best Commercial Bank of the Year in the United States in the International Banker 2017 North and South American Awards.The International Banker annual banking... Read Story

March 31, 2017, 08:00 AM

Charter Capital Partners, a Grand Rapids, Mich.-based investment banking and capital management firm, announced that it has been included in Axial's 2017 Advisor 100 List for most referred middle-market advisory firms in the United States, according... Read Story

March 31, 2017, 08:00 AM

Marquette Business Credit, LLC announced it recently funded over $54,300,000 in recent transactions to four new clients. These fundings include facilities to Omada International, a machining and manufacturing company for the aerospace and energy... Read Story

March 28, 2017, 07:00 AM

Golub Capital announced it has been named the 2016 "Lender of the Year" by Mergers & Acquisitions, a monthly business publication focusing on the U.S. middle market."The companies and individuals honored by Mergers & Acquisitions' 10th Annual M&A Mid... Read Story

March 27, 2017, 07:00 AM

Allied Affiliated Funding announced the closure of three new transactions totalling $2,650,000: A $1,500,000 factoring facility to a digital marketing consultant for mid-size to large corporations. This company is a returning Allied client who had... Read Story

March 21, 2017, 07:00 AM

February was a record month for Sallyport Commercial Finance, providing facilities totaling $25.2 million. We were able to support businesses across a number of industries and sectors, including a Petroleum Distributor, a Seafood Distributor, a... Read Story

March 20, 2017, 07:00 AM

Crestmark secured a total of $7,680,000 in financial solutions for 20 new clients in the first half of March. On March 1, a $440,000 new lease transaction was completed with a Tier 1 automotive company in the midwestern U.S. A $100,000... Read Story

March 17, 2017, 07:00 AM

Prospect Capital Corporation announced that Prospect recently purchased $38 million of first lien senior secured floating rate notes issued by Memorial MRI & Diagnostic, L.L.C. (MMRI), a portfolio company of Baymark Partners. Based in Dallas, Texas... Read Story

March 17, 2017, 07:00 AM

Scargo Hill Capital, LLC, an institutional asset manager focused on providing asset-based, senior secured direct lending to the retail and consumer product sectors, shared the recent formation of SLC Pay It Forward, Corp., a non-profit founded in... Read Story

March 16, 2017, 07:00 AM

Comvest Partners, through its direct lending strategy, Comvest Capital, announced that the Firm has opened an office in New York City to complement its existing presence in West Palm Beach, Chicago and Los Angeles. Comvest's New York expansion comes... Read Story

March 07, 2017, 08:00 AM

Ready Capital Corporation, a Michigan-based boutique commercial lender, announced three unique commercial loan transactions: $35 million- Ontario, Canada Ready Capital Corporation facilitated international debt placement for a large non-flag hotel... Read Story

March 07, 2017, 07:00 AM

Golub Capital  announced it has been named 2016 Lender of the Year; Senior Lender of the Year; BDC of the Year and CLO Manager of the Year for the Americas by Private Debt Investor ("PDI"), a London-based publication covering the private debt and... Read Story

March 03, 2017, 07:44 AM

Crestmark secured a total of $15,535,000 in financial solutions for 21 new clients in the second half of February. A $100,000 accounts receivable purchase facility was provided on Feb. 15 to a startup trucking company in North Carolina. The... Read Story

March 03, 2017, 07:00 AM

American Trucking Associations announced Marquette Transportation Finance, an industry leader in providing working capital financing to trucking companies, is a Featured Product provider for the second year in a row. “Businesses have to invest in... Read Story

February 27, 2017, 08:00 AM

Financial research firm Greenwich Associates named Huntington Bank one of the nation's top banks for businesses with the presentation of 17 Greenwich Excellence Awards. Huntington stood out among top middle-market banks that Greenwich Associates... Read Story

February 17, 2017, 08:00 AM

Crestmark secured a total of $15,135,000 in financial solutions for 26 new clients in the first half of February. A $250,000 traditional factoring facility was provided on Feb. 1 to a wholesaler of men’s clothing in California. The financing will... Read Story

February 16, 2017, 07:00 AM

 Crestmark secured a total of $27,826,944 in financial solutions for 23 new clients in the second half of January. A $2,500,000 accounts receivable purchase facility was provided on Jan. 17 to a trucking company in California. The financing will... Read Story

February 02, 2017, 07:00 AM

Phoenix Capital Group, LLC provided working capital solutions to 195 new clients in 30 states across the country, representing $32.1 million in approved credit facilities during 2016. Phoenix Capital Group is nationally known and has been providing... Read Story

January 26, 2017, 07:00 AM

iTeknik Holding Corporation announced that on December 30th, 2016 it had secured a $15 million dollar credit facility from institutional lender, TCA Global Master Credit Fund, LP to be used primarily for making acquisitions.TCA Global Master Credit... Read Story

January 25, 2017, 07:00 AM

Silver Point Capital, L.P. has announced the final closing of the Silver Point Specialty Credit Fund at $552 million in committed capital, exceeding the Firm's stated target of $400 million-$500 million. The Specialty Credit Fund will pursue a senior... Read Story

January 24, 2017, 07:10 AM

Fitch Ratings launched its Ratings Navigator for Non-Bank Financial Institutions (NBFIs) - a visual overview of all the factors affecting an NBFI's standalone rating, their relative importance and likely direction of movement. "Ratings Navigator is a... Read Story

January 20, 2017, 08:00 AM

Platform Black Limited announced it will be changing name to Sancus Finance Limited. The move comes as part of a strategic review of operations by Platform Black’s owners, GLI Finance Limited (GLI).The strategic review, designed to simplify GLI’s... Read Story

January 16, 2017, 12:00 PM

Scherzer International announced the approval of its self-certification of compliance with the new EU-US Privacy Shield after the reviewal of the U.S. Department of Commerce (the “DOC”). The new framework, jointly designed by the DOC and the European... Read Story

January 16, 2017, 07:00 AM

Financial research firm Greenwich Associates recently named Huntington Bank one of the top banks for businesses nationally with the presentation of Greenwich Best Brand Awards for ease of doing business with middle-market companies and small... Read Story

January 12, 2017, 07:50 AM

After 20 months in development, FactoringClub is taking the wraps off its unique web platform of 84 factoring company listings in 68 cities and 26 states. Each FactoringClub.com listing contains a company description, services offered, office... Read Story

January 12, 2017, 07:38 AM

US Capital Partners Inc. announced today that it has provided funding and advisory services for over $300 million in new financings to small and lower middle market businesses in the United States in 2015. US Capital Partners is a private investment... Read Story

January 11, 2017, 07:16 AM

CHILDS Advisory Partners is pleased to announce that we have been named Boutique Investment Banking Firm of the Year by The M&A Advisor. The honors were awarded at the 15th Annual M&A Advisor Awards Gala, the premier celebration of the year for firms... Read Story

January 06, 2017, 07:45 AM

Triangle Capital Corporation, a leading provider of capital to lower middle market companies, announced that its Chief Financial Officer, Steven C. Lilly, was recognized as one of “America’s Best CFOs” by Institutional Investor Magazine in its 2017... Read Story

December 28, 2016, 07:47 AM

Fifth Third Bancorp and EverFi announced a multi-year contract that will enable Fifth Third to offer financial education and entrepreneurship classes to high school students located within the 10 states where the Bank operates retail branches.“Fifth... Read Story

December 27, 2016, 07:16 AM

Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, announced that it has surpassed $2 billion in financing – through both growth and working capital – to... Read Story

December 23, 2016, 07:06 AM

Crestmark’s marketing department was honored by Graphic Design USA with three American Graphic Design Awards for advertising and direct mailings. The work was created in-house by Senior Vice President, Marketing and Communications Director Lisa... Read Story

December 23, 2016, 07:00 AM

Medallion Financial Corp. announced that Robert M. Meyer, a 47-year veteran of the banking industry, has been appointed to Medallion Bank’s Board of Directors.“We are pleased to welcome Bob to the Bank’s Board,” stated Andrew Murstein, President of... Read Story

December 21, 2016, 07:20 AM

Starting January 28, 2017 factories in China will shut down for four weeks in observance of the Chinese New Year. Goods for the upcoming spring/summer sales seasons need to be made and shipped prior to this shutdown. However, laying out cash upfront... Read Story

December 21, 2016, 07:00 AM

Hercules Capital, Inc. provided its interim portfolio update for the fourth quarter 2016.  “Our fourth quarter-to-date portfolio activity reflects another strong quarter of new origination and funding activities, closing over $200 million of new... Read Story

December 19, 2016, 07:40 AM

NHS, a leading provider of community-based, non-profit education and human services, announced the addition of two new members to the organization’s board of directors: Howard Brod Brownstein, president and CEO of The Brownstein Corporation, and... Read Story

December 16, 2016, 07:31 AM

Medley Management Inc., a credit asset management firm, today announced that it received the award for “Debt Financing of the Year” at the 15th Annual M&A Advisor Awards. The award was based on Medley’s debt structuring and financing of Advanced... Read Story

December 16, 2016, 07:11 AM

Rising short-term rates will likely provide an earnings boost to business development companies (BDCs) in the near term as LIBOR rates approach loan-specific floors, says Fitch Ratings. BDCs are generally interest rate sensitive asmost investment... Read Story

December 15, 2016, 07:46 AM

Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc. announced it will manage a global online auction of the complete Intellectual Property (“IP”) and related assets of... Read Story

December 14, 2016, 07:23 AM

ApplePie Capital, the first online lender solely dedicated to the franchise industry, has entered into a $180 million loan purchase agreement with TowerBrook Capital Partners L.P. (TowerBrook) to purchase franchise loans originated by ApplePie over a... Read Story

December 13, 2016, 07:33 AM

NewStar Financial Inc., a specialized commercial finance company, announced today that its Board of Directors has authorized the repurchase of up to $30 million of the company’s common stock from time to time on the open market or in privately... Read Story

December 12, 2016, 07:36 AM

NewStar Financial Inc. announced that it has closed the NewStar Berkeley Fund CLO (the “Berkeley Fund” or the “Fund”), a $505 million middle-market CLO managed for qualified institutional investors.  The Berkeley Fund is the fourth credit fund... Read Story

December 01, 2016, 07:59 AM

Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company, announced today the official launch of CDFconnect™, a knowledge sharing program that delivers tools, subject matter experts, and training to help CDF’s network of... Read Story

December 01, 2016, 07:40 AM

Results of the inaugural Global Business Monitor by Bibby Financial Services (BFS) found that U.S. business decision makers (BDMs) are markedly more optimistic about the current state of the domestic economy than that of the global economy. 49... Read Story

November 30, 2016, 07:20 AM

ButcherJoseph & Co. was announced as the winner in both deal financing categories during the 15th Annual M&A Advisor Awards Gala on November 9, 2016, held at the New York Athletic Club. ButcherJoseph won the two awards for Deal Financing of the Year:... Read Story

November 23, 2016, 07:09 AM

Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) and secured debt rating of Antares Holdings (US LP) at 'BBB'. The Rating Outlook is Stable.The rating actions follow the Canada Pension Plan Investment Board's (CPPIB) announced... Read Story

November 17, 2016, 07:18 AM

P2Binvestor (P2Bi), a marketplace lender that provides growing businesses with debt capital through a crowdfunding model, has raised $7.7 Million in Series A1 funding led by Rockies Venture Club (RVC), the largest angel investor network in Colorado... Read Story

November 16, 2016, 07:29 AM

A joint venture of New Mill Capital Holdings and Tiger Capital Group, both based in New York, has acquired a former dough-products manufacturing plant in New Albany from General Mills. The transaction, which included a large portion of the production... Read Story

November 16, 2016, 07:21 AM

Newtek Business Services Corp., an internally managed business development company, announced that it has completed its seventh and largest small business loan securitization.  The securitization resulted in the issuance and sale of $43,632,000 of... Read Story

November 16, 2016, 07:12 AM

Calico Industries, Inc. (CII) has retained Equity Partners HG to seek a sale or merger of the company.  CII has been providing quality products and excellent customer service in the food service, workplace safety and janitorial industries since... Read Story

November 16, 2016, 07:02 AM

Asset quality and residual value reversion will loom over many consumer and commercial finance and leasing companies (FLCs) globally, underpinning Fitch's negative sector outlook for 2017. That said, manageable leverage across most issuers... Read Story

November 15, 2016, 07:44 AM

The M&A Advisor announced the winners of the 2016 M&A Advisor Awards at the 15th Annual Gala to a lively, sold-out crowd at The New York Athletic Club on Wednesday, November 9th."The award recipients represent the finest in the M&A industry in 2016... Read Story

