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News Stories (584 Results) - Industry News

Super G Funding, LLC announces corporate name change to Super G Capital, LLC to reflect increased lending size, expanded deal team and push into the lower middle market. Super G Capital has transformed into the leading provider of second lien debt... Read Story

March 01, 2017, 07:10 AM

Monroe Capital LLC was selected as the recipient of the 2016 Lower Mid-Market Lender of the Year Award in the Americas region by Private Debt Investor, a global independent publication based in London covering the private debt and private equity... Read Story

March 01, 2017, 07:08 AM

Corporate borrowers are increasingly skirting traditional banks to secure debt financing and leveraged loans, which is creating a surge in demand for alternative lending services, according to a report from Reuters. Reporter Jonathan Schwarzberg... Read Story

February 13, 2017, 08:00 AM

Following years of sluggish economic recovery, business leaders believe 2017 stands to usher in a long-awaited acceleration in growth. According to "America's economic engine - Breaking the cycle," Deloitte's 2017 report on business and economic... Read Story

February 09, 2017, 08:05 AM

TCF Financial Corporation announced that William A. Cooper, the corporation’s executive chairman and former chief executive officer for nearly 30 years, died yesterday. He was 73 years old.“The entire TCF family is deeply saddened by the passing of... Read Story

February 09, 2017, 07:50 AM

KPMG was ranked as the leading mid-market provider of M&A services for both the number of announced and completed deals in 2016, according to Thomson Reuters’ Mid-Market M&A Review (deals up to USD $500M).“M&A remains crucial for companies seeking to... Read Story

January 30, 2017, 08:00 AM

SSG Capital Advisors, LLC acted as the investment banker to Polar Windows of Canada, Ltd., a portfolio company of The Riverside Company, in the sale of substantially all of its outstanding stock to a consortium of management, Henry & Wallace, LLC and... Read Story

January 27, 2017, 08:00 AM

Seeking to better align its international banking services with the customers they serve, Wells Fargo & Company announced that its International Group will be integrated into other Wholesale Banking business lines, enhancing how they serve middle... Read Story

January 20, 2017, 08:13 AM

PNC Riverarch Capital announced the sale of its portfolio company Goldco, LLC to Seven Hospitality LLC, a consortium of high-net-worth investors.  Terms of the transaction were not disclosed. Goldco is a leading operator of 46 Burger King... Read Story

January 20, 2017, 07:00 AM

Moody’s Corporation announced that it has reached an agreement with the U.S. Department of Justice (DOJ) and the attorneys general of 21 U.S. states and the District of Columbia to resolve pending and potential civil claims related to credit ratings... Read Story

January 16, 2017, 08:00 AM

ABL Advisor, the leading online publisher serving the asset-based lending and specialty finance segments of the commercial finance industry, today announces the appointments of Chris Moraff as Associate Editor and Tracy Miller as Marketing... Read Story

January 13, 2017, 07:55 AM

Prudential Capital Partners has completed fund raising for its fifth mezzanine fund, Prudential Capital Partners V, L.P., surpassing its target of $1.4 billion. Prudential Capital Partners is the middle-market mezzanine fund business sponsored by... Read Story

January 13, 2017, 07:17 AM

Middle market private companies in the Golub Capital Altman Index increased revenues by 5.33% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or "EBITDA") declined by 2.48% during the first two months of the... Read Story

January 12, 2017, 08:00 AM

Investment in VC-backed companies based in the United States ended the year on a weak note, as quarterly deals and dollars fell for the second-consecutive quarter, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and CB... Read Story

January 12, 2017, 07:29 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $113.6 million in new middle-market investment commitments during the three months ended December 31, 2016. Approximately 75% of the new middle-market investment... Read Story

January 11, 2017, 07:15 AM

Scargo Hill Capital, LLC, announced its formation to provide senior secured capital solutions in the lower middle-market across retail, consumer products and the broader supply chain. The firm boasts a partnership of retail industry, commercial... Read Story

January 10, 2017, 08:00 AM

Deloitte’s fourth quarter (4Q 2016) CFO Signals survey, which opened the day after the election on Nov. 9, 2016, reveals that all eyes are on the next U.S. administration, with 73 percent of surveyed chief financial officers expecting less... Read Story

January 06, 2017, 07:45 AM

Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lead Arranger for... Read Story

January 06, 2017, 07:00 AM

Ares Capital Corporation announced that it has increased its total borrowing capacity in conjunction with the closing of its previously announced acquisition of American Capital, Ltd. Ares Capital increased its total debt facility capacity from $2.2... Read Story

January 05, 2017, 10:00 AM

Avidbank Specialty Finance, a Division of Avidbank that specializes in technology and asset-based lending, has provided LightPath Technologies with new a $5 million acquisition term loan in addition to renewing an existing line of... Read Story

January 05, 2017, 08:15 AM

Ares Management, L.P. announced that it will begin earning fees on approximately $3 billion of incremental AUM as a result of the completion of Ares Capital Corporation’s acquisition of American Capital, Ltd., which closed on January 3, 2017. As a... Read Story

January 04, 2017, 06:56 AM

JND Legal Administration, a management and administration company delivering service lines in corporate restructuring, class action, mass tort, government services and eDiscovery, announced the rebranding and name change of UpShot Services LLC to JND... Read Story

December 28, 2016, 08:00 AM

Opus Bank (“Opus”) announced that it completed on December 23, 2016 the securitization of approximately $509 million of its multifamily loans through a Freddie Mac sponsored “Q-deal” securitization. One class of Freddie Mac guaranteed Structured Pass... Read Story

December 27, 2016, 08:01 AM

Several overarching themes will affect securitization markets around the world in 2017, Moody’s Investors Service says in its global structured finance outlook overview. Asset credit quality will continue to weaken in some sectors but will stabilize... Read Story

December 21, 2016, 07:28 AM

Monroe Capital LLC has been recognized by Global M&A Network as the Small Middle Markets Lender of the Year for the fourth consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City on December 6... Read Story

December 20, 2016, 07:12 AM

Crestmark Chairman and CEO Dave Tull announced that Vice Chairman Barry Essig is retiring in December 2016. In recognition of his outstanding contributions to Crestmark and to the financial services industry, over a long and impressive career... Read Story

December 20, 2016, 07:10 AM

Deloitte Corporate Finance LLC acted as the exclusive financial advisor to EPS Financial, LLC (EPS) in connection with Drake Enterprises, Ltd.’s (Drake) sale of substantially all the assets of EPS to Meta Financial Group, Inc. (Meta). The transaction... Read Story

December 19, 2016, 07:00 AM

According to a recent study by the National Center for the Middle Market (NCMM), more than half of U.S. middle market companies lack an up-to-date strategy to combat the cyber risks they face, with 30 percent having no action plan whatsoever. To help... Read Story

December 15, 2016, 07:28 AM

The credit quality of loans originated in the US by so-called marketplace lenders and backing new asset-backed securities (ABS) is unlikely to change meaningfully in 2017, Moody’s Investors Service says in its just-published outlook for the sector.... Read Story

December 08, 2016, 07:33 AM

Solace Capital Partners, a private equity firm focused on distressed-for-control and special situations investments in North America, announced the successful closing of its inaugural fund, Solace Capital Special Situations Fund, L.P. (the “Fund”) at... Read Story

December 06, 2016, 07:21 AM

Comptroller of the Currency Thomas J. Curry announced that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national... Read Story

December 05, 2016, 07:49 AM

CIT Group Inc. announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the... Read Story

December 05, 2016, 07:41 AM

FS Investments, a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed approximately $988 million in senior secured loans and other debt and equity financing to middle market... Read Story

December 02, 2016, 07:16 AM

Phoenix Capital Resources, a leading middle-market special situations investment bank, acted as the exclusive financial advisor and investment banker to Val-Fit Inc. ("Val-Fit" or the "Company") resulting in the sale of certain of the Company's... Read Story

December 01, 2016, 07:44 AM

Platte River Equity announced that it has invested in In-Place Machining Company, LLC (“IPM” or the “Company”) in partnership with the existing ownership of the Company. Founded in 1976 and headquartered in Milwaukee, Wisconsin, IPM is a... Read Story

November 29, 2016, 07:11 AM

Monroe Capital LLC was selected as the recipient of the 2016 Lender Firm of the Year Award by The M&A Advisor. Award winners were honored at the 15th Annual M&A Advisor Awards Gala held in New York City on November 9.Monroe Capital provides... Read Story

November 22, 2016, 07:43 AM

aVeriFact, LLC, a business specializing in Financial and Background Investigation due diligence, is proud to announce national certification as a Women's Business Enterprise and Women Owned Small Business by the Women's Business Enterprise South... Read Story

November 22, 2016, 07:30 AM

Pamlico Capital, a leading lower middle market private equity firm focused on growth oriented businesses, announced the first and final close of Pamlico Capital IV (“PC IV”) at the hard cap with total commitments of $910 million. PC IV raised its... Read Story

November 21, 2016, 07:55 AM

Hana Financial, Inc., one of the nation’s leading non-bank specialty commercial lenders, announced that its SBA lending unit, Hana Small Business Lending, Inc., has completed the securitization and sale of approximately $46.1 million of notes backed... Read Story

November 16, 2016, 07:13 AM

CIT Group Inc. announced that Michael Brosnan has been named to its Board of Directors effective November 10. Additionally, John Oros has stepped down from the Board due to the demands and requirements of his position with J.C. Flowers & Co.“We are... Read Story

November 15, 2016, 07:28 AM

Deloitte’s “2016-2017 Global CIO Survey” has uncovered a shift in business priorities from “business performance” to “customers,” with 57 percent of chief information officers choosing “customers” as their top priority, compared to only 45 percent... Read Story

November 15, 2016, 07:21 AM

ParkerGale Capital, LP announced the close of its debut buyout fund. Exceeding its original target of $200 million, the fund closed at $240 million, with contributions from a balanced mix of family offices, pensions, managed accounts, endowments and... Read Story

November 10, 2016, 07:40 AM

LM Funding America, Inc., a specialty finance company offering unique funding solutions to community associations, has initiated strategies to monetize $165 million of unsecured off-balance sheet assets. The company recently placed $5 million of... Read Story

November 10, 2016, 07:29 AM

The construction, consumer and retail, and healthcare industries were the most active in closing deals valued at $75 million or less in the third quarter of 2016, according to a new survey released by CMF Associates, private equity’s preferred... Read Story

November 08, 2016, 07:41 AM

Retailers could see record web traffic this year, according to Deloitte’s 31st annual holiday survey of consumer spending intentions and trends. Among the findings from the 2016 study:The Internet gallops ahead as the top shopping destination More... Read Story

October 31, 2016, 08:08 AM

Wells Fargo announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial Capital... Read Story

October 25, 2016, 08:22 AM

Neuberger Berman, a private, independent, employee-owned investment manager, announced NB Private Debt Fund II LP (the "Fund") closed on $750 million of limited partner commitments. The Fund seeks to invest in the junior debt of private equity-backed... Read Story

October 21, 2016, 07:41 AM

SSG Capital Advisors, LLC acted as the investment banker to Essex Crane Rental Corp. ("ECRC" or the "Company") in the sale of its core assets to Maxim Crane Works, L.P. ("Maxim"), a portfolio company of Apollo Global Management ("Apollo"). The sale... Read Story

October 21, 2016, 07:24 AM

Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced the closing of Atlantic Street Capital III, LP ("Fund III") with $210 million of committed capital,  surpassing its... Read Story

October 19, 2016, 07:50 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 Senior Loan Fund III (“SLF III” or “the Fund”) at its hard cap of $500... Read Story

October 18, 2016, 07:03 AM

Venture capital (VC) investment and deal volume continued to be weak in Q3’16, according to Venture Pulse, the quarterly global report on VC trends published jointly by KPMG International and CB Insights. If the pace of deals continues at the same... Read Story

October 14, 2016, 07:43 AM

Monroe Capital LLC announced the final close of Monroe Capital Private Credit Fund II LP (“Fund”) at $800 million of limited partner commitments, eclipsing the Fund target of $600 million. When combined with target fund leverage, the Fund will have... Read Story

October 13, 2016, 07:43 AM

Middle-market private companies in the Golub Capital Altman Index increased revenues by 4.62% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or "EBITDA") declined by 0.66% during the first two months of the... Read Story

October 10, 2016, 07:35 AM

Alvarez & Marsal Taxand, LLC, an affiliate of leading global professional services firm Alvarez & Marsal, has completed the addition of San Jose-based Clifton Douglas LLP, whose team of tax professionals will join A&M Taxand, effective November 1... Read Story