November 14, 2016, 07:54 AM

The holiday season is a time to give thanks and gather for a traditional holiday meal. However, for many, the means to afford that holiday meal does not exist. To help those in need, in partnership with the UJA-Federation of NY, Malfitano Partners... Read Story

November 14, 2016, 07:40 AM

Duckhorn Wine Company, one of the most renowned wine portfolios in the world, was acquired by the strategic equity investor TSG Consumer Partners. The acquisition included the purchase of all six Duckhorn wineries: Duckhorn Vineyards, Goldeneye... Read Story

November 09, 2016, 07:36 AM

Brown Gibbons Lang & Company (BGL) announced the sale of the Kitchen Division of Focus Products Group International, LLC (FPG Kitchen), a portfolio company of Centre Lane Partners, to Lifetime Brands, Inc. BGL's Consumer Products & Retail team served... Read Story

November 09, 2016, 07:19 AM

Heritage Bank has joined forces with Fayetteville-based Diversified Funding Services, Inc., to offer accounts receivable factoring, AR/ABL credit lines and other back office managed services to businesses throughout Atlanta and the State of... Read Story

November 03, 2016, 07:52 AM

OceanFirst Bank, founded in 1902, is a community bank with $4.2 billion in assets, $3.2 billion in loans, $3.2 billion in deposits, and 50 branches located throughout central and southern, New Jersey.  OceanFirst Bank delivers commercial and... Read Story

November 01, 2016, 07:26 AM

U.S. Funding Solutions, Inc. (USFS) has teamed up with a nationwide lender to offer ABL Facility loans, also known as ABL Credit Facility loans to small businesses seeking working capital based loans to help grow their business.These working capital... Read Story

October 31, 2016, 07:13 AM

Howse Implement Company  Inc., a respected farm implement manufacturer, has retained Heritage Equity Partners (“HEP”), in conjunction with Jax Auctioneers, to seek debt or equity financing, a joint venture partner, or a buyer for the business. ... Read Story

October 21, 2016, 07:04 AM

Fifth Street Asset Management, a nationally recognized asset manager that provides credit solutions to small and mid-sized businesses, announced that its platform has committed over $10 billion of loans since its founding in 1998.The Company's... Read Story

October 19, 2016, 07:19 AM

Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc., announced it has been retained by Triumph Aerostructures, LLC  to manage an upcoming sale featuring a selection of... Read Story

October 19, 2016, 07:08 AM

Citizens Bank announced its Community Development Lending Group is providing a $3 million loan that will enable the rehabilitation of affordable housing units in Fall River. NHP Foundation is sponsoring Ships Cove Preservation Partners, LP on the... Read Story

October 18, 2016, 07:09 AM

Tetra Corporate Services, an equipment leasing company, announced the company provided a $140,000 lease for vending equipment to a company located on the West Coast.Tetra provides a vast range of creative equipment leasing solutions for all types of... Read Story

October 18, 2016, 07:03 AM

Crestline Investors, Inc., a credit focused institutional alternative asset manager, announced the closing of a $361.0 million collateralized loan obligation ("CLO"), known as Crestline Denali CLO XIV, Ltd., by its Crestline Denali Capital unit.The... Read Story

October 14, 2016, 07:09 AM

Arsenal Capital Partners, a leading New York-based private equity firm that invests in lower middle-market specialty industrial and healthcare companies, announced it has successfully completed fundraising for Arsenal Capital Fund IV LP ("Fund IV")... Read Story

October 13, 2016, 07:38 AM

Breslin, Young & Slaughter, LLC, formerly Breslin & Young Financial Consultants, LLC (B&Y), celebrated its 15th year in business on October 1, 2016.  BY&S is a boutique healthcare financial consulting firm that primarily assists healthcare lenders... Read Story

October 13, 2016, 07:03 AM

Houston Steel Plate (HSP) and Artco Group International (AGI), two independent steel service centers located in Houston, Texas and Hannibal, Ohio, have retained Heritage Equity Partners to seek a buyer for the companies.  Specializing in heavy steel... Read Story

October 10, 2016, 07:18 AM

Brown Gibbons Lang & Company (BGL) announced that RiverBend Medical Group has joined the provider and service network of Mercy Medical Center and the Sisters of Providence Health System (SPHS), members of Trinity Health. BGL served as the financial... Read Story

October 07, 2016, 07:46 AM

The Riverside Company has completed fundraising for its first-ever growth lending fund. Riverside Acceleration Capital (RAC) is an innovative investment fund designed to fuel the growth of enterprise software companies with flexible, non-dilutive... Read Story

October 05, 2016, 07:02 AM

CIT Group Inc., a leading provider of commercial lending and leasing services, announced that it has completed the sale of its Canadian equipment finance and corporate finance businesses (CIT Canada), with assets of approximately US $700 million, to... Read Story

October 04, 2016, 07:29 AM

Crestmark founder and CEO W. David Tull announced that the company marks its 20th year in business this month. Crestmark Bank was established in October 1996 with the goal of providing small- and medium-sized businesses with a broad range of... Read Story

October 04, 2016, 07:12 AM

Crestmark Bank, now in its 20th year, made Inc. magazine’s 2016 list of America’s Fastest Growing Private Companies in the U.S. For its third appearance on the annual list, Crestmark ranked 58th among the fastest-growing companies in Metro-Detroit... Read Story

October 03, 2016, 07:32 AM

After over 125 years of serving the sporting goods needs of Bound Brook, NJ and surrounding communities, retailer Efinger Sporting Goods is closing its doors for good.  Murray Greenberg, one of the current owners announced the store will conduct a... Read Story

September 30, 2016, 07:25 AM

Big Shoulders Capital (BSC), an asset-based lender, purchased $1.5 million of non-performing loans secured by construction equipment and industrial real estate. BSC closed quickly in order to maximize the value of the company and its assets.BSC is... Read Story

September 30, 2016, 07:08 AM

Balboa Capital, a technology-driven financing company that offers equipment financing and alternative business loan products, announced today that it has completed a $251 million securitization of equipment lease and loan backed notes, its fourth and... Read Story

September 28, 2016, 07:19 AM

Heritage Equity Partners has been named a finalist for the Boutique Investment Banking Firm of the Year by M&A Advisor as part of the 15th Annual M&A Advisor Awards. This year’s finalists were selected from the group of nominees during the first... Read Story

September 23, 2016, 07:48 AM

The Riverside Company has completed fundraising for Riverside Micro-Cap Fund IV (RMCF IV). The international investment firm's latest buyout fund closed at its hard cap with $650 million in capital commitments. RMCF IV invests in fast-growing North... Read Story

September 22, 2016, 07:21 AM

Bibby Transportation Finance (BTF) will celebrate ten years in business this month and will commemorate the occasion at an event at the Wildhorse Saloon where employees, clients, and other attendees will participate in a raffle to raise funds for the... Read Story

September 21, 2016, 07:16 AM

The Securities and Exchange Commission announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on a personal level and violated rules... Read Story

September 20, 2016, 07:48 AM

David B. Kurzweil, shareholder, co-chair of the Financial Institutions Practice at international law firm Greenberg Traurig, LLP, and chair of the Atlanta Business Reorganization & Financial Restructuring Practice, will serve as the Vice Chair of the... Read Story

September 20, 2016, 07:36 AM

As of January 1, 2017, Daniel Wallen is stepping down as chairman of Otterbourg P.C., after leading the firm for more than two decades. Richard L. Stehl, who heads the firm’s corporate and specialty finance practice groups, will become chairman of... Read Story

September 16, 2016, 08:00 AM

Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on September 20 of assets formerly owned by Marali Telecom Systems, Inc. The offering from the shuttered telecommunications construction services company includes... Read Story

September 15, 2016, 08:00 AM

At its annual stockholders meeting, Essex Rental Corp. provided an update on the status of its wholly-owned subsidiaries, Essex Crane Rental Corp. ("Essex Crane") and Coast Crane Company ("Coast Crane"). Update on Essex Crane Rental Corp.On... Read Story

September 14, 2016, 07:42 AM

US Capital Partners Inc. has been engaged by MoneyOnMobile, Inc. as its exclusive strategic advisor in capital formation needs. MoneyOnMobile will use the new financing to provide working capital, expand its sales and marketing activities, and meet... Read Story

September 14, 2016, 06:45 AM

Leading global professional services firm Alvarez & Marsal (A&M) has launched its new website, highlighting the firm’s work by more than 2,700 professionals in 45 offices across 18 countries. Designed for accessibility, the site provides users with... Read Story

September 09, 2016, 07:03 AM

Loeb Term Solutions announced the graduation of a Midwest metalworking facility after having provided an equipment term loan back in 2014. The company, a manufacturer of compressor housings and custom components for turbochargers, emission systems... Read Story

September 08, 2016, 07:07 AM

On September 2, 2016, Allan J. Young resigned from his position as a member of the Board of Directors (the “Board”) of A.M. Castle & Co. (the “Company”) and all committees of the Board on which he served. Young’s resignation was not because of... Read Story

September 07, 2016, 07:25 AM

Generational Equity, a leading mergers and acquisitions advisor for privately held, middle-market businesses, is pleased to announce that it is a finalist for a record 20 M&A Advisor awards. In addition to 17 individual awards, the company is also a... Read Story

September 06, 2016, 07:21 AM

Capital One announced it has partnered with the Northern California Community Loan Fund (NCCLF) to provide $10.3 million to fund renovations to the SF LGBT Center. The financing includes New Market Tax Credit (NMTC) equity investments, as well as a... Read Story

September 02, 2016, 07:03 AM

GE has completed the sale of its Commercial Lending and Leasing business in India to a consortium of former GE Capital executives led by Pramod Bhasin and Anil Chawla and backed by AION Capital Partners. The transaction represents ending net... Read Story

September 01, 2016, 07:03 AM

Day Pitney announced that partner James J. Tancredi will assume his duties as a United States Bankruptcy Judge for the District of Connecticut at Hartford on September 1, 2016. He fills a judicial vacancy created by retired Connecticut Bankruptcy... Read Story

August 30, 2016, 07:35 AM

Ritchie Bros. conducted its fourth Houston, TX auction of the year last week, selling close to 4,300 equipment items and trucks over two days for US$53+ million. More than 4,500 people from 58 countries registered to bid in the unreserved public... Read Story

August 29, 2016, 07:58 AM

Crestmark Bank is marking its 20th anniversary with the creation of a $100,000 scholarship fund to benefit students at Oakland University School of Business Administration. The fund will award $20,000 in scholarships a year for five years in honor of... Read Story

August 23, 2016, 07:29 AM

Traditionally an agricultural hub for Ritchie Bros., the company's Tipton, CA auction site held a largely construction and transportation focused auction last week and set a new site sales record in the process. On August 17th, 1,350+ equipment items... Read Story

August 22, 2016, 08:02 AM

Empire Countertops, LLC, an industry leader in the fabrication and installation of granite, marble, engineered stone, and solid surface countertops, has retained Heritage Equity Partners to seek an investor, partner, or buyer to complement the... Read Story

August 18, 2016, 06:54 AM

Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace for small businesses, announced an increase of 25 percent in year-over-year small business lending originations in the second quarter of 2016.... Read Story

August 17, 2016, 07:24 AM

Prudential Capital Group, a leading source of private capital for public and private companies, provided more than $5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a... Read Story

August 17, 2016, 07:14 AM

Crestmark Chairman, CEO and founder Dave Tull has been elected to serve as vice chair of Oakland University’s (OU) Board of Trustees. Tull was appointed to an eight-year term on the eight-member board in 2014.Tull said, “I am honored to accept an... Read Story

August 17, 2016, 07:12 AM

Loeb Term Solutions announced its recent partnership in SQN Latina, a Mexico city-based industrial asset lender focused on small and medium enterprises. The partnership between the two companies is breaking barriers in the manufacturing, construction... Read Story

August 15, 2016, 08:05 AM

TPG Specialty Lending, Inc., a specialty finance company focused on lending to middle-market companies, today issued a letter to TICC Capital Corp. stockholders recommending that stockholders elect TSLX’s highly qualified and independent nominee, T.... Read Story

August 15, 2016, 08:02 AM

Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Ares Finance Co. II LLC at 'BBB+'. The Rating Outlook is Stable.KEY RATING DRIVERS -- IDRThe IDR of Ares Finance Co. II LLC is equalized with the 'BBB+' IDRs assigned to Ares... Read Story

August 15, 2016, 07:37 AM

Super G Funding's announced its cash flow division has relocated to Santa Monica. The full address is: 1541 Ocean Avenue, Suite 200Santa Monica, CA 90401 Super G Funding is an alternative lender with over $100 million in committed capital... Read Story

August 11, 2016, 07:32 AM

Main Street Capital Corporation announced that it has received a license from the U.S. Small Business Administration ("SBA") to operate a third Small Business Investment Company ("SBIC"). The third SBIC license provides Main Street with up to $125... Read Story

August 09, 2016, 07:19 AM

OneWest Bank, a division of CIT Bank, N.A, announced it provided a $100,000 grant to the Los Angeles Latino Chamber of Commerce (LALCC), a non-profit organization that supports economic development in the Latino community of the greater Los Angeles... Read Story

August 08, 2016, 08:33 AM

At least two energy sector defaults will likely impact the U.S. institutional leveraged loan space in August, according to Fitch Ratings. Missed interest payments for Templar Energy and Stallion Oilfield Services would bring the energy trailing... Read Story

July 29, 2016, 07:36 AM

SSG Capital Advisors acted as the investment banker to Premier Care in Bathing and its affiliates in the sale of all of their outstanding debt to Premier Care Holdings, Inc. The transaction closed in March 2016. Premier is a leading provider of... Read Story

July 28, 2016, 07:52 AM

Old Hill Partners announced the release of a new website, offering the ability for borrowers and investors to learn more about the opportunity in private lending.Founded in 1996 by former Nomura credit specialist John C. Howe, Old Hill is a private... Read Story

July 25, 2016, 07:40 AM

This week Ritchie Bros. conducted its seventh Texas auction of the year, selling more than 4,600 equipment items and trucks for US$59+ million over two days in Fort Worth (July 20-21, 2016). More than 4,600 people from 55+ countries registered to bid... Read Story

July 22, 2016, 07:28 AM

The National Directory of Registered Tax Return Preparers & Professionals (PTIN) has selected fintech company Bizfi to provide its tax professionals, accountants, CPAs and their small business clients with access to funding through its aggregation... Read Story

July 22, 2016, 07:17 AM

Access Capital announced the participation of our Founder and President, Miles Stuchin, in the Elevating Entrepreneurs program.  Stuchin served as a consultant and advisor to the program during its pilot year in New York and was then asked to... Read Story

July 18, 2016, 07:39 AM

New Business Funders has just released a brand new guide that provides quick comparison to business credit lines and business loans for new companies to better illustrate funding options for new borrowers.Studies have found that the biggest hindrance... Read Story

July 18, 2016, 07:31 AM

Audax Group, a leading alternative asset management firm specializing in investments in North American middle market companies, announced the successful final close of Audax Mezzanine Fund IV (“Fund IV”) at its hard cap of $1.2 billion of aggregate... Read Story

July 13, 2016, 07:30 AM

Essex Rental Corp. provided several updates on its business, financial condition and other matters.On June 23, 2016, the Company's subsidiary, Essex Crane Rental Corp. (“Essex Crane”), entered into a Sixth Forbearance Agreement (the "Forbearance... Read Story

July 12, 2016, 07:36 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $156.0 million in new middle-market investment commitments during the three months ended June 30, 2016. Approximately 81% of the new middle-market investment... Read Story

July 12, 2016, 07:19 AM

Deal Capital Partners, LLC (http://investmentbank.com/) announces an expanded focus for business recapitalization services. Expanded partnerships among the firm’s private equity, debt lenders and mezzanine contacts provides greater opportunities for... Read Story

July 11, 2016, 07:19 AM

B. Riley & Co., LLC served as the exclusive financial advisor to R.W. Smith & Co. in connection with its sale to TriMark USA, LLC. Terms of the transaction, which closed on June 30, 2016, were not disclosed.Privately-held R.W. Smith provides... Read Story

July 07, 2016, 07:24 AM

H.I.G. Bayside Capital, the distressed debt and special situation affiliate of H.I.G. Capital, a leading global private equity investment firm with over $20 billion of equity capital under management, announced the closing of H.I.G. Bayside Loan... Read Story

July 06, 2016, 07:56 AM

Tiger Liquidity Services Energy Partners (TLSEP), in cooperation with Century Services Corp., has been retained by court appointed receiver KPMG to sell late-model, low-hour pressure pump and fracking fleet assets formerly owned by Millennium... Read Story

June 30, 2016, 07:24 AM

Monomoy Capital Partners, a private equity firm focused on deep value investing and operational improvement in the lower middle market, held a final close on its third fund (“Fund III”) with approximately $767 million of total commitments... Read Story

June 28, 2016, 08:03 AM

Tiger Capital Group's Commercial and Industrial Division, in cooperation with New Mill Capital, Joseph Finn Co., and Federal Equipment, have been retained to conduct a live webcast auction on July 19 of the assets formerly owned by SABIC Innovative... Read Story

June 24, 2016, 07:40 AM

Crestmark was honored by the 22nd Annual Communicator Awards with an Award of Excellence and three Awards of Distinction for print ads and direct-mail. For the international competition, one of the largest of its kind, Crestmark’s entries competed... Read Story

June 23, 2016, 07:06 AM

Great American Group (GA), a leading provider of advisory and valuation services, asset disposition and auction solutions and a subsidiary of B. Riley Financial, Inc, announced that it will close all 37 Jones New York factory stores in Canada."Great... Read Story

June 20, 2016, 07:39 AM

Global Special Situations ("GSS" or the "Alliance"), a global alliance of investment banking firms which focus on special situations transactions, announced that JLA Asia Limited ("JLA") has become a member. JLA maintains offices throughout China... Read Story

June 13, 2016, 12:25 PM

Ares Management, L.P. announced the final closing of its third European direct lending fund, Ares Capital Europe III (“ACE III”). Approximately one year after its launch, ACE III was oversubscribed and closed at its hard cap of €2.5 billion, above... Read Story

June 10, 2016, 07:52 AM

Union Bankshares Corporation announced the hiring of a team of commercial bankers and the opening of a loan production office in Charlotte, North Carolina.  The team will operate as UBTNC Commercial Finance, a division of Union Bank & Trust of... Read Story

June 06, 2016, 07:52 AM

Tiger Capital Group's Commercial and Industrial Division and PPL Group LLC have been retained to conduct an online auction of the assets of diesel engine services company Ironman Parts & Services on June 16. The sale includes assets from the recently... Read Story

June 01, 2016, 07:33 AM

Small business owners feeling the pressure of commercial mortgage debt and facing the specter of rising interest rates can get relief starting June 24 when a new refinance program is launched by the Small Business Administration (SBA) and provided by... Read Story

May 27, 2016, 07:56 AM

New York based private equity firm Bregal Sagemount announced this morning that it has acquired Discovery Data, Inc., the leading provider of data on retail financial services industry firms and professionals, from Ipreo, LLC. As part of the... Read Story

May 26, 2016, 07:27 AM

Fitch Ratings has revised the Rating Watch for American Capital, Ltd.'s (ACAS; 'BB-') to Positive from Negative following ACAS's announced sale to Ares Capital Corporation (ARCC; 'BBB', Outlook Stable) for approximately $3.43 billion. Approximately... Read Story

May 24, 2016, 07:12 AM

Bridge Bank announced an expansion of its regional presence with the opening of a new San Francisco branch office in the historic Russ Building in the city's financial district. The new branch location is part of the company's broader mission to... Read Story

May 24, 2016, 07:06 AM

Rosenberg & Fecci Consulting, LLC announced that Barry S Fecci has been admitted to the LLC as a partner. Fecci joined Rosenberg & Fecci in 2003 and rose from a junior field examiner to Field Examination Manager, prior to becoming a partner.... Read Story

May 19, 2016, 07:01 AM

Alternative Funding Partners and Alternative Business Funding announced a strategic partnership. By combining the teams and networks of these two firms, this partnership will provide clients with streamlined access to commercial financing. Both firms... Read Story

May 18, 2016, 07:46 AM

GMB Mezzanine Capital (“GMB”) announced that the U.S. Small Business Administration (SBA) has selected GMB as the Small Business Investment Company (SBIC) of the Year.The SBIC of the Year award recognizes the overall superior performance of the funds... Read Story

May 17, 2016, 07:58 AM

Loeb Winternitz Industrial Auctioneers and Yellen Partners announced the completion of the Maywood Park personal property auction, and the Court approval for the sale in its entirety of the Balmoral Racing Club real estate and personal property... Read Story

May 16, 2016, 07:53 AM

Clear Thinking Group LLC, the award-winning business advisory firm, is proud to celebrate its fifteenth anniversary. "Celebrating our 15th anniversary is a remarkable milestone and a direct result of the professionalism and dedication of the entire... Read Story

May 12, 2016, 07:41 AM

Amerisource announced that its factoring division, Amerisource Funding, was named Best Large Factoring Company by FactoringClub.com, which published this annual award earlier this year.  The finalists included finance companies from 25 states, with... Read Story

May 10, 2016, 07:32 AM

Hilco Industrial, a unit of Hilco Global, announced the successful completion of the sale of the assets for S&S Steel, Inc. The sale was part of a collaboration between Hilco Industrial, Ohio-based Yoder Machinery, and Pennsylvania-based Quaker City... Read Story

May 09, 2016, 07:55 AM

Brown Gibbons Lang & Company (BGL) announced recent industry awards which recognize transactional expertise in the industrials, environmental services, and consumer sectors.  The awards include:Best U.S. Industrial Transactions Practice and Best U.S.... Read Story

May 09, 2016, 07:49 AM

Global Special Situations ("GSS" or the "Alliance"), a global alliance of investment banking firms which focus on special situations transactions, announced that Hannam & Partners ("H&P"), a leading corporate finance advisory business based in London... Read Story

May 06, 2016, 07:28 AM

Wells Fargo Capital Finance announced on Apr. 19, the Wells Fargo Capital Finance team in the UK took home the 2016 Asset-based Lender of the Year award at the 15th Annual Private Equity Awards in London. Hosted by Real Deals, the awards dinner... Read Story

April 20, 2016, 07:59 AM

Phoenix Management Services, a leading provider of sustainable, operationally focused solutions is proud to announce that Joseph Nappi has been honored as a recipient of the 2016 M&A Advisor Emerging Leaders Award.Nappi is a Managing Director based... Read Story

April 20, 2016, 07:53 AM

Fitch Ratings has affirmed NewStar Financial, Inc.'s (NewStar) long- and short-term Issuer Default Ratings (IDRs) at 'BB-' and 'B', respectively, as well as the senior unsecured debt at 'BB-' and subordinated debt ratings at 'B'.The rating... Read Story

April 18, 2016, 07:37 AM

Five of the largest U.S. commercial banks — Capital One, Fifth Third, PNC, TD, and Wells Fargo — and Safeguard Scientifics announced they have invested a total of $30 million in Transactis, a leading provider of electronic billing and payment... Read Story

April 18, 2016, 07:24 AM

Medallion Financial Corp, a specialty finance company that originates and services loans in various niche industries, announced it has increased the size of its previously announced offering of 9.00% Notes due 2021 (the “Notes”) to $30 million in... Read Story

April 14, 2016, 07:45 AM

Heritage Equity Partners (HEP), a premier M&A advisor to distressed organizations and special situations and a subsidiary of Heritage Global Inc., announced that Matt LoCascio is a 7th Annual M&A Advisor Emerging Leaders Award Winner. M&A Advisor... Read Story

April 13, 2016, 07:28 AM

US Capital Partners Inc. announced that it has further expanded its range of custom bridge finance solutions for small and medium-sized businesses. “US Capital Partners has a history of success when it comes to offering clients reliable and timely... Read Story

April 13, 2016, 07:06 AM

BlueVine, a leading online provider of working capital financing to small businesses, announced the general availability of Flex Credit to offer small businesses a revolving business line of credit. Launched from beta, Flex Credit marks the expansion... Read Story

April 08, 2016, 07:39 AM

Loeb Winternitz Industrial Auctioneers and Yellen Partners announced this week that they will be conducting a two day auction to liquidate the assets from Balmoral Racing Club, Inc. and Maywood Park Trotting Association, Inc. The auction will take... Read Story

April 07, 2016, 07:53 AM

Paragon Financial Group, a 22-year-old factoring company, announces the launch of an extensive glossary of small business accounting, finance and accounts receivable factoring industry terms. The world of small business accounting, finance and... Read Story