October 07, 2016, 07:13 AM

A survey of private equity executives at ACG's M&A East Conference (September 27-28) by CMF Associates, a leading provider of financial, operational, and human capital solutions to private equity, middle-market, and small cap public companies, found... Read Story

October 06, 2016, 07:36 AM

NXT Capital, LLC announced the final closing on approximately $312 million in equity for NXT Capital Senior Loan Fund IV, L.P. When coupled with targeted leverage, Senior Loan Fund IV will have approximately $900 million in capital to invest.  The... Read Story

October 06, 2016, 07:17 AM

Gordon Brothers Group, the 113 year-old, global advisory, restructuring, and investment firm, announced today that all of its operating units will now be positioned under one name: Gordon Brothers. With services in valuations, dispositions... Read Story

October 05, 2016, 07:37 AM

Medallion Financial Corp. announced that Medallion Bank, the company’s unconsolidated wholly-owned portfolio company, and Medallion Business Credit, a division of the company, closed on a sale of over $40 million in performing loans to a large super... Read Story

October 05, 2016, 07:35 AM

Leading venture debt provider Trinity Capital Investment announced the recent launch of a third fund, Trinity Capital Investment Fund III, L.P. (Fund III), which is expected to provide an estimated $600 million of additional capital for deployment... Read Story

September 29, 2016, 07:06 AM

Duff & Phelps, a global valuation and corporate finance advisor, announced that Brent Bersin has been appointed Co-Chair of the Expert Witness Subcommittee of the ABA Commercial and Business Litigation Committee. Bersin is a Managing Director in the... Read Story

September 26, 2016, 07:42 AM

NewStar Financial, an internally-managed commercial finance company and asset manager, announced its liquid credit platform, NewStar Capital LLC (“NewStar Capital”), completed a $410 million broadly syndicated loan securitization known as Arch Street... Read Story

September 22, 2016, 07:09 AM

The run-up in business development company (BDC) equity prices in recent months should lead to further opportunistic equity issuance by some BDCs, says Fitch Ratings. For those firms trading above net asset value (NAV) and able to access equity... Read Story

September 21, 2016, 07:27 AM

Breakaway Capital Partners, a Los Angeles-based direct lending firm, announced the close of Breakaway Capital Partners Fund II, L.P. ("Fund II"), with total commitments at the hard cap of $100 million, all from family offices and individuals. The... Read Story

September 21, 2016, 07:19 AM

Stenn International Ltd. ("Stenn"), a UK-based trade finance provider, announced that it has launched a $300 million financing platform to expand its capacity to help suppliers across the globe access and service buyers of their products in developed... Read Story

September 20, 2016, 07:46 AM

Reuters Loan Pricing Corporation reports business development companies (BDCs), which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialized closed end investment funds for consolidation... Read Story

September 19, 2016, 08:05 AM

Opus Bank announced that Opus Equity Partners Opportunity Fund I, L.P. (“SBIC Fund”) has received final committee approval for a license from the United States Small Business Administration (the "SBA") to operate as a Small Business Investment... Read Story

September 19, 2016, 07:43 AM

Align Capital Partners, LP announced the first and final close of its inaugural private equity investment fund, Align Capital Partners Fund I, LP and Align Capital Partners Fund I-A, LP (collectively, “ACP I”). Align began fundraising in June 2016... Read Story

September 19, 2016, 07:36 AM

The most important international markets and opportunities for U.S. middle market companies lie within the Americas, according to a new report from the National Center for the Middle Market (NCMM). This finding, detailed in the NCMM's "Winning in the... Read Story

September 16, 2016, 08:16 AM

SaaS Funding, a leading provider of senior and junior debt capital to Software-as-a-Service (SaaS), digital media and tech enabled service companies, announced that it has opened an office in the heart of Santa Monica, hired a team of SaaS... Read Story

September 14, 2016, 07:34 AM

A Reuters article notes higher company valuations and lenders wary of risky investments are pushing private equity firms to increase the size of equity contributions, or checks, for leveraged buyouts near historic highs in the face of fierce... Read Story

August 29, 2016, 08:02 AM

Capitala Finance Corp. announced four investment exits totaling $57.2 million. The investment exits include: On August 2, 2016, the Company exited its $18.4 million subordinated debt investment in Merlin International, Inc. at par. On August 5... Read Story

August 26, 2016, 07:45 AM

Great American Group (GA) was appointed by Woolworths Limited to manage the closure of its Masters Home Improvement Stores in Australia. Great American Group's Australian subsidiary, GA Australia, will manage the going-out-of-business sales for all... Read Story

August 26, 2016, 07:17 AM

The Securities and Exchange Commission announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to... Read Story

August 25, 2016, 07:43 AM

SSG Advisors, LLC ("SSG") acted as the investment banker to Benchmark Brands, Inc. ("Benchmark" or the "Company") in the sale of substantially all of its assets to The Walking Company, Inc. ("TWC"). The sale was effectuated through Article 9 of the... Read Story

August 23, 2016, 07:27 AM

Amid a tougher climate for marketplace lenders and a drop in mega-round activity, investment in VC-backed fintech companies fell 24 percent in the U.S and nearly 50 percent globally during Q2 ‘16, according to the Pulse of Fintech, the quarterly... Read Story

August 22, 2016, 07:26 AM

Reich Brothers, LLC announced that its wholly owned affiliate 476 Bridge Street LLC was the successful bidder for the assets of Columbus Castings in Columbus, OH. The purchase price including cash and other consideration is in excess of $30... Read Story

August 19, 2016, 07:29 AM

U.S. Financial Bond issuance declined for all sectors except insurance in the first half of 2016, according to a new Fitch Ratings report. The first half of 2016 closed with net new issuance at $56 billion, annualizing to a 7% growth rate and 16%... Read Story

August 18, 2016, 07:14 AM

Square and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to... Read Story

August 11, 2016, 07:51 AM

Ares Capital Corporation (ARCC) and Varagon Capital Partners announced the Senior Direct Lending Program has officially launched. First announced in 2015, SDLP was formed to provide complete financing solutions to middle market companies and sponsors... Read Story

August 04, 2016, 07:41 AM

U.S. middle market companies recorded 7.2 percent average revenue growth in the second quarter of 2016, building upon already strong growth figures from Q1, according to the National Center for the Middle Market (NCMM). Combined with solid jobs gains... Read Story

July 28, 2016, 07:41 AM

Tiger Capital Group, LLC announced an agreement to provide special project financing for a high-volume program focused on refurbishing and reselling all of the display and returned televisions of one of the nation’s largest brick and mortar retailers... Read Story

July 27, 2016, 07:39 AM

Bloomberg reports EverBank Financial Corp., the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor. This is according to people familiar with the matter.Bloomberg says the... Read Story

July 26, 2016, 07:50 AM

Crestmark is introducing Fast Track Financing to the marketplace, simplifying the application process, reducing paperwork, and providing 24-hour approval to qualified businesses. Now in its 20th year, Crestmark provides timely, customized financing... Read Story

July 26, 2016, 07:39 AM

Malfitano Partners, a unique legal and advisory group based in New York City, announced it has established a Board & Fiduciary Services platform under one of its operating units, Malfitano Advisors, LLC. The launch comes just after the six-month... Read Story

July 26, 2016, 07:15 AM

Though CEOs in KPMG’s 2016 U.S. CEO Study view innovation as a strategic priority, only 25 percent say innovation is embedded into everything they do.Furthermore, 36 percent say their organization’s approach to innovation is either ad hoc, reactive... Read Story

July 22, 2016, 07:42 AM

Monroe Capital LLC announced the closing of a $305 million term debt securitization known as Monroe Capital MML CLO 2016-1, Ltd. The term financing was Monroe’s third CLO completed in the last two years, is secured by middle-market senior secured... Read Story

July 06, 2016, 08:01 AM

Lending to U.S. mid-sized companies is poised to increase in the second half of 2016 as lenders report a growing pipeline of M&A deals and expectations for a push ahead of the U.S. election, market participants told Thomson Reuters LPC.After two... Read Story

July 06, 2016, 07:53 AM

GE announced that it has received approval of its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s designation as a nonbank Systemically Important Financial Institution (SIFI).The FSOC’s decision reflects the... Read Story

June 30, 2016, 07:37 AM

Metropolitan Equity Partners (“Metropolitan”) announced it has invested $20 million in Bizfi, a premier fintech company that combines aggregation, funding and a marketplace for small businesses. This investment represents an increase from the $65... Read Story

June 29, 2016, 07:21 AM

Reuters exclusively reported that alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since... Read Story

June 27, 2016, 07:53 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and... Read Story

June 22, 2016, 08:03 AM

InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third... Read Story

June 22, 2016, 07:36 AM

In a company press release, Gibraltar Capital Holdings announced that Gibraltar Business Capital (GBC), the company's asset-based lending company, can now lead facilities of up to $10 million.  Its small business capital company, Gibraltar Capital... Read Story

June 17, 2016, 07:56 AM

North Mill Equipment Finance LLC announced the closing of its second securitization transaction, NMEF Funding 2016-A, which was completed on June 13, 2016.  NMEF Funding 2016-A issued two classes of equipment finance-backed notes totaling $111.15... Read Story

June 17, 2016, 07:49 AM

EverBank announced several new senior management appointments and strategic organizational changes for its Commercial Division, serving small and mid-size companies across the country.“Over the past several years, EverBank has acquired or started a... Read Story

June 16, 2016, 08:04 AM

CIT Group announced the launch of a mid-cap restaurant franchise finance practice to complement its successful large and small restaurant franchise financing businesses.“CIT franchise finance has long been recognized as a leading provider of... Read Story

June 16, 2016, 07:56 AM

Wells Fargo Capital Finance announced Christian Conroy, Director of Loan Originations for Wells Fargo Capital Finance, is one of the winners of The M&A Advisor’s 40 Under 40 Emerging Leaders Awards.The M&A Advisor, renowned globally for its... Read Story

June 14, 2016, 07:50 AM

Crestline Investors, Inc., a credit focused institutional alternative asset manager, today announced an additional closing of its Crestline Opportunity Fund III strategy, bringing capital in the strategy to $720 million. The strategy invests... Read Story

June 13, 2016, 11:39 AM

Bank of America Merrill Lynch announced the launch of a new electronic platform, Instinct® Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm’s ongoing commitment to providing liquidity to clients... Read Story

June 09, 2016, 07:39 AM

OnDeck announced that Daniel S. Henson was elected to its Board of Directors effective June 2, 2016. Henson brings nearly 30 years of experience from General Electric Company (GE), where he held a variety of senior positions at GE and General... Read Story

June 07, 2016, 07:37 AM

Deloitte acted as the exclusive financial advisor to Original Additions TopCo Limited (Original Additions), a London-based beauty company and portfolio company of Lloyds Development Capital (LDC), in its sale to PDC Brands (PDC), a portfolio company... Read Story

June 03, 2016, 07:25 AM

SquareTwo Financial Corporation, a leader in the distressed asset purchasing market in the United States and Canada, announced the early settlement of its previously announced exchange offer and the implementation of its comprehensive... Read Story

May 26, 2016, 07:22 AM

First-quarter business development company (BDC) earnings reports showed some improvement in portfolio valuations but also underscored the broader challenges facing the sector, says Fitch Ratings. Capital constraints, low market volumes and risks of... Read Story

May 23, 2016, 08:01 AM

Institutional demand for private credit is propelling capital formation in the U.S. middle market, as a flurry of newly created direct lending platforms enter the mix and existing alternative debt capital providers continue to raise money and add... Read Story

May 20, 2016, 08:01 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm announced today that it has acquired Blast–Off Brands, the Los Angeles-based licensing and branding company. Blast-Off Brands co-founder, Ramez Toubassy, will join Gordon... Read Story

May 18, 2016, 08:05 AM

The current state of the capital markets is unclear, with pockets of liquidity and uncertainty with regards to what deals can get done. Nonetheless, the Federal Reserve’s interest rate increase has not had a dramatic effect, and demand for... Read Story

May 13, 2016, 07:28 AM

The U.S. Treasury Department issued a white paper regarding its review of the online marketplace lending industry. The white paper titled, “Opportunities and Challenges in Online Marketplace Lending,” provides an overview of what the Treasury... Read Story

May 11, 2016, 07:53 AM

Tiger Group, the international asset-valuation, advisory, capital solutions and disposition services firm, has established a new base of operations in the Southeast, the company announced.New York-based Tiger established its Southeast operations... Read Story