April 04, 2016, 07:28 AM

Tetra Corporate Services is pleased to announce they provided a $539,000 lease for camera and studio equipment to a camera store located in the Southeast.Tetra provides a vast range of creative equipment leasing solutions for all types of businesses... Read Story

April 04, 2016, 07:08 AM

Medallion Financial Corp., a specialty finance company that originates and services loans in various niche industries, announced today that it intends to offer $25 million in aggregate principal amount of unsecured convertible notes due 2021 (the... Read Story

March 31, 2016, 07:30 AM

Capital One’s  annual asset-backed securities (ABS) survey found that more ABS professionals expect a decline in credit quality in 2016 than last year (54 percent versus 29 percent).  Fifty percent of respondents also anticipate that issuers of ABS... Read Story

March 30, 2016, 07:28 AM

CapitalPlus Announced the launch of CapitalPlus Financial to provide construction related companies, small businesses and start-ups, with professional back office support services. The services include invoicing, accounts payable, lien compliance and... Read Story

March 29, 2016, 07:43 AM

Bibby Financial Services Canada celebrates ten years in business this month with a continued commitment to growth across all segments and regions of the country.With offices in seven North American cities and 16 countries across the world, Bibby... Read Story

March 22, 2016, 07:48 AM

Forum Capital Partners is delighted to congratulate Silver Oak Services Partners ("Silver Oak") on successfully completing the fundraising for Silver Oak Services Partners Fund III, L.P. ("Fund III"), with total commitments at the hard cap of $335... Read Story

March 21, 2016, 07:30 AM

Western Independent Bankers (WIB), a trade association which markets to over 600 community and regional banks, announced it will partner with Bizfi, a financial technology company that provides a wide range of financing options for small businesses... Read Story

March 18, 2016, 08:03 AM

Fitch Ratings completed its periodic review of Business Development Companies (BDCs), which comprises ten publicly rated firms. The following actions were taken as a result of the peer review: American Capital, Ltd.'s ratings were placed on Rating... Read Story

March 14, 2016, 08:00 AM

Lendio, the nation’s leading marketplace for small business loans, and the Small Business & Entrepreneurship Council (SBE Council), a leading advocacy and education organization dedicated to promoting entrepreneurship and strong small business growth... Read Story

March 14, 2016, 08:00 AM

Tiger Liquidity Services Energy Partners to sell equipment from Enseco Services in Casper, Wyo. & Minot, N.D. during March 22 online sale; bidding opens March 16By order of the court appointed receiver, Tiger Liquidity Services Energy Partners will... Read Story

March 11, 2016, 07:44 AM

Providing excellent customer service is a critical component to any businesses success. By the end of 2015, over 1/3rd of CapX's business came from repeat customers. Businesses returning for additional funds, showing they’re growing, succeeding, and... Read Story

March 09, 2016, 07:43 AM

Xerox Corporation announced that it has closed a $1 billion senior unsecured term loan, to be drawn by April 1, 2016. The loan was arranged by a syndicate of seven banks: JPMorgan Chase Bank, N.A.; Merrill Lynch, Pierce, Fenner & Smith Incorporated;... Read Story

March 07, 2016, 08:07 AM

NewStar Financial announced that it completed a $348 million term debt securitization known as NewStar Commercial Loan Funding 2016-1. All floating rate classes of notes were priced at par.  NewStar Commercial Loan Funding 2016-1 was the Company’s... Read Story

March 07, 2016, 08:00 AM

Monroe Capital LLC was selected as the recipient of the 2015 Lower Mid-Market Lender of the Year Award in the Americas region by the Private Debt Investor, a global independent publication based in London, covering the private debt and private equity... Read Story

March 02, 2016, 07:19 AM

TCE Capital, a boutique asset-based lender based in Toronto, Canada, specializing in non-notification accounts receivable, inventory, equipment and SR&ED Tax Credit financing launches its new website:TCE Capital’s new and improved website provides an... Read Story

March 01, 2016, 07:24 AM

Liquid Capital Express, LLC a non-bank commercial financing company, launches an asset-based lending (ABL) program to meet businesses growing needs to have more financing options. Now companies can leverage the assets in their business to increase... Read Story

February 26, 2016, 08:00 AM

Bryant Park Capital, a leading middle-market investment bank with a focus in the specialty finance industry, announced that Golden Pear Funding, LLC closed in Q1 2016 a $25 million structured sale of a portfolio of pre-settlement advances and entered... Read Story

February 26, 2016, 07:29 AM

Hercules Capital announced that its Board of Directors has approved a $50 million open market share repurchase program. This program replaces a $50 million repurchase program which expired February 23, 2016.Under the program authorized by its Board... Read Story

February 25, 2016, 07:26 AM

CVC Capital Partners (“CVC”), one of the world’s largest private equity and investment advisory firms, announced the final closing of CVC Growth Partners. The fund is dedicated to investing in high-growth, middle-market companies in the software and... Read Story

February 24, 2016, 07:41 AM

A Jjoint venture of New Mill Capital Holdings  and Tiger Capital Group, both based in New York, has acquired Printpack’s flexible packaging, printing and tamper-evident label manufacturing facility in Fredericksburg. The transaction, which included... Read Story

February 23, 2016, 07:34 AM

Last week, buyers from around the world visited Ritchie Bros.' 200-acre Orlando, FL site for the year's largest equipment auction. In just five days, Ritchie Bros. sold a record 10,700+ items for US$172+ million.February is auction season in Florida... Read Story

February 22, 2016, 07:50 AM

TradeRocket announced that Hitachi Capital America Corp. has committed to provide up to $100 million of funding to the mid-market through TradeRocket's innovative supply chain finance program.   "TradeRocket has identified a market that Hitachi... Read Story

February 19, 2016, 07:58 AM

Baby SuperMall, LLC, an e-Commerce company that specializes in direct to consumer and third party sales of baby products,  has retained Heritage Equity Partners (“HEP”) to seek debt or equity financing, a joint venture partner, or a buyer for the... Read Story

February 16, 2016, 07:32 AM

The Board of Directors of NewStar Financial Inc. has authorized an increase to NewStar’s existing stock repurchase program, which was originally authorized by the board in October 2015.The existing plan authorized the repurchase of up to $5.0 million... Read Story

February 11, 2016, 08:04 AM

Bizfi, a Fintech company with a platform that combines aggregation, funding and a participation marketplace for small businesses, announced it originated over $142 million in business financing in the fourth quarter of 2015 -- a record for any one... Read Story

February 10, 2016, 08:07 AM

Industry-leading credit consulting firm Information Clearinghouse, Inc. (ICI), through its F&D Reports and Creditntell divisions and sister company FDARMS, has launched its new Credit Facility Focus, which provides a snapshot of key credit facility... Read Story

February 08, 2016, 07:32 AM

Ready Capital Corporation announced its new headquarters in downtown Birmingham, MI. Ready Capital Corporation provides much needed business capital in its home state.  The boutique Michigan business lender is rescuing commercial borrowers from its... Read Story

February 04, 2016, 07:16 AM

The international law firm Greenberg Traurig, LLP was among the winning deal teams recognized at the 10th Annual M&A Advisor Turnaround Awards Jan. 28. The firm received awards in two categories: Distressed M&A Deal of the Year (Between $10MM to... Read Story

February 01, 2016, 07:54 AM

Pacific Mercantile Bank announced that it is now participating in the California State Small Business Loan Guarantee Program (“SBLGP”), as part of the Bank’s efforts to expand the amount of credit available to small business owners in Southern... Read Story

January 28, 2016, 07:29 AM

King Trade Capital announced it has expanded its small business supply chain financing program designed to support the inventory financing requirements of early stage growth companies involved in importing, exporting, wholesale distribution and light... Read Story

January 27, 2016, 08:02 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that its Japanese affiliate, Gordon Brothers Japan, has published a book, “The Asset Based... Read Story

January 25, 2016, 08:06 AM

The Bon-Ton Stores, Inc. announced that, effective as of January 15, 2016,  it has retired its remaining mortgage loan facility due in April using borrowings under the Company’s $830 million revolving credit facility.  The mortgage loan facility had... Read Story

January 19, 2016, 07:19 AM

Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to The Marena Group, Inc. (Marena) on its recapitalization with The Riverside Company (Riverside). The transaction closed on Oct. 21, 2015.Founded in 1994 and headquartered in... Read Story

January 18, 2016, 08:02 AM

The Credit Junction, an online lending platform for small and mid-size businesses (SMBs), has pledged $100 million in loan availability to the small businesses belonging to the Houston Minority Supplier Development Council (HMSDC), a non-profit... Read Story

January 15, 2016, 07:08 AM

Fifth Street Asset Management announced that in 2015 it successfully agented and syndicated over $3 billion in 22 deals across its platform, according to Thomson Reuters LPC League Tables.  This represents a company record and a 67% increase over the... Read Story

January 14, 2016, 07:19 AM

Tiger Capital Group has relocated its Boston office to 60 State Street, nearly doubling the size of its space in the city to accommodate its rapid growth.The New York-headquartered international asset valuation, advisory and disposition firm leased... Read Story

January 13, 2016, 07:48 AM

By order of the secured lender, Tiger Capital Group’s Remarketing Services Division, in cooperation with Silicon Valley Disposition, will conduct an online auction on January 21 for Calstar Products’ complete brick block and paver manufacturing... Read Story

January 12, 2016, 07:09 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $149.9 million in new middle-market investment commitments during the three months ended December 31, 2015. Approximately 76% of the new middle-market investment... Read Story

January 11, 2016, 07:49 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced today that it has executed a definitive agreement with Wilbanks Energy Logistics LLC and its... Read Story

January 11, 2016, 07:31 AM

Finacity Corporation announced that it has successfully launched a combined receivables securitization program for Papier Union GmbH ("Papier Union") and PMF Factoring GmbH ("PMF Factoring"), allowing up to EUR 100 million in funding through a... Read Story

January 05, 2016, 07:26 AM

FTI Consulting, the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, announced that FTI Consulting was honored by the 10th Annual M&A Advisor Turnaround Awards for the highest levels of... Read Story

December 23, 2015, 08:07 AM

Precision Bend & Machine Co., a custom metal fabricator specializing in tube bending and wire forming, has retained Heritage Equity Partners (“HEP”) to seek an immediate sale of the company, or new funding for current growth opportunities.  Located... Read Story

December 21, 2015, 07:38 AM

Heritage Equity Partners (HEP), a premier M&A advisor to distressed organizations and special situations and a subsidiary of Heritage Global Inc., announced Ken Mann is a 10th Annual M&A Advisor Turnaround Award Winner. Mann was named Distressed M&A... Read Story

December 16, 2015, 07:49 AM

US Capital Partners Inc. announced that it has provided funding and advisory services for over $300 million in new financings to small and lower middle market businesses in the United States in 2015. US Capital Partners is a private investment bank... Read Story

December 16, 2015, 07:04 AM

Thompson Street Capital Partners, a St. Louis-based private equity firm focused on investing in middle market founder-led businesses, announced the closing of its latest private equity fund, TSCP IV, with $640 million in commitments. The fundraising... Read Story

December 15, 2015, 07:33 AM

Crestmark Bank President and Chief Operating Officer Mick Goik announced the debut of Crestmark Equipment Finance on the bank’s website: www.crestmark.com. Crestmark Equipment Finance, a wholly owned subsidiary of Crestmark Bank, was established in... Read Story

December 14, 2015, 07:37 AM

Bibby Financial Services announced the launch of a co-branded working capital solution alongside Houston-based commercial finance firm, Dominion Capital Management Corporation as part of the Government Contract Made Simple (GCMS) program. GCMS is... Read Story

December 10, 2015, 08:03 AM

Hitachi Business Finance announced that Toby Dahm, senior vice president and ABL portfolio manager, was recently named a 2015 Distinguished Volunteer by the Greater Detroit Chapter of the Association of Fundraising Professionals.  Toby received the... Read Story

December 09, 2015, 07:33 AM

For the past seven years employees at Priority One Financial Services, the recreational industry’s oldest and largest F&I outsourcing provider, have volunteered their time to Tampa Bay organizations throughout the month of November. This year... Read Story

December 07, 2015, 07:11 AM

Crescent Capital Group LP, a leading investment firm focused on below investment grade credit, announced today the successful final close of the Crescent European Specialty Lending Fund. Crescent attracted more than €500 million of investor... Read Story

December 04, 2015, 07:32 AM

Atlantic-Pacific Capital announced the final closing of Catalyst Fund Limited Partnership V (“Fund V”) with over $1.5 billion (CAD$2.0 billion) in capital commitments, significantly above the fund’s target of $1.25 billion. Fund V, which closed at... Read Story

December 01, 2015, 07:31 AM

Depressed share price valuations and governance concerns have ignited shareholder activism campaigns against three business development companies (BDCs) over the last several months, including two rated by Fitch Ratings. Fitch believes the heightened... Read Story

November 25, 2015, 07:53 AM

To date, Bibby Financial Services North America employees donated 1,802 hours of service to their respective local communities across the United States and Canada. This surpasses the company's 2015 goal of 1,000 hours by 80 percent. Company employees... Read Story

November 25, 2015, 07:08 AM

B. Riley Capital Management, LLC, a unit of B. Riley Financial, Inc., has proposed a negotiated transaction to the board of directors of United Online, Inc. to acquire all of its outstanding shares for $12.50 per share.As of November 17, 2015, B.... Read Story

November 19, 2015, 07:07 AM

Monroe Capital LLC has been recognized by Global M&A Network as the Small Middle Markets Lender of the Year for the third consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City on October... Read Story

November 17, 2015, 08:03 AM

By order of the U.S. Bankruptcy Court, Tiger Capital Group’s Remarketing Services Division will conduct an online auction on November 17 for diamond engagement rings, men’s and women’s wedding bands, watches, as well as a variety of other  fine and... Read Story

November 16, 2015, 07:56 AM

Yellen Partners announced that Organic Avenue, LLC, the former grab-and-go destination for organic, plant-based meals and snacks in New York City, has retained Yellen Partners to conduct an auction of the company’s machinery and equipment. The sale... Read Story

November 10, 2015, 07:31 AM

Commercial Finance Partners (“CFP”) announced it celebrated its first anniversary on November 1st, 2015.  Formed in 2014, the company was founded to bridge existing business financing products with technology to provide various lending programs to... Read Story

November 10, 2015, 07:03 AM

Gordon Brothers Group and Hilco Merchant Resources announced they will begin going-out-of-business sales at all City Sports retail locations beginning Friday, November 6th.  The joint venture partners were awarded the store closing process by the U.S... Read Story

November 06, 2015, 07:52 AM

Infinity Lifestyle Brands and Hilco Brands announced they acquired the iconic fashion brand Le Tigre from Kenneth Cole Productions in a private asset sale.As joint venture partners, Infinity and Hilco Inc. have purchased all IP assets (trademarks... Read Story

November 06, 2015, 07:13 AM

Yellen Partners announced the liquidation sale of more than $10 million of former rental fleet construction equipment. The sale will be conducted as an orderly liquidation in partnership with TDM Machinery Sales & Appraisal, Inc., a construction... Read Story

November 05, 2015, 07:16 AM

American Capital, Ltd. has closed American Capital CLO Fund I, LP ("American Capital CLO Fund I" or the "Fund"), its new $450 million fund focused on investing in equity tranches of collateralized loan obligations ("CLOs").  The transaction further... Read Story

November 04, 2015, 07:15 AM

Golub Capital announced it was named "Lender of the Year" in the Large Mid Markets category at the 7th annual Americas M&A Atlas Awards. Golub Capital also won "Pharma & Medical Device Deal of the Year, Americas" for its financing of Flexan... Read Story

November 02, 2015, 07:52 AM

TPG Specialty Lending, Inc (TSLX), a specialty finance company focused on lending to middle-market companies, announced that it has increased its offer, as a percentage of net asset value, to acquire TICC Capital Corp. in a stock-for-stock... Read Story

November 02, 2015, 07:36 AM

Thomson Reuters announced the launch of evaluated pricing for Marketplace Lending - derived by Thomson Reuters Pricing Service (TRPS) and MountainView IPS - to assist fixed income investors and investment managers with third-party, fair market... Read Story

November 02, 2015, 07:13 AM

Despite the explosion of big data throughout Corporate America, middle market executives are judging the state of the economy based on personal experience and observation more than economic indicators. Approximately three in five executives say the... Read Story

October 30, 2015, 07:52 AM

Contractors and others wishing to purchase heavy-duty construction and underground utility equipment at competitive prices can do so November 12, when Tiger Capital Group’s Remarketing Services Division, Perfection Industrial Sales and Alex Lyon &... Read Story

October 28, 2015, 07:31 AM

Hilco Industrial will hold an auction of the assets from the Solar Screw manufacturing facility and surplus assets from other metalworking facilities on December 3, 2015 in Addison, Illinois.The former Solar Screw Corp. is now part of other Illinois... Read Story

October 27, 2015, 07:38 AM

Freddie Mac and Capital One Multifamily Finance announced Capital One is an approved lender in Freddie Mac’s Small Balance Loan offering, which offers debt solutions for multifamily acquisitions and refinancing for smaller properties with at least... Read Story

October 19, 2015, 07:16 AM

Nearly half of those polled (45.2 percent) use publicly available social media content when conducting investigations, but only 12.6 percent use analytics to scour the massive amount of available data, according to a recent Deloitte poll.“Since most... Read Story

October 16, 2015, 07:57 AM

One in four of U.S. small businesses and mid-sized companies are obtaining credit from non-bank providers, and—in a finding sure to catch the attention of bank executives—nearly all say the experience was so positive that they would borrow from... Read Story

October 16, 2015, 07:11 AM

Wells Fargo & Company (NYSE: WFC) approved more SBA 7(a) loans and dollars for America’s small businesses than any other lender in federal fiscal year 2015 (October 2014 – September 2015), according to recently released U.S. Small Business... Read Story

October 13, 2015, 07:58 AM

Woodbury University announced the appointment of Los Angeles financier Lawrence Hurwitz as Chairman of the university's Board of Trustees.  Hurwitz, who previously served as vice chair, is CEO and founder of Lawrence Financial Group.  He succeeds... Read Story

October 12, 2015, 07:36 AM

Golub Capital BDC announced that it originated $187.4 million in new middle-market investment commitments during the three months ended September 30, 2015. Approximately 78% of the new middle-market investment commitments were one stop loans, 21%... Read Story

October 09, 2015, 07:44 AM

Black Diamond Capital Management, a leading credit focused alternative asset management firm, announced the successful fundraising of BDCM Opportunity Fund IV, L.P. ("Fund IV"), substantially exceeding its original target and holding a final close at... Read Story

October 08, 2015, 07:34 AM

Great American Capital Partners, LLC , a provider of senior secured loans to middle-market companies and a subsidiary of B. Riley Financial, Inc., has received an investment from Tennenbaum Capital Partners, LLC (TCP), a leading alternative... Read Story

October 06, 2015, 07:48 AM

Phoenix Management Services, a nationally recognized leading middle-market business advisory firm, is proud to announce that 2015 marks a milestone as it celebrates its 30th anniversary. Founded in 1985, Phoenix has completed more than 1,200... Read Story

October 02, 2015, 07:46 AM

Fifth Street CLO Management announced the closing of Fifth Street SLF II, Ltd. ("FS SLF II"), a $416.6 million collateralized loan obligation ("CLO"). FS SLF II represents FSAM's second actively managed CLO and its closing represents the third debt... Read Story

October 02, 2015, 07:31 AM

Yellen Partners, a financial services, asset management, auctioneer and appraisal firm, announced the second liquidation sale of nearly $1 million of former rental fleet construction equipment. The sale will be conducted as an orderly liquidation in... Read Story

October 01, 2015, 07:39 AM

Hilco Industrial Acquisitions announced that due to closure, they have purchased assets formerly owned by Ford Werke GmbH located at the former Ford Motor Company Vehicle operations in Genk, Belgium.Hilco Industrial Acquisitions will begin to sell... Read Story

September 30, 2015, 07:55 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced today that the firm’s valuation, retail and real estate practice groups have been selected as... Read Story

September 30, 2015, 07:32 AM

Newtek Business Services Corp., an internally managed business development company, announced that it has completed the securitization of $40.8 million of Standard and Poor's ("S&P") AA rated Unguaranteed SBA 7(a) Loan-Backed Notes, Series 2010-1... Read Story

September 29, 2015, 07:38 AM

Lendio recently released Lender Ratings and Reviews and Small Business Loan Calculators to assist business owners in their search for the best financing. These new tools provide a platform for borrowers to research a business loan product and lender... Read Story

September 28, 2015, 07:32 AM

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, releases proprietary research about M&A conducted as part of an exclusive partnership with Inc., the only major media brand... Read Story

September 24, 2015, 08:03 AM

Yellen Partners, LLC, a financial services, asset management, auction and appraisal firm, announced today an $8 million liquidation sale of more than 8,000 pieces of art. The work consists of artist proofs, lithographs and watercolor highlighted cast... Read Story

September 24, 2015, 07:38 AM

Crestmark Bank was honored by Graphic Design USA with three American Graphic Design Awards for advertising and direct mailings. One of the largest and long-running competitions of its kind, nearly 10,000 entries were submitted for the 2015 awards.... Read Story

September 24, 2015, 07:02 AM

Yellen Partners, a financial services, asset management, retail and industrial liquidation, auction neer and appraisal firm, announced the liquidation sale of over $10 million of high quality lighting fixtures and chandeliers for New Metal Crafts... Read Story

September 22, 2015, 07:56 AM

Intuit is partnering with OnDeck to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks Online data... Read Story

September 18, 2015, 08:02 AM

GE has completed the previously announced sale of its European Sponsor Finance business, representing aggregate ending net investment (ENI) of approximately US$2.1 billion, to Sumitomo Mitsui Banking Corporation Europe (SMBCE). GE has also closed the... Read Story

September 17, 2015, 08:02 AM

Prestige Capital Corporation, a nationwide factoring firm servicing small- and mid-sized businesses, launched their new and more robust website at prestigecapital.com.“We recognize that people’s first interaction with us may be on the web, so we’ve... Read Story

September 17, 2015, 07:28 AM

Merchant Cash and Capital announced that MCC has transformed into Bizfi, an online lending and aggregation platform. Due to the success of Bizfi.com, launched earlier this year, Merchant Cash and Capital is completing its operational and brand... Read Story

September 16, 2015, 08:02 AM

Yellen Partners, LLC, a financial services, asset management, auctioneer and appraisal firm, announced the liquidation sale of more than $2 million of tire stock by the secured lender. The sale will be conducted as an orderly liquidation in... Read Story

September 15, 2015, 07:29 AM

CIT Bank, N.A., the principal bank subsidiary of CIT Group Inc., announced that Dorene Dominguez has been named to its Board of Directors effective immediately.Dominguez is the Chairman of the Vanir Group of Companies headquartered in Sacramento... Read Story

September 11, 2015, 07:52 AM

Yellen Partners, LLC, a financial services, asset management, auctioneer and appraisal firm, announced the auction and liquidation sale of the remaining assets of Wasero Construction (1991) Inc. and Tom-Con, Inc. The sale will be conducted as an... Read Story

September 10, 2015, 08:02 AM

Hilco Industrial announced they will hold a two-day public auction of the manufacturing assets, finished goods, and intellectual property formerly of Soo Tractor-Sweeprake, a leading steel fabrication company and manufacturer of agricultural... Read Story

September 04, 2015, 07:00 AM

Hercules Technology Growth Capital, a specialty finance company focused on providing senior secured loans to high-growth venture capital-backed companies in technology-related industries, including technology, biotechnology, life sciences, and energy... Read Story

August 28, 2015, 07:42 AM

Wells Fargo has its sights set on the Metro Park area in Iselin, New Jersey for its Commercial Banking hub for the Central part of the state. At the helm of the Regional Commercial Banking Office (RCBO) in Metro Park is James King, who has been... Read Story

August 28, 2015, 07:21 AM

The outdoor products industry, which includes lawn, garden and agriculture equipment, is experiencing healthy growth, according to dealer performance data from Commercial Distribution Finance (CDF), a business of GE Capital. CDF dealer financing... Read Story

August 26, 2015, 07:37 AM

Fitch Ratings has published the second edition of Rating Asset-Backed Lending Facilities. This report reviews Fitch's methodologies in the recovery analysis of asset-based lending (ABL) facilities and compares results to actual bankruptcy... Read Story

August 25, 2015, 07:22 AM

Medley Management Inc., an asset management firm that provides capital to middle-market companies in the U.S., announced that it committed over $450 million of capital directly to 14 new borrowers in the first half of 2015 through its business... Read Story

August 20, 2015, 07:36 AM

Blue Bridge Financial, LLC, a national provider of small business financing, topped the list of the fastest growing companies in Western New York at the Fast Track Awards presented by Buffalo’s Business First, an American City Business Journals... Read Story