May 11, 2016, 07:32 AM

Czech Asset Management, L.P. ("Czech") announced the final close of its third direct lending fund complex ("SJC III") with total commitments in excess of $1.7 billion, exceeding its $1.5 billion target. All of the capital raised in SJC III came from... Read Story

May 10, 2016, 07:21 AM

Oxer Capital, Inc. has launched Oxer BCP Mezzanine Fund, L.P., a Small Business Investment Company (SBIC) licensed by the U.S. Small Business Administration (SBA) and created to fill the capital needs of lower middle-market private... Read Story

May 09, 2016, 07:38 AM

1ST WEST Background Due Diligence announced the expansion of its risk intelligence platform.  Building on 1ST WEST’S strong foundation and brand allegiance in the corporate finance industry, core competencies now include: 1ST WEST Corporate Finance™;... Read Story

May 05, 2016, 07:50 AM

Monroe Capital completed the successful optional redemption of 100% of the Notes for MC Funding 2006-1, a middle market CLO that closed on December 21, 2006.  The $409.5 million-middle market CLO, managed by Monroe Capital Management LLC, generated a... Read Story

May 05, 2016, 07:37 AM

Monroe Capital Corporation announced that its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP (“MCC SBIC”), has received approval for $75.0 million in additional debentures from the United States Small Business Administration (“SBA”).... Read Story

May 04, 2016, 07:44 AM

99 Cents Only Stores LLC's (99 Cents Only) near-term liquidity should remain adequate in fiscal 2017 (January) given significantly reduced inventory, further lowering of capex and Fitch Ratings' expectation that the company's gross margin will expand... Read Story

May 02, 2016, 07:57 AM

Despite the varied strategies and risk appetites of business development companies (BDCs), one consistent trend across the sector is increasing leverage, according to a new report from Fitch Ratings on the 18 largest BDCs. Against the current market... Read Story

April 26, 2016, 08:14 AM

The substantial increase over the past six years of first-lien debt with little or no subordinated debt to absorb losses will lower recovery rates for senior leveraged loan investors in the next downturn, said Moody's Investors Service.The prevalence... Read Story

April 21, 2016, 07:52 AM

Therium Group Holdings Limited, a leading provider of litigation financing with over $300 million in committed capital, announced that it is launching operations in the United States with the creation of Therium Inc., a U.S. subsidiary headquartered... Read Story

April 20, 2016, 07:22 AM

Investment into venture capital (VC)-backed companies in the United States has slowed in back-to-back quarters, according to Venture Pulse, the quarterly global report on VC trends published jointly by KPMG International and CB Insights.The U.S. saw... Read Story

April 18, 2016, 07:35 AM

EverBank announced the consolidation of its Capital Equipment Finance and Business Credit units into a single organization serving commercial clients nationwide.  The combined business will be called EverBank Business Finance, with offices in New... Read Story

April 13, 2016, 07:56 AM

Hercules Capital, Inc., a specialty financing provider to innovative venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, provided its portfolio update for Q1 2016.“I am delighted to see our organization’s... Read Story

April 11, 2016, 07:23 AM

Middle-market private companies in the Golub Capital Altman Index increased revenues by 9.08% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or "EBITDA") by 5.05% year-over-year during the first two months of... Read Story

April 08, 2016, 08:01 AM

Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, announced the final closing of its third private equity fund, Aquiline Financial Services Fund III L.P., with over $1.1 billion in total capital... Read Story

April 07, 2016, 07:41 AM

GE announced on April 1, 2016 that it has completed the previously announced sale of its commercial lending and leasing business in Japan, including Capital Finance, Fleet Services and Vendor Finance, to Sumitomo Mitsui Finance and Leasing Company... Read Story

April 04, 2016, 07:49 AM

GE continues to quickly and successfully execute the transformation of GE Capital into a smaller, more focused financial services firm. Today, GE filed its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s... Read Story

March 31, 2016, 08:09 AM

In an attempt to gauge funding needs and challenges for mid- to large-sized businesses, Bibby Financial Services revealed the who, what and why of commercial finance needs for today’s financial decision makers and their outlook for 2016. This survey... Read Story

March 31, 2016, 08:01 AM

GE and State Street Corporation announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up to $485 million, subject to adjustments. This announcement follows GE’s previous announcement in... Read Story

March 31, 2016, 07:29 AM

GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The sale includes approximately $1.4 billion in ending net investment (ENI)... Read Story

March 30, 2016, 07:52 AM

Tiger Capital Group is rebranding its remarketing services division to better reflect its global role as a broad-based disposition company with particular expertise in monetizing commercial and industrial assets.Formerly known as Tiger Remarketing... Read Story

March 29, 2016, 07:46 AM

NewStar Financial announced  that it has been named 2015 Lender of the Year by Mergers & Acquisitions (“M&A”), an independent digital news service and monthly magazine covering all aspects of deal-making in the middle market.  The monthly magazine is... Read Story

March 28, 2016, 07:43 AM

CIT Group Inc. today announces its strategic plan designed to drive long-term shareholder value. In connection with today’s (Mar. 23) strategic update call, CIT is delivering a slide presentation which is available at cit.com/investor.“Today, CIT... Read Story

March 23, 2016, 07:12 AM

ORIX USA, a diversified financial services company, announced the formation of IX Capital Partners, a new investment initiative of its majority-owned subsidiary, Mariner Investment Group LLC (Mariner). IX Capital Partners – Private Equity is seeking... Read Story

March 23, 2016, 07:07 AM

New York-based growth-focused private capital firm Bregal Sagemount closed a $40 million equity investment in Open Lending, LLC, securing a significant minority position in the automated lending services provider. Based in Austin, Texas, Open Lending... Read Story

March 23, 2016, 07:01 AM

RSM US LLP (RSM) – a leading provider of audit, tax and consulting services to the middle market – released the first RSM Middle Market Business Index (MMBI). Developed in partnership with Moody's Analytics, the MMBI is designed to accurately reflect... Read Story

March 23, 2016, 06:53 AM

Fitch Ratings believes asset quality for business development companies (BDCs) could deteriorate further in 2016 following challenging energy performance in 2015, according to Fitch's latest North American Financial Institutions Chart of the Month.... Read Story

March 21, 2016, 08:16 AM

Tech CU (Technology Credit Union) announced that the credit union has funded its largest Small Business Administration (SBA) 504 loan to date. At $22.4 million dollars, the loan provided financing to assist a commercial tenant's purchase of a 112,000... Read Story

March 18, 2016, 07:53 AM

Northpoint Commercial Finance has developed a financing program for D&H Distributing (D&H) resellers. The program provides extended terms to D&H resellers who are also Nationwide Marketing Group members.Nationwide, North America’s largest buying and... Read Story

March 17, 2016, 07:39 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to True Textiles, Inc. ("True Textiles" or the "Company") in the sale of all of its outstanding stock to Duvaltex, Inc. ("Duvaltex").  The transaction closed in February 2016. True... Read Story

March 16, 2016, 07:49 AM

The National Center for the Middle Market (NCMM) has announced SunTrust Banks, Inc. as its new primary sponsor. The multi-year agreement will enable the NCMM to continue providing insights and analyses that drive growth, jobs and competitiveness in... Read Story

March 16, 2016, 07:28 AM

Venture funding in the U.S. fintech sector jumped 72% in 2015, hitting a record $7.39 billion - up dramatically from $4.3 billion in 2014. The banner year was highlighted by newly minted Unicorns and increased involvement by financial services giants... Read Story

March 14, 2016, 07:53 AM

The New York State Restaurant Association has selected Bizfi, a premier FinTech company which combines aggregation, funding and a participation marketplace for small businesses on one platform as the exclusive financial provider for its... Read Story

March 04, 2016, 07:01 AM

Hercules Technology Growth Capital, Inc., a leading specialty financing provider to innovative venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, announced the company will change its name to Hercules Capital... Read Story

February 22, 2016, 07:58 AM

The trailing 12-month (TTM) energy default rate is expected to finish February above 9% while the exploration and production (E&P) rate will surpass 14%, as continued declines in commodity prices are helping to push U.S. high-yield bond issuers in... Read Story

February 22, 2016, 07:33 AM

Thoma Bravo, LLC, a leading private equity investment firm, has completed fundraising for Thoma Bravo Discover Fund (“Discover”). The fund – which will focus on lower middle-market software investments – closed with $1.074 billion of commitments... Read Story

February 16, 2016, 07:39 AM

Mainspring Funding, a national distribution platform for investors and a lending connection source for small business borrowers, has released its newly enhanced platform, www.mainspringfunding.com, designed to give borrowers and qualified investors... Read Story

February 11, 2016, 07:23 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that it has acquired the inventory, equipment and intellectual property assets of CHEF’S... Read Story

February 10, 2016, 07:37 AM

PayNet, the leader in small business credit assessment, announces the PayNet Small Business Default Index (SBDFI), an economic indicator designed to gauge small business defaults and signal insolvency across multiple sectors of the economy at the... Read Story

February 09, 2016, 07:38 AM

Activist investors are increasingly campaigning against U.S. financial institutions (FIs), a move driven by changes in the activists' approach and an increased alignment with regulatory objectives, according to Fitch Ratings.While traditionally... Read Story

February 08, 2016, 07:29 AM

Conway MacKenzie Inc. has recently expanded its offerings with the launch of its Consumer Packaged Goods Advisory Services practice. Led by consumer packaged goods (CPG) veteran Mike Musso, the practice helps middle-market CPG companies and... Read Story

February 05, 2016, 07:48 AM

Hilco Streambank and Piper Jaffray have been hired to assist Outdoor Direct Corporation and Q-Beam Corporation in the sale of their remaining assets. The assets include all intellectual property and remaining inventory associated with the Brinkmann®... Read Story

February 04, 2016, 07:48 AM

SunTrust Banks, Inc. has launched a new Payments & Technology Industry Specialty in Commercial and Business Banking. This creates a unique opportunity to drive an industry focus on companies developing financial technology and digital payments... Read Story

February 03, 2016, 07:54 AM

Dun & Bradstreet released D&B Credit, a cloud-based platform designed to provide more efficient credit and risk analytics to CFOs and finance departments in any industry. The platform will help finance professionals manage and monitor trade credit... Read Story

January 25, 2016, 07:31 AM

Opus Bank announced it has entered into a marketing and referral agreement with OnDeck, the leader in online lending for small business, that will leverage Opus’ 58 retail banking office distribution located in major metro markets up and down the... Read Story

January 22, 2016, 08:02 AM

Fitch's latest stress tests of BDCs focus on leverage ratios under downside scenarios to energy-related investments broadly, and oil & gas exposures specifically. The tests include a partial writedown of oil & gas-related investments, a partial... Read Story

January 22, 2016, 07:56 AM

An expected Chapter 11 bankruptcy filing by Verso Corp. would boost the mid-January trailing 12-month (TTM) high yield bond default rate to 3.7% from 3.4% at year-end 2015, according to Fitch Ratings. A filing would affect approximately $2.7 billion... Read Story

January 21, 2016, 07:21 AM

BlueVine, a leading online provider of working capital financing to small businesses, announced it has closed $40 million in funding, bringing the company’s total funding to $64 million to date. This Series C funding was led by an investment from... Read Story

January 20, 2016, 07:43 AM

MMKT Exchange LLC, a leader in the middle market lending technology and data analytics space, announced today that it launched a quarterly Middle Market Loan Trend Report, beginning with Q3 2015.  The report is free and can be downloaded here:  See:... Read Story

January 19, 2016, 07:39 AM

PNC Financial Services Group, Inc. (PNC) reported $1 billion in net income, down 3% on a linked-quarter basis, according to Fitch Ratings. Results benefitted from higher spread income, improved fees, and lower credit costs. This was offset by much... Read Story

January 18, 2016, 07:39 AM

Hitachi Capital America Corp., a leader in transportation leasing and commercial lending, announced that its newly-formed trade finance division funded more than $1.4 billion through December 31, 2015 and plans to fund more than a total of $2 billion... Read Story

January 18, 2016, 07:28 AM

From the fourth quarter Phoenix Management “Lending Climate in America” Survey, results shows continued expectations for interest rate spreads to increase indicating a less attractive market for borrowers moving forward into 2016.Lenders confidence... Read Story

January 14, 2016, 07:24 AM

NewStar Business Credit, a subsidiary of NewStar Financial, Inc. announced the launch of a new unitranche loan product called SingleSource. SingleSource combines ABL and cash flow financing approaches to provide a creative and valuable “one-stop”... Read Story

January 13, 2016, 08:14 AM

Capital One has been named the No. 1 lead arranger for healthcare leveraged loans up to $1 billion in size, according to Thomson Reuters. With the recent acquisition of GE Capital’s Healthcare Financial Services lending business, which has held the... Read Story

January 12, 2016, 07:50 AM

Citizens Commercial Banking’s fifth-annual Middle Market M&A Outlook released today shows more than half of mid-sized U.S. companies are looking for transformative deals to help them jump-start revenues in the stabilized, but slow-growing U.S.... Read Story

January 12, 2016, 07:38 AM

Nautic Partners, LLC (“Nautic”), a leading middle-market private equity firm that focuses on investments in the healthcare, industrial products, and outsourced services sectors, has successfully completed its fund raising for Nautic Partners VIII... Read Story

January 11, 2016, 07:17 AM

Antares Capital LP and Antares Holdings LP (collectively, “Antares”) and LStar Capital (“LStar”), the credit affiliate of Lone Star Funds announced that they will jointly provide access to unitranche loans for middle market borrowers through the... Read Story

January 07, 2016, 07:26 AM

RAAM Global Energy Company has retained Blackhill Partners, an investment bank specializing in complex situations, as restructuring advisor to guide the company through a financial and operational reorganization.RAAM is a privately held Delaware... Read Story

January 05, 2016, 07:43 AM

CI Capital Partners LLC, a New York-based private equity firm, announced the closing of its third fund, CI Capital Investors III, L.P. (the "Fund" or "Fund III"). Fund III was in the market for less than three months and closed at the Fund's target... Read Story

January 04, 2016, 07:59 AM

Recent leveraged loan price volatility presents increased risks and opportunities for CLO managers, Fitch Ratings says. Managers in volatile markets are challenged to make credit calls that may significantly affect long-term performance for CLO... Read Story

December 29, 2015, 07:33 AM

An article appearing on CFO.com notes that U.S. small businesses’ access to capital at its highest level since 2012, but demand for funding is down. The CFO.com article cites the latest results from Dun & Bradstreet and Pepperdine University’s... Read Story

December 18, 2015, 07:47 AM

Bizfi announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth.Closing this financing round enables Bizfi to: Expand its suite of funding programs... Read Story

December 16, 2015, 07:33 AM

CNG Source, Inc., a leading provider of turn-key CNG station design, equipment production, and installation, has retained Heritage Equity Partners to seek an investor, joint venture partner, or buyer for the business.  Founded in 2011, CNG Source is... Read Story

December 14, 2015, 07:43 AM

Gordon Brothers Group and Hilco Merchant Resources announced they have begun store closing sales for Los Angeles-based, Kitson, at all 17 locations throughout California, Oregon, and Nevada. Sales are offering discounts of up to 50% on all of the... Read Story

December 14, 2015, 07:13 AM

Surplus capital and low interest rates are providing the currency to boost middle-market M&A activity, according to the Inside the Middle Market research report released by Brown Gibbons Lang & Company (BGL) www.bglco.com.  Please access the report... Read Story

December 11, 2015, 08:00 AM

Foresight Energy LP announced that Foresight Energy has received written notice from the Administrative Agent of the Credit Agreement, originally dated as of August 12, 2010, claiming that FELLC is in default under the Credit Agreement as a result of... Read Story

December 11, 2015, 07:18 AM

GE announced that it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a systemically important... Read Story

December 10, 2015, 08:13 AM

Constellium N.V. announced that its indirect wholly-owned subsidiary Wise Alloys LLC ("Wise") is exploring alternatives to refinance its existing asset-based lending facility, including engaging in discussions with both current and potential new... Read Story

December 10, 2015, 07:56 AM

Aligning operational risk management (ORM) with strategy is critical for financial institutions to effectively identify, assess and mitigate risks, however many have yet to fully align risk and strategy, according to a new survey report released by... Read Story

December 10, 2015, 07:41 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that it has purchased the assets of Lincoln Paper and Tissue as part of a joint venture that... Read Story

December 10, 2015, 07:17 AM

Marquette Business Credit announced that at the close of October new business commitments in 2015 jumped to $103MM, up 49% from the same time last year.  With two months still left in the year, 2015 has already proven to be the best year in MBC’s 11... Read Story

December 09, 2015, 07:38 AM

Carl Marks Advisors, a leading consulting and investment banking advisor to middle-market companies, announced that the firm has been recognized as an Outstanding Turnaround Firm for exceptional restructuring and advisory expertise it has brought to... Read Story

December 07, 2015, 07:27 AM

The Small Business Investor Alliance (SBIA), the leading association of lower middle-market private equity funds and investors, gains a significant legislative victory today as the House and Senate passed the Small Business Investment Company (SBIC)... Read Story

December 07, 2015, 07:18 AM

Asset quality reversion, growing regulatory scrutiny and profitability pressures are among the challenges facing finance and leasing companies (FLCs) globally in the coming year, supporting Fitch Ratings' negative sector outlook for 2016.The Rating... Read Story

December 04, 2015, 07:11 AM

Reflecting a steep decline in energy costs, lower inflation and slow-but-steady economic growth, the 2015 PNC Christmas Price Index (PNC CPI) experienced its lowest growth rate in six years at 0.6 percent in the whimsical economic analysis by PNC... Read Story

November 30, 2015, 07:18 AM

Accord Financial Corp. announced the launch of AccordAccess, a unique online lending program aimed at financing growth for small and medium-sized businesses across Canada. AccordAccess is a fast, flexible working capital solution that provides... Read Story

November 25, 2015, 07:44 AM

A total of $2 billion of loan defaults in November led by Millennium Health LLC pushes the trailing 12-month (TTM) default rate to 1.7% from 1.5% at the end of October, according to Fitch Ratings. Millennium's $1.8 billion Chapter 11 filing on Nov.... Read Story

November 25, 2015, 07:38 AM

Main Street Capital Corporation announced the amendment of its five-year credit facility.  The recently closed amendment provides several benefits to Main Street, including (i) a reduced interest rate on borrowings to the applicable LIBOR rate plus 1... Read Story

November 25, 2015, 07:17 AM

Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, and KKR, a leading global investment firm, announced today the $175 million asset-backed securitization of unsecured consumer loans originated... Read Story

November 20, 2015, 07:45 AM

Old Hill Partners has launched a new hedge fund to take advantage of rising interest in private debt among institutional investors. The new fund will seek to generate current income by originating and investing in the senior secured credit loans of... Read Story

November 19, 2015, 07:15 AM

Audax Group (“Audax”), a leading alternative asset management firm specializing in investments in North American middle market companies, announced the successful final close of Audax Private Equity Fund V at its hard cap of $2.25 billion of... Read Story

November 18, 2015, 07:27 AM

Sankaty Advisors, the global credit affiliate of Bain Capital, and Regiment Capital Advisors, a Boston-based investment manager, today announced the signing of a definitive agreement for Sankaty to acquire the management contracts for four portfolios... Read Story

November 17, 2015, 07:26 AM

The 2016 edition of Best Law Firms marks the fifth consecutive year global law firm Greenberg Traurig, LLP received the most overall first-tier rankings and the most first-tier metropolitan rankings in the report published by U.S. News – Best Lawyers... Read Story

November 13, 2015, 08:03 AM

GE has reached an agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Sankaty Advisors, the global credit affiliate of Bain Capital, advised and partially financed by Deutsche Bank. The... Read Story

November 09, 2015, 07:35 AM

Mackinac Commercial Credit (MCC), a wholly owned subsidiary of Mackinac Financial Corporation (MFNC) (the parent company to mBank) has announced it has been merged into mBank and is now a division of the company as of October 1, 2015. Mackinac... Read Story

November 05, 2015, 07:31 AM

SSG Capital Advisors acted as the investment banker to Thousand Oaks Holding Company, Inc.  on the sale of substantially all of the assets of Aerosol Science Laboratories, Inc. ("ASL"), Sinutopic, Inc. d/b/a Sinus Dynamics ("SD") and Topical... Read Story

October 30, 2015, 07:27 AM

U.S. middle-market companies continue to report strong revenue growth and confidence in the domestic economy, even as their level of comfort in the global economy and attitude toward investing in their business diminishes amid slowdowns in... Read Story

October 29, 2015, 07:36 AM

Bizfi, a leading FinTech company with a platform that combines aggregation, funding and a participation marketplace for small businesses announced that it originated more than $127 million in business financing in the third quarter of 2015. This... Read Story

October 27, 2015, 07:29 AM

The announcement by CIT Group Inc. that John A. Thain will retire as Chief Executive Officer (CEO) at the end of first-quarter 2016, following the announcement earlier this week that CIT's Chief Financial Officer (CFO) Scott T. Parker will depart the... Read Story

October 23, 2015, 07:51 AM

American Trailer Works (ATW), North America’s largest manufacturer of utility and cargo trailers, announced an agreement with Northpoint Commercial Finance to provide an ATW-branded inventory finance program for its broad network of independent... Read Story

October 23, 2015, 07:39 AM

CIT Group announced a series of strategic initiatives that are designed to advance the Company’s transition to a U.S. Commercial Bank. The Company announced that it would explore strategic alternatives for its $10 billion Commercial Air business, and... Read Story

October 22, 2015, 07:49 AM

OnDeck announced a major expansion of its product suite. The company now offers the online lending industry's widest range of term loans and lines of credit, designed to meet the vast and varied financing needs of small businesses.Small business... Read Story

October 21, 2015, 07:54 AM

Reuters reported that Toronto-Dominion Bank has begun laying off staff in Canada and the United States as part of a company-wide initiative to cut costs, according to two sources familiar with the matter.According to the Reuters report, TD, Canada’s... Read Story

October 19, 2015, 08:06 AM

For the first time since the financial crisis, business development companies (BDCs) are facing a relatively significant near-term maturity wall, as $1.3 billion of convertible notes and other debt issued by Fitch-rated BDCs in 2011 and 2012 are... Read Story

October 19, 2015, 07:50 AM

Palladium Equity Partners, a private investment firm with over $2.0 billion in assets under management, announced that one of its affiliates has made a significant investment in partnership with the co-founders and management of Fora Financial LLC... Read Story

October 15, 2015, 07:35 AM

Comvest Partners, a private investment firm that provides equity and debt capital to middle-market companies across North America, announced the final close of its fifth private equity fund, Comvest Investment Partners V ("the Fund"), with $893... Read Story

October 15, 2015, 07:26 AM

The National Center for the Middle Market (NCMM) and Cherry Bekaert LLP, a growth-oriented CPA firm, announced today findings from its ”Organizing for Innovation in the Middle Market” study. The research, which examined perspectives on innovation... Read Story

October 14, 2015, 07:46 AM

According to an exclusive Reuters report, GE is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co, according to a person familiar with the matter.According to the Reuters report, Wells Fargo has... Read Story

October 12, 2015, 07:54 AM

Carl Marks Advisors acted as exclusive financial advisor and investment banker to Sun & Skin Care Research, LLC, maker of the Bull Frog, NO-AD, and Ocean Potion sun care brands, in the sale of certain of its assets (including such brands) to SolSkyn... Read Story

October 12, 2015, 07:32 AM

Regions Bank and Fundation Group LLC announced an agreement that will combine the strengths of one of the nation's largest full service banks with that of a leading online lender to provide small businesses with a first of its kind, coordinated... Read Story

October 09, 2015, 07:24 AM

Golub Capital issued the second edition of the quarterly Golub Capital Middle Market Report. The report, which features the Golub Capital Altman Index, showed that private middle market companies increased revenues by 7.95% and earnings (defined as... Read Story

October 08, 2015, 07:58 AM

Mark S. Mandula, Managing Partner of United Capital Funding Corp announced today that United Capital Funding Corp. on October 1, 2015 has signed a Strategic Alliance with Yelton Capital Network, LLC, Mooresboro, North Carolina. "Due to a very strong... Read Story

October 07, 2015, 07:26 AM

Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson... Read Story

October 05, 2015, 07:57 AM

Triumph Bancorp, Inc. announced the completion of the merger of its two bank subsidiaries, Triumph Community Bank, N.A. into Triumph Savings Bank, SSB. In connection with the merger, Triumph Savings Bank, SSB, as the surviving organization, also... Read Story

October 02, 2015, 07:37 AM

Accel-KKR, a technology-focused private equity investment firm, announced the official close of its fifth buyout fund with $1.3 billion in committed capital.  The fund, Accel-KKR Capital Partners V LP ("Fund V"), will continue Accel-KKR's long-term... Read Story