August 18, 2015, 07:16 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, will be selling a large package of equipment, formerly owned by Hodges Trucking Company L.L.C., in... Read Story

August 17, 2015, 07:49 AM

Crestmark Bank is one of the fastest growing private companies in the U.S. according to Inc. magazine. In its just-released 34th annual list of America’s Fastest Growing Private Companies, Crestmark ranked 61st among the fastest-growing companies in... Read Story

August 14, 2015, 07:41 AM

Gateway Commercial Finance LLC, a national invoice factoring company, announced that it has been named to the INC 500/5000 List for the fourth consecutive year. The INC 500/5000 List annually recognizes privately-held companies in the United States... Read Story

August 13, 2015, 07:08 AM

Scott Valley Bank has announced the launch of the exclusive new SVBusiness Excelerator™, an innovative, incubator-style program designed to help growing businesses achieve financial milestones and provide a clear path toward conventional bank... Read Story

August 12, 2015, 08:00 AM

Tiger Capital Group’s Remarketing Services Division is conducting an online auction of the assets of a 146,000-sq.-ft. wood moulding manufacturing plant in Chilhowie, Va., owned by Sure-Wood Forest Products, an American Forest Products (AFP) company.... Read Story

August 05, 2015, 07:22 AM

Loeb recently expanded its operations within the Midwest when it opened its Detroit office earlier this month. The office will house a team focused on used machinery and equipment sales as well as business development for related services such as... Read Story

July 30, 2015, 07:13 AM

The powersports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is robust and continues to grow according to dealer performance data from Commercial Distribution... Read Story

July 29, 2015, 07:18 AM

Private lending's inherent advantages have kept the growing asset class well insulated against stock- and bond market volatility in recent months, according to new commentary from John Howe, CEO of direct lending specialist Old Hill Partners, Inc.The... Read Story

July 28, 2015, 07:28 AM

A mid-year survey conducted by small business loan provider and equipment financing company Balboa Capital reveals that business owners believe the United States economy is on the right track and will perform well during the remaining months of 2015.... Read Story

July 27, 2015, 07:13 AM

CapitalSource, a division of Pacific Western Bank and a nationally recognized commercial lender to small and mid-sized businesses, announced its Leveraged Finance Cash Flow team is on track to fund over $650.0 million in new financings during the... Read Story

July 23, 2015, 07:51 AM

Yellen Partners, LLC, a financial services, asset management, auctioneer and appraisal firm, announced the liquidation sale of more than $2.0 million of former rental fleet construction equipment. The sale will be conducted as an orderly liquidation... Read Story

July 22, 2015, 07:56 AM

Z Capital Credit Partners, the credit fund management arm of Z Capital Group, announced today the closing of a $400,750,000 collateralized loan obligation (CLO) managed by its affiliate, Z Capital CLO Management, L.L.C. ("Z Capital CLO Management").... Read Story

July 22, 2015, 07:12 AM

Yellen Partners, a financial services, asset management, auctioneer and appraisal firm, announced the sale of more than $4 million of lockers, shelving and plastic container inventory for Scott Equipment, a Georgia-based wholesale shelving and... Read Story

July 15, 2015, 07:44 AM

Hitachi Business Finance announced it has launched a new responsive website at www.hitachibusinessfinance.com. Accessible from any smartphone or tablet, the site connects current and prospective clients, wherever they may be, with helpful and... Read Story

July 13, 2015, 07:30 AM

Capitala Finance Corp. has formed a joint venture with CION Investment Corporation ("CION") to create CION /Capitala Senior Loan Fund I, LLC. CION is a non-traded BDC with approximately $1.1 billion of assets under management as of March 31, 2015.... Read Story

July 09, 2015, 07:54 AM

Paragon Financial Group announced an international trade funding program for EU, South American and Asian-based companies to fund and credit protect their sales into the U.S. In reaction to the Greek financial crisis and other liquidity events around... Read Story

July 01, 2015, 07:19 AM

Moody's Investors Service affirmed the B2 corporate family and senior secured ratings of NXT Capital, Inc. (NXT) and revised its rating outlook to positive from stable.Moody's revised NXT's rating outlook to positive to reflect the firm's profitable... Read Story

June 29, 2015, 07:51 AM

Bayside Business Solutions, Inc. announced Momentum Capital Funding has implemented the CADENCE platform and ClientWeb to administer its asset-based lending and accounts receivable financing. The CADENCE portfolio management system contains the tools... Read Story

June 24, 2015, 07:33 AM

There’s something in the air these days at Bayside--and it smells a lot like sweat. Employees have recently banded together to combat the effects of office work by forming a company health club. Their mission: to Get Moving. “The company has been... Read Story

June 23, 2015, 07:13 AM

PayNet announces Risk Insight Suite, a new interactive platform, providing instant access to credit performance data and industry analysis on the small business sector of the economy at www.sbinsights.net.U.S. small businesses are an important, but... Read Story

June 18, 2015, 07:13 AM

Crestmark Bank, headquartered in Troy, and serving businesses nationwide, hosts financial education programs for students as part of its strategic community outreach initiatives. The company’s financial literacy programs for 2015 include... Read Story

June 18, 2015, 07:04 AM

Fitch Ratings expects to assign a 'BB+/RR1' rating to Spectrum Brand Inc.'s (Spectrum) new upcoming $1.45 billion term loan, Euro300 million term loan, and CAD75 million term loan. The term loans mature in 2022. Additionally, Fitch expects to assign... Read Story

June 09, 2015, 07:07 AM

AlixPartners announced that two of its professionals are among the recipients of The M &A Advisor's 6th Annual 40 Under 40 Emerging Leaders Awards. Esben Christensen and Tom Studebaker, both members of the firm's Turnaround and Restructuring Services... Read Story

June 03, 2015, 07:45 AM

Fifth Street Senior Floating Rate Corp. announced the closing of a $309 million debt securitization transaction ("Debt Securitization"). FSFR is issuing $222.6 million of long-term secured notes (the "2015 Notes") to refinance FSFR's existing $200... Read Story

June 01, 2015, 07:37 AM

FTI Consulting announced that Amir Agam, Senior Managing Director in the Company's Corporate Finance/Restructuring segment, was recognized in the Service Provider category of The M&A Advisor's 6th Annual 40 Under 40 Emerging Leaders Awards.The 40... Read Story

June 01, 2015, 07:24 AM

44 Business Capital LLC has closed over $200MM in SBA loans since its inception in August of 2009. In 2014, 44 Business Capital closed 36 SBA loans for over $50 million to small businesses in the region and helped Parke Bank finish as one of the top... Read Story

May 26, 2015, 07:29 AM

SSG Capital Advisors acted as the investment banker to Republic Storage Systems, LLC ("Republic" or the "Company") in the Article 9 sale of a substantial portion of Republic's operating assets to an affiliate of Echelon Capital, LLC ("Echelon"). The... Read Story

May 21, 2015, 07:57 AM

Following the successful completion of the bulk and online auction sale of equipment and other assets from Lia Sophia’s Richmond Hill, Ontario distribution center, Tiger Group’s Remarketing Services Division and PPL Group are conducting an online... Read Story

May 21, 2015, 07:09 AM

Global Special Situations M&A ("GSSM&A" or the "Alliance"), a global alliance of investment banking firms which focus on special situations transactions, announced that Thoreau Capital Partners ("TCP"), a Sao Paulo, Brazil-based restructuring firm... Read Story

May 14, 2015, 07:32 AM

Newtek Business Services Corp., an internally managed business development company), announced that that it has entered into an exclusive partnership with Lending Club.  This partnership will allow Newtek to expand its lending product menu and offer... Read Story

May 07, 2015, 07:55 AM

Bayside Business Solutions was recognized as one of the Best Places to Work by the Birmingham Business Journal. The top 35 employers in the Birmingham metro area were honored today at a Hollywood-style ceremony in the ballroom of the Downtown... Read Story

May 04, 2015, 07:08 AM

Fifth Street Senior Floating Rate Corp. announced that FSFR Glick JV LLC ("FSFR Glick JV"), a joint venture between FSFR and entities controlled by members of the Glick Family ("GF Funding"), has initially invested $86.6 million of its anticipated... Read Story

April 30, 2015, 07:39 AM

Borro, the leading online platform for luxury asset-backed lending, today announced the launch of a new Term Loan product in response to high demand from partners, including private banks, wealth managers and financial advisors. Term Loans are now... Read Story

April 29, 2015, 07:23 AM

Key lessons from the 2009-2010 financial crisis have not been learned, according to private lending specialist Old Hill Partners, Inc. in its latest market commentary.Covenant-light lending now makes up two-thirds of all new leveraged loans, and... Read Story

April 29, 2015, 07:12 AM

Deloitte Corporate Finance assisted and advised Shelby, NC-based Ultra Machine & Fabrication, Inc. in its sale to Universal Manufacturing Company, Inc., a manufacturer and distributor of automotive and truck parts, as well as specific aerial and... Read Story

April 28, 2015, 07:48 AM

TPG Growth, the middle market and growth equity investment platform of TPG, announced today the closing of TPG Growth III, its largest fund dedicated to investments in small- and mid-sized growth companies. The fund reached over $3 billion in... Read Story

April 27, 2015, 07:57 AM

Bankruptcy, distressed debt and corporate renewal professionals will hear three panels discuss Chapter 11 reform, transforming credit risk, and strategies for corporate renewal and restructuring at this year's Credit & Bankruptcy Symposium being held... Read Story

April 24, 2015, 02:00 PM

After more than 50 years operating as one of the largest audio equipment manufacturers in the world, Peavey Electronics is closing its speaker and amplifier manufacturing operations in Decatur and Meridian, Mississippi and will be auctioning off the... Read Story

April 22, 2015, 07:49 AM

Alleon Healthcare Capital announced it has joined the ADP® AdvancedMD® Marketplace to help private medical practices attain working capital needed to stabilize cash flow and receive reimbursements within 48 hours of claim submission.Alleon's focus is... Read Story

April 22, 2015, 07:24 AM

Golub Capital BDC, Inc. announced that it originated $161.9 million in new middle-market investment commitments during the three months ended March 31, 2015.  Approximately 63% of the new middle-market investment commitments were one stop loans, 35%... Read Story

April 14, 2015, 07:17 AM

Golub Capital BDC, Inc., a business development company, announced that it plans to make a public offering of 3.5 million shares of its common stock. The company also plans to grant the underwriters an option to purchase up to an additional 525,000... Read Story

April 10, 2015, 07:14 AM

Bayside Business Solutions, Inc. announced that ProBilling & Funding Service, a division of Peoples Bank of Alabama has successfully implemented Bayside’s CADENCE Portfolio Management Platform to administer its factoring operations.  CADENCE for... Read Story

April 09, 2015, 07:10 AM

Tiger Group’s Remarketing Services Division is conducting online auctions of equipment, wood inventory and other assets from wood moulding manufacturing plants in Sacramento, CA.and Manning, S.C., as well as a logistical distribution center and... Read Story

April 07, 2015, 04:15 PM

Harvest Partners, a leading New York-based middle market private equity firm, announced the opening of its Palo Alto office as part of an overall strategy to increase its investment activity and  relationships across the western United States with... Read Story

April 07, 2015, 07:21 AM

The March report of the Credit Managers' Index (CMI) from the National Association of Credit Management (NACM) fell further this month indicating that some serious financial stress is manifesting in the data."We now know that the readings of last... Read Story

April 01, 2015, 07:47 AM

nCino, the leader in secure, cloud-based operating solutions to the financial services industry, announced that $605 million TAB Bank has selected its Bank Operating System to achieve straight-through processing for document workflows and a more... Read Story

March 25, 2015, 07:06 AM

Celtic Bank of Salt Lake City, Utah has selected two Wolters Kluwer Financial Services systems that together will enable it to achieve straight-through processing for the bank’s commercial lending activities. Celtic Bank selected the financial... Read Story

March 24, 2015, 07:23 AM

NewStar Financial Inc., an internally-managed commercial finance company, announced that it completed a $496 million term debt securitization known as NewStar Commercial Loan Funding 2015-1. All floating rate classes of notes were priced at par and... Read Story

March 24, 2015, 07:04 AM

P2Binvestor (P2Bi), a leading crowdlending platform for commercial lines of credit, announces more than $50 million in invoices funded since signing its first direct client in May 2014. To date, P2Bi has financed the growth of companies in technology... Read Story