September 28, 2015, 07:37 AM

Wellfleet Credit Partners announced the closing of a $360.0 million collateralized loan obligation (“CLO”), referred to as “Wellfleet CLO 2015-1.” Wellfleet CLO 2015-1 represents the debut CLO issuance for Wellfleet, the performing credit business of... Read Story

September 25, 2015, 07:18 AM

NewStar Financial Inc., an internally-managed commercial finance company, announced it completed a $398 million term debt securitization known as NewStar Commercial Loan Funding 2015-2. All floating rate classes of notes were priced at par.  NewStar... Read Story

September 22, 2015, 07:14 AM

Deloitte Corporate Finance (DCF) acted as exclusive financial advisor to Butler Burgher Group LLC (BBG) on its recapitalization with Silver Oak Services Partners LLC (Silver Oak). The acquisition closed on July 1, 2015.Founded in 1992 and... Read Story

September 17, 2015, 07:30 AM

Leading global professional services firm Alvarez & Marsal (A&M) has announced that its Global Forensic and Dispute Services group has been formally recognized by the National Security Agency’s Cyber Incident Response Assistance (CIRA) accreditation... Read Story

September 16, 2015, 07:16 AM

Finacity Corporation ("Finacity") announced it has facilitated the successful addition of an Asian originator to an existing trade receivables securitization for The Manitowoc Company, Inc. The $185 million transaction now incorporates a new division... Read Story

September 15, 2015, 07:55 AM

Applied Data Finance (“ADF”), a leading financial technology and consumer credit company, announced the launch of its Institutional Whole Loan Platform, with support from investor Colchis Capital Management (“Colchis”), to provide institutional... Read Story

September 15, 2015, 07:18 AM

Bloomberg reported KKR & Co. and Apollo Global Management are seeking to acquire GE's inventory finance arm, a unit with $11 billion in assets people familiar with the matter said.According to Bloomberg, the buyout firms made bids two weeks ago for... Read Story

September 14, 2015, 07:28 AM

Capital Southwest Corporation announced that it has formed a joint venture with Main Street Capital Corporation to form I-45 SLF LLC, a senior loan fund that will invest primarily in syndicated senior secured loans in the upper middle market. The... Read Story

September 11, 2015, 08:02 AM

Capital Solutions, LLC, a provider of asset-based lending solutions, based in Glendale, CA, has expanded its product offerings to include mezzanine financing for companies with at least $10 million in annual sales and EBITDA in excess of $1.5 million... Read Story

September 02, 2015, 07:16 AM

Hilco Streambank has been retained to sell the Santa.com trademarks and domain name. Interested parties will be invited to submit their bids privately prior to the 2015 holiday season. An auction date has not yet been scheduled. Hilco Streambank will... Read Story

September 01, 2015, 07:47 AM

Hilco Industrial and Gordon Brothers Group announced they will run a private treaty sale process to sell an extensive fleet of trucking and heavy haul equipment from Butch’s Trucking Inc., one of the nation’s premier oil and gas servicing companies... Read Story

August 31, 2015, 07:39 AM

Opus Bank announced the Small Business Administration (“SBA”) has issued a “Green Light” letter inviting Opus to continue its application process to obtain a license to form and operate a Small Business Investment Company (“SBIC”).The SBA issued a... Read Story

August 31, 2015, 07:14 AM

CIT Group Inc. announced a joint venture with funds managed by TPG Special Situations Partners (TSSP), the dedicated special situations and credit platform with over $12 billion of assets under management, and part of TPG, a leading global private... Read Story

August 27, 2015, 08:06 AM

American Seafoods, the largest harvester of wild-caught fish for human consumption in the U.S., announced it has closed a deleveraging recapitalization.  The transaction was sponsored by Bregal Partners, as well as Pacific Seafood Group and other... Read Story

August 21, 2015, 07:31 AM

After reaching a record high of $56.4B spent in 2014, the U.S. is on track to smash that record and break $70B in Venture Capital (VC) spending by the end of 2015, according to Venture Pulse Q2 ’15, the first in a global quarterly VC report series... Read Story

August 20, 2015, 07:47 AM

KPMG Corporate Finance has added a team of professionals from Ewing Bemiss & Company, a middle market boutique investment bank that provides transaction advisory services to companies in the energy, power and utilities sectors. The Ewing team has... Read Story

August 18, 2015, 07:22 AM

Hercules Offshore, Inc.'s prepackaged bankruptcy filed last week may be a leading indicator of further bankruptcies among other challenged high yield (HY) offshore drillers, according to Fitch Ratings.Hercules' restructuring plan involves the... Read Story

August 17, 2015, 07:28 AM

Small business loan approval rates through institutional investors and alternative lenders remained higher than any other category in July 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications... Read Story

August 13, 2015, 07:17 AM

Co-founders William L. Willhite (Bill) and James G. Wilmsen (Jamie) announced the formal launch of WILsquare Capital, a private equity firm formed to address the unique capital needs and growth opportunities of Midwestern and Southern businesses in... Read Story

August 12, 2015, 07:59 AM

According to a SunTrust Banks, Inc. survey, more than 17 percent of businesses plan to enter or expand into new international markets within the next five years. For many small and mid-market companies, global trade could lead to increased profits... Read Story

August 10, 2015, 07:58 AM

In an exclusive report, Reuters reported Capital One Financial is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter.According to the... Read Story

August 07, 2015, 07:52 AM

Reuters reported General Electric Co.'s GE Capital unit for now will remain designated as "systemically important" - a tag that carries greater regulatory scrutiny. Reuters cited an announcement made by a U.S. regulatory panel.The Financial Stability... Read Story

August 03, 2015, 07:25 AM

Reuters reported the U.S. Small Business Administration hit the $18.75 billion cap for its main loan guarantee program on Thursday, July 23, 2015 forcing it to halt the funding of new loans with more than two months left in the fiscal year.According... Read Story

July 27, 2015, 07:59 AM

Bloomberg reported Capital One Financial Corp. and Apollo Global Management are poised to make final bids for General Electric Co.’s health-care finance unit, people with knowledge of the matter said.According to the Bloomberg report, final offers... Read Story

July 27, 2015, 07:51 AM

Dealstruck, the online lender that provides lending solutions for small businesses at every stage of their lifecycle, announced that it received another $10 million capital investment from Community Investment Management LLC ("CIM"), an investment... Read Story

July 27, 2015, 07:26 AM

Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to Architectural Granite & Marble, Inc. on its majority recapitalization with Trive Capital. Founded in 1992 and headquartered in Austin, Texas, AG&M is a leading importer and... Read Story

July 22, 2015, 07:48 AM

The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for... Read Story

July 21, 2015, 07:47 AM

Small business alternative lending company Merchant Cash and Capital (MCC) and its family of companies, including the newly launched Bizfi, announced the origination of more than $115 million in business financing in the second quarter of 2015. This... Read Story

July 20, 2015, 07:43 AM

TD Securities U.S. announced a significant expansion to its Houston office, hiring a select team of employees that will increase its coverage of the U.S. energy sector. TD Securities also recently acquired a credit portfolio consisting of loan... Read Story

July 16, 2015, 07:26 AM

Golub Capital BDC, Inc. announced that it originated $370.5 million in new middle-market investment commitments during the three months ended June 30, 2015. Approximately 85% of the new middle-market investment commitments were one stop loans, 14%... Read Story

July 13, 2015, 07:37 AM

THL Credit Senior Loan Strategies, together with its parent, THL Credit Advisors LLC, announced that it has closed on a $616 million collateralized loan obligation ("CLO"), led by Credit Suisse. THL Credit has now closed on seven new CLOs totaling $3... Read Story

July 10, 2015, 07:50 AM

Golub Capital issued the inaugural edition of the quarterly Golub Capital Middle Market Report. The report, which features the Golub Capital Altman Index, showed that private middle-market companies increased revenues by 9.26% and earnings (defined... Read Story

July 08, 2015, 07:40 AM

Bloomberg reports that Capital One Financial Corp. and Apollo Global Management have made offers for General Electric Co.’s health-care finance unit, which could fetch more than $11 billion, according to people familiar with the matter.In addition... Read Story

June 26, 2015, 08:02 AM

Carl Marks Advisors served as the exclusive financial advisor to Coastal Concrete Southeast II, LLC (“Coastal Concrete”) in the sale of its assets to Thomas Concrete Group AB, an international producer and distributor of high-quality concrete... Read Story

June 24, 2015, 07:40 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that it has executed a definitive agreement with Rodan Transport (U.S.A) Ltd. and Hodges... Read Story

June 19, 2015, 07:50 AM

Bloomberg reported that Wells Fargo & Co. and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as whittles down its finance arm.According to the Bloomberg story, Capital One... Read Story

June 12, 2015, 07:45 AM

GE announced today that it has reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at approximately $12 billion.“We are excited to... Read Story

June 09, 2015, 07:56 AM

Bloomberg reported GE. is poised for a $12 billion deal as soon as Monday to sell more than half of its U.S. private-equity lending arm to Canada Pension Plan Investment Board while Ares Management LP seeks to buy the rest of that business, people... Read Story

June 08, 2015, 08:08 AM

Palmer Square Capital Management, a provider of structured credit, corporate credit and hedge fund strategies to a wide range of investors, announced that it has teamed up with the New York Stock Exchange (NYSE) as calculation agent and distributor... Read Story

June 08, 2015, 07:49 AM

Bloomberg reported General Electric has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its healthcare, railcar and franchise finance divisions, according to people with... Read Story

June 04, 2015, 08:04 AM

Comvest Partners announced the final closing of its third direct lending fund, Comvest Capital III ("CVC III"), with $450 million in capital commitments. The $450 million amount is above the original cap, and is substantially higher than the original... Read Story

June 03, 2015, 08:04 AM

OFS Capital, a business development company specializing in meeting the capital needs of middle-market borrowers, announced today that on May 28, 2015, it sold the majority of its lower-yielding senior club loan portfolio for approximately $67.3... Read Story

June 03, 2015, 07:37 AM

Tree Line Capital Partners completed its first closing on Tree Line Direct Lending, LP, with the addition of a commitment from the University of Texas Investment Management Company (“UTIMCO”) alongside capital from funds managed by Stone Point... Read Story

June 02, 2015, 07:09 AM

Reuters reported General Electric has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, a source familiar with the situation said on Sunday.Reuters cites a report from The Wall Street Journal... Read Story

June 01, 2015, 08:04 AM

As underwriting conditions remain relatively competitive, the slowdown in growth is positive, yet is also a result of multiple challenges to the industry. As leverage levels have trended higher in recent years, BDCs have grown, but with little... Read Story

June 01, 2015, 07:57 AM

Monroe Capital LLC announced the closing of a $412 million term debt securitization known as Monroe Capital BSL CLO 2015-1.  The term financing was Monroe’s second CLO completed in the last six months and is secured mostly by broadly syndicated... Read Story

May 29, 2015, 08:00 AM

Reuters reported that General Electric is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday.Reuters reported that... Read Story

May 28, 2015, 08:03 AM

Wells Fargo Capital Finance announced Carey Do, Managing Director of Loan Originations for Wells Fargo Capital Finance, is one of the winners of The M&A Advisor’s 40 Under 40 Emerging Leaders Awards.The M&A Advisor, renowned globally for its... Read Story

May 22, 2015, 07:23 AM

Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he... Read Story

May 21, 2015, 07:54 AM

With the possibility of rising interest rates on the horizon, middle market companies that fail to engage in any type of hedging activity are potentially leaving themselves exposed to higher costs of capital in the future. However, many of these... Read Story

May 20, 2015, 07:09 AM

NXT Capital, LLC announced the closing of NXT Capital CLO 2015-1, a $408 million CLO. The financing, NXT’s fourth CLO in as many years, is secured almost exclusively by middle-market senior secured loans originated by NXT. The CLO has a four-year... Read Story

May 14, 2015, 08:02 AM

Gordon Brothers Finance Company (GBFC) announced today that the firm has opened a new office in Stamford, Connecticut. Gordon Brothers Finance Company launched in November of last year through a strategic partnership between BlackRock Capital... Read Story

May 13, 2015, 07:40 AM

Accord Financial Corp. announced the appointment of Mr. Gary J. Prager to Accord's Board of Directors.Prager is nationally recognized as a leader in the commercial finance industry in the U.S. Spanning almost two decades with CIT, Prager was... Read Story

May 08, 2015, 07:14 AM

Gordon Brothers Group and Hilco Merchant Resources announced they will begin going-out-of-business sales at Simply Fashion and Dots retail locations nationwide beginning today, May 7th.  Gordon Brothers Group and joint venture partner, Hilco Merchant... Read Story

May 07, 2015, 07:58 AM

On Deck Capital announced it has expanded its small business lending services in Canada. Since 2007, OnDeck has delivered over $2 billion (USD) to American small businesses in more than 700 industries and has been lending in Canada since 2014. As... Read Story

April 28, 2015, 07:22 AM

Bloomberg reports Andy Moser, the co-founder and chief executive officer of Salus Capital, has left the firm following losses from its $250 million loan to RadioShack Corp. according to four people familiar with the situation.The departure comes as... Read Story

April 27, 2015, 08:03 AM

In a recent article, CFO.com's Joe St. Denis notes CFOs are well aware of the more common ingredients of financial fraud: bogus or premature revenue recognition, improper capitalization or valuation of assets, and the misuse of accruals to smooth... Read Story

April 27, 2015, 07:26 AM

Bloomberg reported SunTrust, Apollo Global Management and Ares Management are weighing offers for a General Electric unit that lends to private-equity firms, people familiar with the matter said.Bloomberg reports that concern over possible staff... Read Story

April 27, 2015, 07:21 AM

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that  on Wednesday, Apr. 22, the Wells Fargo Capital Finance team in the UK took home the 2015 Asset-Based Lender of the Year award at the 14th Annual Private Equity Awards in... Read Story

April 24, 2015, 07:41 AM

B. Riley Financial announced the formation of Great American Capital Partners, LLC (GACP) with an anchor investment from Corporate Capital Trust, Inc., a business development company advised by CNL Financial Advisors Company and KKR Credit Advisors... Read Story

April 21, 2015, 07:13 AM

Monroe Capital LLC announced that the U.S. Small Business Administration (“SBA”) has selected an investment fund managed by Monroe Capital as the Small Business Investment Company (“SBIC”) of the Year.The SBIC program was created by Congress in 1958... Read Story

April 21, 2015, 07:10 AM

Reuters reported that General Electric is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.According to... Read Story

April 21, 2015, 07:06 AM

Bloomberg reported General Electric has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its lending business, Chief Financial Officer Jeff Bornstein said.According to the Bloomberg... Read Story

April 20, 2015, 07:40 AM

LSQ Funding Group, a leading technology-enabled provider of working capital solutions for small- and mid-sized businesses, announced that it has received a capital investment of over $100 million in a transaction led by Lovell Minnick Partners LLC, a... Read Story

April 16, 2015, 08:12 AM

GE today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial... Read Story

April 10, 2015, 07:17 AM

Tiger Capital Group has relocated its New York office and formally designated the new site as its first corporate headquarters. The international asset valuation, advisory and disposition firm moved to 99 Park Avenue from 708 Third Avenue, where it... Read Story

April 03, 2015, 07:13 AM

Clear Thinking Group announced that it is forming a strategic partnership with Threadstone Advisors in order to expand its portfolio of services to include M&A advisory and capital procurement. Working collaboratively with Threadstone will allow... Read Story

April 01, 2015, 07:18 AM

From the first quarter Phoenix Management "Lending Climate in America" Survey, results show increased expectations for domestic commercial lending over the next six months. In Q1 2015, domestic lending expectations increased in all categories when... Read Story

March 31, 2015, 07:44 AM

Austin Financial Services, Inc. and Diamond Creek Capital, LLC (DCC) announced their formation of a strategic alliance. The alliance of DCC, a special situations cash flow and enterprise value lender, and Austin, a privately funded asset based lender... Read Story

March 30, 2015, 08:07 AM

Capitala Finance Corp. has formed a joint venture with Trinity Universal Insurance Company, a subsidiary of Kemper Corporation, to create Capitala Senior Liquid Loan Fund I, LLC ("CSLLF"). The joint venture is expected to invest primarily in senior... Read Story

March 26, 2015, 07:31 AM

Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that it has partnered with management to complete the acquisition of CJ Fallon Limited ("CJ Fallon" or the "Company"). Based in Dublin, Ireland, CJ... Read Story

March 26, 2015, 07:16 AM

Victory Park Capital Advisors, LLC (Victory Park Capital) announced that it has been retained by a newly formed, U.K.-based investment company to serve as investment manager. The company, VPC Specialty Lending Investments PLC, announced the... Read Story

March 25, 2015, 07:29 AM

A rising economy and the increased availability of financing continue to give middle market company founders, and their private equity partners, reason to sell their companies and take advantage of high exit multiples. Lenders and banks are eager to... Read Story

March 24, 2015, 07:26 AM

CFO.com reports Goldman Sachs BDC opened trading on the New York Stock Exchange Wednesday after raising $120 million in an initial public offering. The firm is the latest business development company (BDC) backed by a Wall Street investment bank that... Read Story

March 20, 2015, 07:35 AM

Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in February 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan... Read Story

March 18, 2015, 07:26 AM

K2 Capital Partners, a Los Angeles-based investment firm announced that it successfully held the final closing of its debut fund on February 27, 2015. Investors in K2 Capital Partners include leading investment institutions, family offices, and high... Read Story

March 17, 2015, 07:01 AM

 In 2014 global structured finance upgrades exceeded downgrades for the first time since the financial crisis, Fitch Ratings says. 12% of ratings improved while 7% were downgraded. The 'AAAsf' level exhibited the most stability, as almost 99% of... Read Story

March 17, 2015, 07:00 AM

Garrison Capital announced that its wholly-owned subsidiary, Garrison Capital SBIC LP has received final committee approval for a license from the United States Small Business Administration (the "SBA") to operate as a Small Business Investment... Read Story

March 17, 2015, 06:57 AM

The Wall Street Journal reports that General Electric Co. is considering making deeper cuts to GE Capital, having decided the returns from lending are no longer worth the ire it provokes among investors, people familiar with the matter said.According... Read Story

March 12, 2015, 07:53 AM

Reuters reports Noble Group Ltd is now seeking an increased size of $3 billion to refinance debt coming due in May, even as it remains embroiled in a controversy over an obscure research firm's allegations of employing improper accounting rules.The... Read Story

March 09, 2015, 07:18 AM

Online direct lender Dealstruck, Inc. announced the launch of its newest financing product, the Inventory Line of Credit (ILC). Designed to meet the needs of growing, profitable businesses with recurring needs to purchase inventory -- wholesalers... Read Story

March 05, 2015, 07:14 AM

SunTrust Robinson Humphrey (STRH) announced the alignment of its Technology, Media & Telecom (TMT) Investment Banking Industry Practice Group. The TMT group will leverage market leading industry insight, capital markets expertise and cross sub-sector... Read Story

March 04, 2015, 07:51 AM

AlixPartners, the global business advisory firm, announced that it had earned three major recognitions at M&A Advisors’ Annual Turnaround Awards, with Managing Director Randall S. Eisenberg receiving the 2015 Leadership Award, and the Firm earning... Read Story

February 27, 2015, 07:24 AM

SSG Capital Advisors acted as the investment banker to Mark Group, Inc. in the sale of its utility business operations to ESB Holdings, Inc. in a management buyout. The transaction closed in January 2015. Mark Group's parent company is based in the U... Read Story

February 25, 2015, 07:27 AM

The M&A Advisor is proud to announce that Peter S. Kaufman, President and Head of Restructuring and Distressed M&A at Gordian Group, Randall S. Eisenberg, Managing Director and Co-Head of the Turnaround & Restructuring Services practice at... Read Story

February 23, 2015, 07:23 AM

Community Housing Capital (CHC), a community development financial institution (CDFI) and national community development lender, announced today a $5 million investment from TD Bank. This three-year credit facility will support CHC’s lending... Read Story

February 23, 2015, 07:17 AM

Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced it will strengthen its capabilities in the asset liquidation industry through an investment in Yellen Partners, LLC (Yellen Partners)... Read Story

February 18, 2015, 07:19 AM

Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services,has signed a definitive agreement to become the majority investor in Engs Commercial Finance, a vendor-based commercial lender that provides lease and... Read Story

February 11, 2015, 07:17 AM

OurCrowd, the leading equity crowdfunding platform for accredited investors, announced that it lead a $16M Series E funding round for Borro, the UK-NY based, asset-backed online lender. OurCrowd was joined by Rocket Internet AG (RKET), Canaan... Read Story

February 10, 2015, 07:39 AM

Deloitte Corporate Finance LLC ("DCF") acted as exclusive financial advisor to Bankers Healthcare Group, Inc. ("BHG"), a leading full-service commercial loan provider to healthcare professionals nationwide, in receiving a minority investment from... Read Story

February 09, 2015, 08:06 AM

Store closing sales started today at over 1,700 RadioShack locations throughout the country. RadioShack, one of America's largest consumer electronics retailers, filed for Chapter 11 Bankruptcy Protection and has engaged a joint venture comprising... Read Story

February 09, 2015, 07:50 AM

Target Canada announced that Gordon Brothers Group, Hilco Global (through its Canadian division, Merchant Retail Solutions) and affiliates of Great American Group will begin store closing sales at all Target Canada retail locations beginning tomorrow... Read Story

February 05, 2015, 07:31 AM

Second-lien energy loans account for 23% of the total outstanding $40 billion, the highest percentage of any sector and well above the 8% overall market figure at the end of 2014, according to Fitch Ratings.The high price of oil and, importantly, the... Read Story

February 04, 2015, 07:23 AM

MidCap FinCo Limited (together with its subsidiaries, “MidCap Financial”), in alliance with its investment manager, Apollo Capital Management, L.P., an affiliate of Apollo Global Management, announced the launch of an innovative direct origination... Read Story

February 03, 2015, 08:05 AM

Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for RadioShack Corp, the struggling consumer electronics retailer, the Wall Street Journal and Reuters reported on Feb. 1, citing people familiar with the... Read Story

February 02, 2015, 07:41 AM

As the Federal Reserve holds firm on keeping interest rates the lowest in decades, while ceasing to pump up stocks with quantitative easing – causing increased market fluctuations – enthusiasm will remain elevated for investors seeking a high... Read Story

January 29, 2015, 07:13 AM

NXT Capital, LLC announced the closing of NXT Capital Senior Loan Fund III, LP, a leveraged loan fund that will invest in first and second lien loan transactions originated and underwritten by NXT Capital’s Corporate Finance Group. Transactions... Read Story

January 28, 2015, 08:08 AM

GE Capital’s Telecom, Media and Technology (TMT) financing business announced it completed more than 50 transactions totaling $5 billion during 2014, including $1.3 billion across 17 technology sector transactions. The TMT business addressed the... Read Story

January 23, 2015, 07:50 AM

NewStar Financial anounced that it has closed the NewStar Clarendon Fund CLO (the "Clarendon Fund" or the "Fund"), a $400 million middle market CLO used to provide leverage for a managed credit fund anchored by an investment from funds sponsored by... Read Story

January 16, 2015, 07:39 AM

From the fourth quarter Phoenix Management "Lending Climate in America" Survey, results show a changing lending environment. For the first time since Q4 2010, more lenders expect their financial institution to tighten their loan structures than relax... Read Story

January 13, 2015, 08:00 AM

GE Capital’s Healthcare Financial Services (HFS) business provided more than $10.5 billion in financing to customers across more than 240 transactions in 2014, an increase of 20% percent from the prior year. For the third consecutive year, GE Capital... Read Story

January 13, 2015, 07:19 AM

GE Antares, a unit of GE Capital, announced today it closed more than 200 senior loan transactions with corporate borrowers across 88 private equity firms, including 62 new platforms, totaling more than $27 billion in financing in 2014, making it the... Read Story

January 12, 2015, 08:05 AM

Deloitte Corporate Finance LLC (DCF) acted as the financial advisor to MRS BPO, LLC (“MRS”) on its investment in American Capital Recovery, Inc. (“American Capital Recovery”).  With MRS’ investment in American Capital Recovery, MRS will be able to... Read Story

January 09, 2015, 07:39 AM

Hilco Brands, a division of Chicago-based Hilco Global,  and one of the owners of the iconic fashion label Halston, announced this week that Halston sold its H by Halston and H Halston brands to New York-based Xcel Brands, Inc. and retained its... Read Story

January 07, 2015, 07:23 AM

Accelerating loan growth accompanied by eased underwriting is a leading concern for U.S. banks in the Office of the Comptroller of the Currency's (OCC) semiannual Risk Perspective Report released in late December. The report, a review of key risks... Read Story

December 30, 2014, 08:12 AM

Gordon Brothers Group, Hilco Global and Pohlad Family Capital Fund (PFCF) announced today that PFCF and another family office investor have acquired interests in PLR IP Holdings, LLC, the owner of the Polaroid brand and related intellectual property... Read Story