March 23, 2015, 07:18 AM

Bayside Business Solutions, Inc. announced today that Thunder Funding is implementing the CADENCE Live Portfolio Management Platform to administer its transportation factoring operations.  CADENCE for Factoring is an innovative and complete portfolio... Read Story

March 17, 2015, 07:08 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced today that they began store closing sales at 31 TigerDirect retail locations... Read Story

March 13, 2015, 07:53 AM

Tiger Group’s Remarketing Services Division and PPL Group are conducting a bulk sale of equipment and other assets from Lia Sophia’s Richmond Hill distribution center, and a turnkey sale of the direct-sale company’s Roselle headquarters and... Read Story

March 13, 2015, 07:15 AM

Liquidity Services, Inc. a global solution provider in the reverse supply chain with the world’s largest marketplace for business surplus, has teamed up with Valtecsa, a subsidiary of Krata, SA, an appraisals firm specializing in real estate in... Read Story

March 11, 2015, 07:26 AM

Chicago-based lender, Loeb Term Solutions, closed February by financing another $7,800,000 dollars worth of industrial machinery and equipment. The financing will help an oilfield support company, an oil drilling equipment supplier, a technology... Read Story

March 06, 2015, 07:49 AM

By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division will conduct an online sale of medical manufacturing equipment and laboratory equipment, as well as parts inventory, office furniture and support equipment of... Read Story

March 06, 2015, 07:09 AM

Golub Capital is pleased to announce it has been named 2014 Lender of the Year, Americas and 2014 Unitranche Lender of the Year, Americas by Private Debt Investor ("PDI"), a global independent publication based in London, covering the private debt... Read Story

March 05, 2015, 07:03 AM

Monroe Capital LLC is pleased to announce that it is the recipient of the 2014 Senior Lender of the Year in the Americas Award by the Private Debt Investor, a global independent publication based in London, covering the private debt and private... Read Story

March 04, 2015, 08:03 AM

CapX Partners (CapX), an alternative debt provider focusing on loans, leases and mezzanine capital for middle market businesses, announced its most successful year yet, closing $100 million in new commitments by the close of its 2014 fiscal... Read Story

February 27, 2015, 07:49 AM

US Capital Partners Inc. has been engaged by Wham-O Marketing, Inc., a global leader in the toy and lifestyle industries, to raise an investment facility to support strategic growth initiatives. Headquartered in Los Angeles, Wham-O manufactures and... Read Story

February 25, 2015, 07:41 AM

Phoenix Management Services announced that the sale of Phoenix Payment Systems to North American Bancard was named the M&A Distressed Deal of the Year. The M&A Advisor announced the winners of the 9th Annual M&A Advisor Turnaround Awards on Friday... Read Story

February 24, 2015, 07:48 AM

Robyn Barrett, founder of Phoenix-based factoring firm, FSW Funding, will be recognized for her achievements in business at two separate award ceremonies at the end of March. Barrett was recently named one of 30 outstanding women in business by the... Read Story

February 24, 2015, 07:08 AM

SAIF Partners and Accion announced co-investments in Aye Finance, an India-based lender that will serve thousands of profitable micro, small, and medium enterprises (MSMEs), which are often locked out of both traditional microfinance and commercial... Read Story

February 23, 2015, 07:57 AM

Huron Consulting Group announced that it received the 9th Annual M&A Advisor Turnaround Award for work with Nephron Pharmaceuticals.“Huron is honored to receive this prestigious award for our work with Nephron Pharmaceuticals,” said Geoffrey Frankel... Read Story

February 23, 2015, 07:46 AM

Fifth Street Asset Management announced the closing of Fifth Street Senior Loan Fund I, LLC ("FS SLF I"), a $309.5 million collateralized loan obligation ("CLO"). FS SLF I represents FSAM's initial CLO under management and its pricing was the first... Read Story

February 23, 2015, 07:29 AM

Funding Circle announced that Victory Park Capital, an asset management firm based in the U.S . and an active lender to UK and European companies, will finance up to $420 million in loans to small businesses originated through Funding Circle both in... Read Story

February 20, 2015, 07:52 AM

HYPERAMS is conducting a complete liquidation of inventory and support equipment of Tripoint, LLC; a major conventional well finishing services company.  After a successful sealed bid offering of much of the inventory, which was completed in January... Read Story

February 20, 2015, 07:04 AM

Crestmark announced the launch their new company website that takes advantage of responsive design technology. The technology allows for a consistent Crestmark brand experience on any device, whether mobile phone, tablet or workstation. The new... Read Story

February 19, 2015, 07:11 AM

Tiger Group’s Remarketing Services Division announced it is conducting an online auction of more than 3,000 pairs of one-of-a kind exotic sunglasses and other eyewear from couture designers Sama and others. Individuals looking to unleash their inner... Read Story

February 09, 2015, 07:11 AM

SSG Capital Advisors, LLC (“SSG”), a leading independent special situations investment bank, was recognized by the Beard Group’s Turnarounds & Workouts, a leading restructuring industry publication, for their role in the successful restructuring of... Read Story

February 05, 2015, 07:43 AM

A Burlington, WA bottling facility, formerly operated by Advanced Refreshment, has retained Heritage Equity Partners to seek a buyer for the state-of-the-art four line, spring, distilled, purified, flavored, and enhanced bottled water processing... Read Story

February 03, 2015, 07:11 AM

Stanwich Capital Advisors, LLC announced that the firm has agreed to make a direct equity investment in Allegiance Administrators a subsidiary of Allegiance Holdings, LLC.  Allegiance Administrators is a third party administrator based in Dublin... Read Story

February 02, 2015, 07:09 AM

Fortis Payment Systems, one of the nation’s largest full-service merchant service providers, announced that it has partnered with Biz2Credit Inc., the leading online resource for small business finance.Through this partnership, companies that use... Read Story

January 30, 2015, 07:06 AM

Mesirow Financial Consulting, LLC (MFC), a leading financial advisory consulting firm, is pleased to announce that The M&A Advisor has awarded it five top distinctions, including Turnaround Consulting Firm of the Year for 2014, which represents the... Read Story

January 29, 2015, 07:12 AM

Misys, a leading financial software company, has launched FusionBanking Lending, an all-in-one lending solution that provides banks the ability to manage the full loan lifecycle on a single platform. This solution supports the entire lending workflow... Read Story

January 27, 2015, 07:31 AM

Bibby Financial Services announced the release of a new funding option, FastTrack. FastTrack is available to businesses seeking funds of up to $100,000 at 2.99 percent, which can alleviate day-to-day working capital pressures.Following the upload of... Read Story

January 26, 2015, 07:33 AM

Building on momentum from 2014, Bibby Financial Services announces its 2015 giving goal of $100,000 cash and in-kind donations and 1,000 hours of community service work. Last year, the business's U.S. and Canada segments and employees donated tens of... Read Story

January 20, 2015, 07:08 AM

Salus Capital Partners announced that it has been selected as the Lending Firm of the Year and Kyle C. Shonak, Executive Vice President of Special Assets, has been named Distressed M&A Dealmaker of the Year by The M&A Advisor. The awards will be... Read Story

January 15, 2015, 08:03 AM

CIT Commercial Services, a leading provider of factoring services, launched “CIT CIS Mobile,” a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System (CIS) to iPhone® and iPad® devices.Available for... Read Story

January 08, 2015, 07:43 AM

Bayside Business Solutions, Inc. announced today that EBF Group is implementing CADENCE Live to administer its accounts receivable, invoice, and freight bill factoring operations. CADENCE Live provides Bayside’s premier portfolio management software... Read Story

January 06, 2015, 07:09 AM

The City of Scranton, Pennsylvania and Amalgamated Bank have completed a $13 million Tax Anticipation Note (TAN) loan to provide cash flow financing to the city in 2015. The transaction was approved unanimously by the Scranton City Council in... Read Story

January 06, 2015, 06:44 AM

Medallion Financial Corp.joins the nation in mourning the loss of board member Governor Mario M. Cuomo, who passed away on January 1, 2015 at the age of 82. Governor Cuomo joined Medallion Financial’s Board of Directors in 1996 following his twelve... Read Story

January 05, 2015, 08:04 AM

Triumph Bancorp, Inc. announced that it had completed the redemption of all of the outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series T1 and Series T2 (the "TARP Preferred Stock") issued by its wholly-owned subsidiary, National... Read Story

January 05, 2015, 07:19 AM

BlackArch Partners announced that Plasco ID, a leading supplier of card-based identification solutions, has partnered with BV Investment Partners, a middle-market private equity firm focused on the information and business services and communications... Read Story

December 19, 2014, 07:02 AM

Hitachi Business Finance, a division of Hitachi Capital America Corp., announced that 2014 proved to be another stellar year with the addition of new offices and a record number of new clients. “This past year has been one of great growth for our... Read Story

December 17, 2014, 07:22 AM

Bayside Business Solutions, Inc. announced that Allegiance Financial Group has implemented CADENCE Live to administer its accounts receivable financing. CADENCE Live delivers Bayside’s premier portfolio management solution in a cloud-based... Read Story

December 16, 2014, 07:26 AM

Bayside Business Solutions, Inc. announced that Crossroads Financial is implementing the CADENCE Portfolio Management Platform.  Crossroads is taking an innovative approach, utilizing the CADENCE borrowing base solution to support its unique... Read Story

December 10, 2014, 07:27 AM

Thomson Reuters announced the release of StarMine SmartEconomics, a model that generates more accurate forecasts of macroeconomic data and FX rates. This is the first time that Thomson Reuters StarMine has applied its SmartEstimates methodology to... Read Story

December 09, 2014, 07:09 AM

SK Capital Partners announced the close of SK Capital Partners IV, L.P. with total limited partner commitments at its hard cap of $1 billion. The fundraising process was completed in five months with a single closing. Fund IV’s limited partners... Read Story

December 03, 2014, 07:04 AM

CIT Bank, the U.S. commercial bank subsidiary of CIT Group announced that it closed a $750 million equipment lease securitization.CIT sold five classes of fixed rate notes in a private offering backed by a pool of equipment leases from CIT Equipment... Read Story

December 01, 2014, 07:05 AM

Mesirow Financial announced the firm has been recognized as the winner of two Deal of the Year Awards by The M&A Advisor. Mesirow Financial Consulting, LLC (“MFC”) won The M&A Advisor’s Outstanding M&A Deal of the Year award for its work on the... Read Story

November 26, 2014, 07:20 AM

SSG Capital Advisors received the Technology, Media, Telecom Deal of the Year Award-$100 Million to $1 Billion, for its role in the restructuring of FriendFinder Networks Inc. (“FFN”).  The awards were presented at the 13th Annual M&A Advisor Awards... Read Story

November 24, 2014, 07:17 AM

With over 1,300 high-quality items about to hit the block, a foundry auction of grand proportions is currently taking shape in Milwaukee, Wisconsin. This not-to-be-missed event will be taking place onsite and online via webcast on December 11, 2014.... Read Story

November 20, 2014, 06:48 AM

U.S. financing and leasing companies (fincos) will likely face multiple headwinds in 2015, including increased competition, weaker asset quality, reduced reserve releases, and regulatory challenges that could impact profitability, according to Fitch... Read Story

November 19, 2014, 07:18 AM

Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, announced that it was recognized as Lower Mid-Market Lender of the Year at the 2014 Americas M&A... Read Story

November 18, 2014, 08:14 AM

Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, celebrates its third anniversary this month.Established in November 2011 as a subsidiary of... Read Story

November 12, 2014, 07:54 AM

For the sixth straight year, Wells Fargo & Company is America’s top SBA lender in dollar volume, approving a record $1.6 billion in SBA 7(a) loans for small businesses in federal fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014). The company increased... Read Story

November 10, 2014, 07:17 AM

International insurance brokerage and risk management firm Integro today announced its expansion into Credit Insurance to assist clients in managing  global receivables—and political risks in uncertain economic  times.Integro is partnering with One... Read Story

November 04, 2014, 07:01 AM

Monroe Capital LLC has been recognized by Global M&A Network as the Small Mid Market Lender of the Year for the second consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City on October... Read Story

November 03, 2014, 07:34 AM

First Capital, a commercial finance company with a national presence, announced it has originated 12 deals with $62 million of new credit lines in Q3 2014 bringing the year’s total to $180 million.  Working capital lines of credit were extended to... Read Story

October 29, 2014, 07:15 AM

Driven by a steepening correction in the equity markets and the continuation of a sluggish economic recovery, investors are increasingly migrating toward private fixed income investments and other sources of competitive yield, says Old Hill Partners... Read Story