December 30, 2014, 07:54 AM

Ritchie Bros. Auctioneers sold approximately $4.2 billion of equipment through 349 unreserved auctions and its online equipment marketplace during 2014. This is a new annual record for the company, and represents a 10.5% increase in gross auction... Read Story

December 30, 2014, 07:13 AM

Low interest rates, strong economic growth, strong balance sheets, and a lack of commitment from large banks will keep the market strong for asset-backed lending for small and medium-sized businesses in 2015, says Old Hill Partners Inc., in its 2015... Read Story

December 23, 2014, 07:33 AM

Bruce Van Saun, Chairman and CEO of Citizens Financial Group issued the following statement this morning:“It is with deep sadness that I announce that Robert Matthews, Vice Chairman of Commercial Banking and a member of the Citizens Financial Group... Read Story

December 22, 2014, 07:51 AM

Strategic Value Partners, a leading global investment firm focused on distressed and deep value opportunities, today announced the successful final closing of Strategic Value Special Situations Fund III ("SVSS III" or the "Fund"). The Fund raised a... Read Story

December 11, 2014, 06:52 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 the restructuring of the John Forsyth Shirt Company was named the M&A Advisor... Read Story

December 09, 2014, 07:15 AM

NewStar Financial Inc., a specialized commercial finance company, GSO Capital Partners ("GSO"), the credit division of the Blackstone Group), and Franklin Square Capital Partners, the largest manager of business development companies, announced today... Read Story

December 05, 2014, 07:39 AM

SSG Capital Advisors acted as the investment banker to A to Z Tire & Battery, Inc. in the placement of a $21 million revolving credit facility.  Proceeds will be used to refinance existing indebtedness and provide capital to support the Company's... Read Story

December 03, 2014, 07:38 AM

Deloitte Corporate Finance LLC (“DCF”) acted as the exclusive financial advisor to Specialty Commodities, Inc. (“SCI”), a portfolio company of Goldner Hawn Johnson & Morrison, Inc. (“GHJ&M”), in its sale to Archer Daniels Midland Company (“ADM”). ... Read Story

December 02, 2014, 07:25 AM

In a recent article, Forbes reported that directly investing in small and middle-market companies is becoming more appealing to family offices. While many still commit monies to private equity and venture capital funds, there is a strong and growing... Read Story

December 01, 2014, 07:57 AM

Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies. According to the Bloomberg report, the Fed asked for public comment today on its regulation... Read Story

November 26, 2014, 07:44 AM

Large banks continue to eschew lower middle-market loans because of heightened regulatory scrutiny and unattractive risk-adjusted spreads as they concentrate on larger, more fertile customers, says Old Hill Partners Inc., in its latest market... Read Story

November 25, 2014, 07:35 AM

FTI Consulting announced the results of a new study, State of Transaction Opinions, which examines attitudes on how well fairness and solvency opinions hold up to the scrutiny associated with post-transaction litigation. The poll of transaction... Read Story

November 19, 2014, 07:03 AM

BMO Capital Markets, the investment & corporate banking arm of BMO Financial Group, is adding trade finance booking capabilities in Hong Kong as it moves to serve more trade in Asia.Upgrading its Trade Finance capability in Hong Kong, a huge global... Read Story

November 18, 2014, 08:04 AM

Triumph Bancorp, Inc. announced it has completed its initial public offering of 6.7 million shares of its common stock at a price to the public of $12.00 per share. Triumph's common stock began trading on the NASDAQ Global Select Market on November 7... Read Story

November 14, 2014, 07:19 AM

Capital markets activity continues to accelerate, as the likelihood of rising interest rates looms in the near future, which means now is the ideal time for borrowers to explore interest rate hedges. These insights and others are shared by Neil... Read Story

November 13, 2014, 07:41 AM

NewStar Financial, a specialized commercial finance company, GSO Capital Partners, the credit division of Blackstone, and Franklin Square Capital Partners, the largest manager of business development companies, announced today that they have formed a... Read Story

November 06, 2014, 07:44 AM

Sound Harbor Partners announced the closing of Sound Harbor Loan Fund 2014-1, a Collateralized Loan Obligation ("CLO") fund totaling $457 million. The fund invests primarily in USD-denominated senior secured corporate loans.The transaction is Sound... Read Story

November 03, 2014, 07:37 AM

Burdale Financial Limited (Burdale), a Wells Fargo company said that it will adopt the trade name Wells Fargo Capital Finance. Wells Fargo Capital Finance is a leader in asset-based finance in the U.S., and acquired Burdale in February 2012. Wells... Read Story

October 29, 2014, 07:34 AM

TPG Specialty Lending, Inc. (TSL) has favorably amended and extended its senior secured revolving credit facility (“the amended facility”) with its bank group. The amended facility has a borrowing rate of LIBOR plus 200 basis points, a 25 basis point... Read Story

October 27, 2014, 07:18 AM

Venture capitalists invested $9.9 billion in 1,023 deals in the third quarter of 2014, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson... Read Story

October 17, 2014, 07:41 AM

Carl Marks & Co. (Carl Marks), a leading middle-market merchant bank with nearly 90 years of history and a track record of incubating investment businesses, has entered into a new partnership, the first in its renewed drive to build businesses on its... Read Story

October 16, 2014, 07:38 AM

The Small Business Investor Alliance (SBIA), the leading association for lower middle-market private equity funds and investors, today announced that Small Business Investment Companies (SBICs) invested $5.4 billion in FY 2014.  This represents a 54%... Read Story

October 15, 2014, 07:38 AM

Essar Steel Algoma Inc. (Algoma) announced it intends to launch a comprehensive refinancing of its current capital structure, beginning with investor meetings, including a bank meeting with investors on Oct. 15, 2014.As part of the refinancing... Read Story

October 13, 2014, 07:41 AM

American Capital, Ltd. has closed American Capital Equity III, LP ("ACE III"), its new private equity fund focused on investing in U.S. companies in the lower middle market.  The transaction further expands American Capital's asset management... Read Story

September 25, 2014, 07:56 AM

Analysts with GA Advisory and Valuation Services, LLC, a division of Great American Group, Inc., report that pricing has increased for a number of non-ferrous metals in recent months amid tight physical supplies, despite lackluster demand in certain... Read Story

September 24, 2014, 07:33 AM

CIT Group announced the launch of View from the Middle™ (VftM), its rebranded content marketing program that will offer business insights and trends, specific industry expertise and content of value to executives in companies of all sizes.Insights... Read Story

September 24, 2014, 07:14 AM

Business development companies (BDCs) are increasingly using off balance sheet investment vehicles called senior secured loan programs (SSLPs) to increase their effective portfolio leverage without running afoul of regulatory limits on balance sheet... Read Story

September 23, 2014, 08:03 AM

BlackArch Partners announced the sale of Tri-Northern Acquisition Holdings, Inc. (“Tri-Ed” or the “Company”), a portfolio company of Audax Group, to Anixter International Inc. for a purchase price of $420 million, subject to ‎working capital, escrow... Read Story

September 19, 2014, 07:27 AM

Monroe Capital announced the closing of a $358 million term debt securitization known as Monroe Capital CLO 2014-1, Ltd.  The term financing was Monroe’s first CLO since the financial crisis and is secured mostly by middle-market senior secured loans... Read Story

September 18, 2014, 05:58 AM

Super G Funding, LLC, a leading national provider of residual and cash flow based loans to small and midsize businesses, announced that it has held its first closing as part of a $100 million fund commitment from Inmost Discovery Capital LLC, a... Read Story

September 15, 2014, 07:09 AM

Molycorp, Inc. ("Molycorp" or the "Company") announced the successful close of its previously announced $400 million financing arrangement with certain investment vehicles affiliated with Oaktree Capital Management, L.P. (collectively... Read Story

September 12, 2014, 07:13 AM

Education Management Corporation, one of the largest providers of post-secondary education in North America, has finalized a Restructuring Support Agreement previously announced on Aug. 27, 2014. Creditors holding in excess of 94 percent of the... Read Story

September 08, 2014, 07:48 AM

The motorsports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is healthy and growing, according to performance data from GE Capital, Commercial Distribution... Read Story

September 05, 2014, 07:11 AM

Fifth Street Management ("Fifth Street") announced the closing of Fifth Street Senior Loan Fund II, LLC ("SLF II"), a $305 million multi-tranche financing facility that will invest in middle-market senior secured loans. SLF II raised capital in... Read Story

September 03, 2014, 07:13 AM

GE Capital’s Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown... Read Story

September 02, 2014, 07:13 AM

NexBank Capital, Inc., a fully-integrated financial services company, has announced the completion of the final tranche of a successful $40 million bank term loan from multiple lenders.The loan closed fully subscribed with commitments received from a... Read Story

August 28, 2014, 07:19 AM

Brown Gibbons Lang & Company (BGL) announced the recapitalization of Hynes Industries, Inc. and Hynes Kokomo, LLC ("Hynes") by Resilience Capital Partners. Members of the Bresnahan family will retain a minority ownership stake in the business.  The... Read Story

August 27, 2014, 07:08 AM

Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, announced that it will invest $100 million in Upstart loans over the next two years. Based in Palo Alto, Calif. Upstart is a lending platform... Read Story

August 21, 2014, 07:52 AM

Cole Taylor Business Capital is now MB Business Capital as MB Financial, Inc. completed its acquisition of Taylor Capital Group, Inc.  In commenting on the transaction, MB Financial Bank President and Chief Executive Officer Mark A. Hoppe, said, “The... Read Story

August 20, 2014, 07:08 AM

Square has secured an investment from Victory Park Capital to significantly expand Square Capital. This small business financing program helps businesses grow by giving them access to funds in a quick and simple way. The investment will allow Square... Read Story

August 20, 2014, 07:03 AM

Golub Capital BDC, Inc.  announced that RGA Reinsurance Company ("RGA") has reached an agreement with United Insurance Company of America ("United Insurance") pursuant to which United Insurance has transferred its interest in Senior Loan Fund LLC... Read Story

August 18, 2014, 07:26 AM

Hitachi Government Finance, a division of Hitachi Capital America Corp., announced a new partnership with Lafayette Federal Credit Union. The partnership allows the two organizations to combine their resources to offer government receivables... Read Story

August 13, 2014, 07:25 AM

Tiger Capital Group announced the launch of an Australian-based venture focused on bringing leading-edge asset advisory, valuation and liquidity services, as well as debt and equity capital, to the Australian marketplace. The launch of Tiger Asset... Read Story

August 11, 2014, 07:50 AM

Carl Marks Advisors (“Carl Marks”) announced that partners, Mark Claster, Warren Feder, Duff Meyercord, Evan Tomaskovic, and Christopher Wu have been recognized in the latest Special Report on Outstanding Investment Banking Firms by Turnarounds &... Read Story

August 08, 2014, 07:29 AM

Gavin/Solmonese Managing Director Wayne P. Weitz was recently elected to the board of directors of The People’s Emergency Center (PEC), a West Philadelphia agency dedicated to nurturing families, strengthening neighborhoods and driving change in West... Read Story

August 08, 2014, 07:00 AM

Even in the midst of significant changes, in large part due to the Affordable Care Act, private equity firms continue to seek out deals in the healthcare sector. Due to consistent demand, an aging population and constant innovation that continue to... Read Story

August 06, 2014, 06:50 AM

Deloitte Corporate Finance LLC (“DCF”) acted as the exclusive financial advisor to Dallas-based Rent A Toll, Ltd. (“Rent A Toll” or the “Company”) in its sale of substantially all its assets to American Traffic Solutions, Inc. (“ATS”).  Rent A Toll... Read Story

August 06, 2014, 06:30 AM

KKR and Preferred Sands, one of North America’s largest producers of sand and resin coated proppants, today announced the signing of definitive agreements under which KKR, in conjunction with Jefferies LLC, has committed to provide a comprehensive... Read Story

July 28, 2014, 07:08 AM

Consonance Capital Partners (“CCP”), the private equity arm of Consonance Capital, a leading healthcare-focused investment firm, announced the final closing of its $500 million healthcare private equity fund. The fund was oversubscribed, surpassing... Read Story

July 22, 2014, 07:28 AM

Optimism regarding the direction of the domestic economy remained positive among U.S. industrial manufacturers during the second quarter of 2014, according to the Q2 2014 Manufacturing Barometer, released by PwC US.  In addition to the positive... Read Story