October 23, 2014, 07:58 AM

By order of the assignee for the benefit of creditors, Tiger Group’s Remarketing Services Division, in cooperation with EquipNet, will conduct an online sale of state-of-the-art spectrometry and other analytical, laboratory, office, and computer... Read Story

October 23, 2014, 07:21 AM

Fifth Street Asset Management Inc. ("FSAM"), a rapidly growing credit-focused asset manager, announced that based on market conditions and continued volatility for new issuers in the equity markets, it has chosen not to proceed with its planned... Read Story

October 22, 2014, 08:03 AM

European Senior Secured Loan Programme (ESSLP), a joint venture between affiliates of Ares Management L.P (NYSE:ARES) and GE Capital, announced that it has reached a total of €1 billion in commitments since inception in 2012 with the completion of... Read Story

October 20, 2014, 07:50 AM

Rabin Worldwide, a San Francisco based company and a leader for the disposition of food manufacturing facilities, will conduct a public auction of the remaining assets at the former Dobake bakery plant in Oakland, CA.Dobake Bakeries Inc. has been a... Read Story

October 20, 2014, 06:51 AM

Capital One Bank served as placement agent and purchaser of a $24 million private placement taxable revenue bond to affiliates of Revera Inc., a provider of housing, care and services for seniors across the United States and Canada. The revenue bonds... Read Story

October 14, 2014, 03:24 PM

Golub Capital BDC, announced that it originated $331.5 million in new middle-market investment commitments during the three months ended September 30, 2014.  Approximately 11% of the new middle-market investment commitments were senior secured loans... Read Story

October 14, 2014, 07:14 AM

Monroe Capital Corporation, announced today that the company and its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP ("MRCC SBIC"), received an exemptive order from the Securities and Exchange Commission allowing the Company to exclude... Read Story

October 09, 2014, 07:18 AM

Fifth Street Finance Corp. announced an increase in the commitment to Senior Loan Fund JV I, LLC ("SLF JV I"), its joint venture with Trinity Universal Insurance Company, a subsidiary of Kemper Corporation. As a result of upsizing the joint venture... Read Story

October 08, 2014, 07:51 AM

ExWorks Capital announced it has successfully raised an additional $50 million USD in capital (with an option to expand to $80 million USD) with the goal of establishing a billion dollar export finance company using support from US EX-IM Bank, the... Read Story

October 07, 2014, 07:48 AM

Stricter banking regulations are creating new opportunities for non-bank providers of asset-based lending services to small and mid-sized businesses, according to a new market commentary by Old Hill Partners. As regulators are forcing banks to... Read Story

October 03, 2014, 07:27 AM

We Know Data announces the launch of its new website, http://www.weknowdata.com, which offers business credit reports to small, medium, and large companies from various industries. The company's goal is to provide businesses, credit managers, and... Read Story

September 29, 2014, 07:41 AM

CIT Group Inc. released the next installment in its CIT: Behind the Deal series of client case studies that showcase how the lending, leasing, and advisory expertise of CIT executives has helped their clients achieve success. This installment... Read Story

September 25, 2014, 07:26 AM

After officially opening its doors for business in January, 2013, and growing its portfolio of senior secured loans since its opening, Revere Finance announced that the company is changing its name to Big Shoulders Capital.“Big Shoulders Capital... Read Story

September 24, 2014, 07:11 AM

The gavel never fell on the assets of Janov Millwork and Manufacturing (JMM), once a premiere fabricator of custom millwork and casework – yet the outcome was nothing less than an unqualified success for all concerned.  Although the complete... Read Story

September 22, 2014, 07:36 AM

Tom Greco, CEO of Hilco Valuation Services announced the opening of a new valuation services office that will be located in Sydney, Australia. This new office will be led by Brendan Smyth, a Hilco Valuation Services veteran who has been with the... Read Story

September 18, 2014, 06:05 AM

Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, announced the sale of Auburn Gear, Inc. to North River Capital, LLC.  Located in Auburn, Indiana, Auburn Gear is a leading designer and manufacturer of custom engineered... Read Story

September 17, 2014, 07:17 AM

Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp. received an exemptive order from the Securities and Exchange Commission (the "Order") that allows each of FSC and FSFR to participate in negotiated co-investment transactions with... Read Story

September 16, 2014, 07:26 AM

Bayside Business Solutions announced today the latest release of its industry-leading commercial portfolio management system, CADENCE. Version 3.0.5 of CADENCE includes many new features for asset-based lenders, including two new collaterals: Bulk... Read Story

September 15, 2014, 07:50 AM

The recreational vehicle (RV) industry continues to experience strong and steady growth, according to performance data from GE Capital, Commercial Distribution Finance (CDF), a major provider of financing to the industry. Early headwinds this year... Read Story

September 12, 2014, 07:39 AM

Deloitte Corporate Finance LLC (“DCF”) acted as exclusive financial advisor to Supplier Management Solutions, Inc. (“SMS” or the “Company”) in securing an investment from Corbel Structured Equity Partners (“Corbel”). SMS engaged DCF to explore... Read Story

September 11, 2014, 07:02 AM

Crestmark is proud to announce that W. David Tull was appointed to the board of trustees for Michigan-based Oakland University by Michigan Governor Rick Snyder. His eight year term will expire in August 2022. Also named was Melissa Stolicker. "These... Read Story

September 10, 2014, 08:09 AM

BancAlliance announced it has successfully launched Alliance Academy, a new continuing education program for member banks. Alliance Academy offers live, on-site educational opportunities for BancAlliance members to gain further insight into credit... Read Story

September 10, 2014, 07:11 AM

White Pine Trading LLC, one of the world’s largest recycled diamond and jewelry companies, announced that it has purchased a large inventory of high-quality jewelry from the recently liquidated, St. Louis-based, Bauman-Massa Jewelry Co.  This... Read Story

September 04, 2014, 07:02 AM

Deloitte Corporate Finance LLC (“DCF”) acted as exclusive financial advisor to Provo, Utah-based VitalSmarts, LC (“VitalSmarts”) in its sale to Providence Corporate Development Holding Company (“PCDHC”), an affiliate of Providence Equity Partners LLC... Read Story

September 03, 2014, 07:09 AM

Fesnak, LLP, a leading accounting and business advisory firm, has once again been recognized by Inc. Magazine in their annual Inc. 5000 list. The list is an exclusive ranking of the fastest-growing privately held companies in the U.S., of which there... Read Story

August 28, 2014, 07:17 AM

Tiger Group’s Remarketing Services Division, Hackman Capital and CA Global Partners will conduct a live webcast auction on September 9 at 10:30 a.m. (PT) for laboratory, testing, machine shop and warehouse/support equipment; inventory and parts; and... Read Story

August 27, 2014, 07:23 AM

Universal American Mortgage Company (“UAMC”), the mortgage banking subsidiary of Lennar Corporation, one of the nation's largest homebuilders and a member of the S&P 500, announced that it has acquired certain assets of Pinnacle Mortgage Group, Inc. ... Read Story

August 20, 2014, 07:09 AM

Virgo Investment Group announced that it has completed a $30 million investment in Ygrene Energy.Ygrene, headquartered in Santa Rosa, California, and founded in 2010, focuses on Property Assessed Clean Energy ("PACE") financings for both residential... Read Story

August 18, 2014, 07:11 AM

NewStar Financial Inc., a specialized commercial finance company, announced that its Board of Directors has authorized the repurchase of up to $10 million of the company's common stock from time to time on the open market or in privately negotiated... Read Story

August 14, 2014, 07:18 AM

AccuVal-LiquiTec announced the recipients of its Customer Excellence Award.  The awards recognize and celebrate customers that are achieving outstanding success with the support of AccuVal-LiquiTec services in a variety of transactions.This year... Read Story

August 13, 2014, 06:51 AM

KatsofFinancial, an asset-based lender is all set to provide top of the line lending service and assistance to entrepreneurs and businesses worldwide. The launch of the new lending platform comes at a time when the asset-based lending market recorded... Read Story

August 12, 2014, 07:13 AM

CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. announced that it has completed its acquisition of Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses.“We are very... Read Story

August 05, 2014, 07:32 AM

Hilco Streambank has been retained by Kid Brands, Inc. as Kid Brands' intellectual property consultant and sales agent in connection with the sale of certain of its brands. Kid Brands, Inc. and certain of its subsidiaries are Debtors under Chapter 11... Read Story

July 31, 2014, 07:13 AM

TPG Specialty Lending, Inc.  announced that Fitch Ratings has assigned the Company investment grade ratings of BBB-; the Rating Outlook is Stable. The Fitch ratings follow Standard and Poor’s assignment of a BBB- rating in March 2014.“We are pleased... Read Story

July 30, 2014, 07:36 AM

Hilco Industrial LLC will conduct a private treaty sales process in Missouri City, Texas through August 22nd, 2014, to sell machinery and equipment no longer necessary in the continuing operations of Global Geophysical Services, Inc.Full details of... Read Story

July 30, 2014, 07:20 AM

MB Financial, Inc., announced today that the Office of the Comptroller of the Currency has approved the merger of Cole Taylor Bank, the bank subsidiary of Taylor Capital Group, Inc., with MB Financial, Inc.’s bank subsidiary, MB Financial Bank, N.A.... Read Story

July 28, 2014, 07:23 AM

Janov Millwork and Manufacturing (JMM), once a premiere fabricator of custom millwork and casework, has closed, and its secured creditors have ordered the liquidation of its assets.  The machinery and equipment located in Austin, Texas is in... Read Story

July 25, 2014, 07:39 AM

Prospect Capital Corporation announced that Prospect has increased total commitments to its five-year $1.0 billion revolving credit facility (the "Facility") by $10.0 million to $877.5 million in the aggregate.The facility includes an accordion... Read Story

July 25, 2014, 07:08 AM

Bayside Business Solutions, Inc. announced that Great Lakes Business Credit has implemented the CADENCE Live Portfolio Management Platform to support its diverse portfolio of flexible lending products.  Great Lakes Business Credit utilizes a variety... Read Story

July 22, 2014, 07:42 AM

For the second consecutive year, leading global professional services firm Alvarez & Marsal (A&M) received Global M&A Network’s highest honor, the Turnaround Atlas Award for Global Turnaround Consulting Firm of the Year. A&M also was awarded the... Read Story

July 22, 2014, 07:11 AM

Bayside Business Solutions, Inc. announced that Eagle Business Credit is implementing the CADENCE Portfolio Management Platform to administer its domestic, export, and transportation receivables financing.  CADENCE | Live delivers Bayside’s premier... Read Story

July 15, 2014, 07:18 AM

Carl Marks Advisors ("Carl Marks"), a leading consulting and investment banking advisor to middle-market companies, announced that partners, Marc Pfefferle, Christopher Wu, and Evan Tomaskovic have been recognized as part of the Global M&A Network's... Read Story

July 14, 2014, 07:23 AM

Medallion Financial Corp., a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that its wholly-owned subsidiary Medallion Bank has acquired a Chicago taxi medallion loan portfolio of... Read Story

July 14, 2014, 07:18 AM

Thermo Credit, LLC, a financial services provider specializing in the communications industry, announces its facilitation in the asset auction of the telecommunications provider IBFA Acquisitions, LLC.The assets are to include IBFA’s... Read Story

July 14, 2014, 07:08 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $155.7 million in new middle-market investment commitments during the three months ended June 30, 2014.  Approximately 19% of the new middle-market investment... Read Story

July 11, 2014, 07:09 AM

Salus Capital Partners announced it was awarded the Manufacturing Deal of the Year (under $75 million) Award for providing a Debtor-in-Possession (DIP) facility to National Envelope. Salus received the recognition at the 4th Annual ACG NY Champion’s... Read Story

July 09, 2014, 07:49 AM

US Capital Partners, LLC announced that it has provided over $150 million in new financings to small and lower middle-market businesses in the United States in the first and second quarters of 2014. US Capital Partners is a private investment bank... Read Story

July 09, 2014, 07:13 AM

Lexington Partners ("Lexington"), the largest dedicated manager of secondary acquisition funds, announced the final close of Lexington Middle Market Investors III, L.P. ("LMMI III") at $1.070 billion. The fund, which is the third in Lexington's... Read Story

July 08, 2014, 07:24 AM

Celtic Bank announced that it recently funded a PACE bond with Los Angeles County in the amount of $6.68MM for the New Constance Hotel located in Pasadena, California. Funds for the New Constance Hotel will be used to install energy efficient... Read Story

July 08, 2014, 07:19 AM