July 21, 2014, 07:19 AM

Burlington Stores, a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, announced the launch of a debt refinancing transaction and provided updated comparable store sales guidance for the second quarter... Read Story

July 18, 2014, 08:06 AM

Alvarez & Marsal Real Estate Advisory Services announced it is assisting the U.S. Navy in a search for a developer for a 12-acre site in Southern Maryland. The Navy has issued a request for qualifications for a lease opportunity at Navy Recreation... Read Story

July 09, 2014, 07:15 AM

Z Capital Partners announced the final close of Z Capital Partners Special Situations Fund II, L.P. ("Fund II") on June 30, 2014, with total capital commitments of $750 million. Fund II generated significant interest from investors and exceeded its... Read Story

July 07, 2014, 07:46 AM

Hilco Streambank has been retained by PoshBrands LLC to conduct a sale of assets, including its IP portfolio of trademarks, domain names, and customer list. Posh Brands, LLC operates as an e-commerce retailer of upscale furniture and interior design... Read Story

July 03, 2014, 07:31 AM

NewStar Financial has increased the size of the NewStar Arlington Senior Loan Program (the "Arlington Fund" or the "Program") to $400 million and completed a term debt securitization to provide leverage for the Program. The Arlington Fund was formed... Read Story

July 02, 2014, 07:27 AM

Hilco Streambank announced the successful completion of its most recent online auction of IP addresses on IPv4Auctions.com.  Registered bidders from around the world were able to place bids and watch the auctions in real-time. Auction blocks sold for... Read Story

June 30, 2014, 07:24 AM

American Stock Transfer & Trust Company, LLC (AST) announced that its affiliate, AST Fund Solutions, LLC, has completed its purchase of Donlin, Recano & Company, Inc. (Donlin Recano). The company offers leading bankruptcy claims administration and... Read Story

June 27, 2014, 07:17 AM

Amid heightened competition and regulatory uncertainty, the private equity industry is exhibiting growing confidence and appetite for investment. A study jointly released by global valuation and corporation finance advisor, Duff & Phelps, and... Read Story

June 25, 2014, 07:08 AM

Versa Capital Management, LLC (Versa) announced it has created BCC Software (BCC) as a new company independent of its former parent, Bell and Howell, LLC. BCC has a broad reputation as an industry leader in postal software solutions and data... Read Story

June 23, 2014, 08:01 AM

A notable share of U.S. small businesses and middle-market companies are obtaining credit from non-bank providers. The most troubling news for banks—and possibly for regulators: nine out of ten companies that borrowed from these alternative lenders... Read Story

June 19, 2014, 07:52 AM

The Solvenz Group announced the launch of Solvenz Energy & Petroleum (Solvenz E&P), asset-backed lending platform operating in the U.S. and Canada. Solvenz E&P, through its bankruptcy remote special purpose series of companies will provide... Read Story

June 11, 2014, 07:50 AM

Golub Capital BDC, Inc., a business development company, announced today that on June 5, 2014 its wholly-owned and consolidated subsidiary, Golub Capital BDC CLO 2014 LLC (the "Issuer"), completed its previously announced $402 million term debt... Read Story

June 09, 2014, 07:27 AM

Great American Group, Inc., a leading provider of asset disposition and financial advisory services, announced the closing of its previously announced $51.4 million private placement offering through the sale of approximately 10.3 million shares of... Read Story

June 06, 2014, 07:13 AM

Shore Capital Partners, a Chicago-based healthcare focused private equity firm, announced today that it has successfully completed fundraising for Shore Capital Partners Fund I (“Fund I”), which was substantially oversubscribed and closed with $112.5... Read Story

June 05, 2014, 07:19 AM

Capital One Bank today introduced Capital One Multifamily Finance, a commercial real estate organization that combines Capital One’s balance sheet and agency lending groups into a single entity. The announcement marks the next stage in Capital One’s... Read Story

June 03, 2014, 06:42 AM

LBC Credit Partners ("LBC”) announced the closing of LBC Credit Partners III, L.P. (“LBC III”) fund, with $839 million of equity capital commitments. This exceeded both its target of $650 million and its initial hard cap of $800 million.  The new... Read Story

May 30, 2014, 07:44 AM

First Capital, a commercial finance company with a national presence, announced it has originated 14 deals with $100 million of new credit lines in 2014.  Working capital lines of credit were extended to small and medium-sized businesses in... Read Story

May 22, 2014, 07:11 AM

An anticipated wave of mergers and acquisitions by larger middle-market companies could have a ripple effect on smaller middle-market businesses, according to Cindy Crotty, head of KeyBank’s Business Banking and Middle Market banking segments.The May... Read Story

May 19, 2014, 07:16 AM

TAB Bank announced the introduction of a new and innovative loan product called Flex ABL. This new product combines the flexibility of a factoring line of credit with the structure of an asset-based lending facility. As an industry leader in... Read Story

May 16, 2014, 07:21 AM

NXT Capital announced the closing of NXT Capital CLO 2014-1, a $357 million collateralized loan obligation (CLO). The financing, NXT’s third CLO in three years, is secured almost exclusively by middle-market senior secured loans originated by NXT and... Read Story

May 14, 2014, 07:41 AM

Fifth Street Finance Corp. announced that it has formed a joint venture with Trinity Universal Insurance Company ("Trinity"), a subsidiary of Kemper Corporation, to create Senior Loan Fund JV I, LLC ("SLF JV I"). The joint venture is expected to... Read Story

May 09, 2014, 07:46 AM

Merger, acquisition and leveraged buyout activity levels will continue to rise in the U.S. mid-market, according to a new survey of middle market dealmakers by GE Antares Capital, the leading lender for private equity-backed middle market... Read Story

May 09, 2014, 07:34 AM

Bloomberg reports that AllianceBernstein Holding raised $500 million and hired a team from a Barclays unit that was divested last year to start a middle-market lending business. The investment-management firm hired five people, led by Brent... Read Story

April 28, 2014, 07:36 AM

NewStar Financial Inc., a specialized commercial finance company, announced that it completed a $348 million term debt securitization known as NewStar Commercial Loan Funding 2014-1. All floating rate classes of notes were priced at par and the... Read Story

April 24, 2014, 07:04 AM

Huron Consulting Group announced that it has established Huron Transaction Advisory LLC to provide broker-dealer, corporate finance and investment banking services to new and existing clients. “Combined with our existing platform of services, our... Read Story

April 22, 2014, 08:00 AM

Five shareholders from the international law firm Greenberg Traurig LLP have been named 2014 “Rising Stars” by Law360. According to the publication, the 2014 Rising Stars list includes 163 attorneys under 40, chosen from more than 1,000 entries... Read Story

April 21, 2014, 06:50 AM

According to a Bloomberg article, CIT Group agreed to sell its student lending business to Nelnet Inc. for about $1.1 billion.Most of the proceeds will be used to repay debt secured by student loans, leading to a net gain in the second quarter, CIT... Read Story

April 17, 2014, 06:53 AM

According to a recent survey of more than 1,000 merger and acquisition (M&A) professionals, investors and advisors conducted by KPMG LLP, the audit, tax and advisory firm, 44 percent indicated that M&A activity will be highest this year among... Read Story

April 15, 2014, 07:19 AM

Euronet Worldwide, Inc., a leading global electronic payments provider and distributor, announced the amendment and expansion of its secured credit facility with a syndicate of financial institutions. The new agreement increases the revolving portion... Read Story

April 11, 2014, 07:11 AM

Deloitte Corporate Finance LLC ("DCF") is acting as financial advisor to California-based Solid Concepts Inc. ("Solid Concepts"), the largest independent additive manufacturing service bureau in North America, in its sale to Stratasys Ltd. (NASDAQ:... Read Story

April 07, 2014, 07:26 AM

Bibby Financial Services announced the addition of asset based lending to its financial products portfolio. “At Bibby Financial Services we provide access to working capital through factoring, or accounts receivable financing,” said Leigh Lones, CEO... Read Story

April 03, 2014, 07:47 AM

MiraMed Global Services (MiraMed), headquartered in Jackson, Michigan, is pleased to announce that it has engaged Deloitte Corporate Finance LLC (DCF) to provide corporate finance advisory services to assist MiraMed in identifying and executing... Read Story

April 03, 2014, 07:41 AM

TCP Capital Corp., a business development company ("BDC"), today announced that its wholly-owned subsidiary, TCPC SBIC, LP, has received final committee approval for a license from the United States Small Business Administration (the “SBA”) to... Read Story

April 03, 2014, 07:38 AM

GlassRatner Advisory & Capital Group announced the formation and registration of a related broker-dealer, GlassRatner Securities, LLC. The formation of an SEC registered and FINRA and SIPC member broker-dealer to pursue more Investment Banking... Read Story

March 28, 2014, 07:36 AM

Fifth Street Senior Floating Rate Corp. announced that it and GF Funding 2014, an entity controlled by the Glick family, have signed a Letter of Intent to form a strategic partnership to co-invest primarily in senior secured loans of middle-market... Read Story

March 19, 2014, 08:03 AM

Eastern Funding LLC, one of the country's leading commercial finance companies, has achieved a new milestone in financing small business loans. With customers operating in multiple industries across the United States, Eastern Funding's $1 Billion in... Read Story

March 19, 2014, 07:19 AM

EverBank and the commercial finance industry at large is mourning the loss of industry leader and ELFA Director Jim McGrane, who passed away on March 13. EverBank has provided the following statement: It is with heavy hearts that we tell you that... Read Story

March 17, 2014, 07:57 AM

The removal of business development companies (BDCs) from the S&P and Russell indices will likely reduce the liquidity of their shares and increase their cost to raise equity in the near-term, according to Fitch. The removals involved 33 BDCs... Read Story

March 14, 2014, 07:43 AM

TPG Specialty Lending, Inc. announced that it plans to make an initial public offering of 7,000,000 shares of its common stock. TSL also plans to grant the underwriters an overallotment option to purchase up to an additional 1,050,000 shares of... Read Story

March 12, 2014, 07:35 AM

LLR Partners announces the final closing of LLR Equity Partners IV, L.P. (“LLR 4”), a $950 million private equity fund that builds on the firm’s 15-year history of investing in and partnering with middle-market growth companies. The firm thanks its... Read Story

March 07, 2014, 07:23 AM

A Reuters article notes that Washington D.C. law and lobbying firm Patton Boggs is working with restructuring lawyers as it deals with waning revenue and continues to discuss a merger with a larger law firm. The article cites information obtained... Read Story

March 05, 2014, 07:48 AM

Anderson Kill, a national law firm, has announced that it has formed a Banking and Lending Group to consolidate the services its attorneys provide to banks and other financial institutions. The group will be chaired by Inez M. Markovich, a... Read Story

March 05, 2014, 07:06 AM

SSG Capital Advisors, LLC (“SSG”), a leading independent special situations investment bank, announced the formation of Global Special Situations M&A (“GSSMA” or the “Alliance”) along with founding partner firms, Saxenhammer & Co., based in Germany... Read Story

March 04, 2014, 07:18 AM

The demand for lending in the middle market is robust, according to Jeff Kilrea, Co-Head and Managing Director of CIT Sponsor Finance at CIT Group, Inc., a leading provider of financing and advisory services to small businesses and middle market... Read Story

March 04, 2014, 06:56 AM

Monroe Capital Corporation, a business development company, today announced that its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP ("MCC SBIC"), has received approval for a license from the United States Small Business Administration (... Read Story

March 03, 2014, 07:51 AM

TBS Factoring Service announced that it is expanding beyond its transportation roots to serve a broad range of businesses in the United States through TBS Capital Funding, a newly formed subsidiary. TBS Capital Funding will be headed by Senior Vice... Read Story

March 03, 2014, 07:47 AM

After over 25 years in business, Dots, LLC, an Ohio-based women’s fashion discount retailer, is closing its doors.  The company filed for Chapter 11 protection on January 20, 2014.  On February 27th, Gordon Brothers Group, a global advisory... Read Story

February 28, 2014, 07:32 AM

Leading global professional services firm Alvarez & Marsal (A&M) has formed a dedicated global Enterprise Services practice to guide companies through reframing their operations to better compete in the evolving as-a-service economy. Several... Read Story

February 27, 2014, 07:20 AM

According to a recent poll by KPMG LLP, the U.S. audit, tax and advisory firm, middle-market executives anticipate a shift from opportunistic deals to corporate M&A, which will be driving activity in the 2014 credit markets. "Over the last few years... Read Story

February 26, 2014, 07:48 AM

Smaller U.S. banks with assets of less than $10 billion are stepping up M&A activity at a time when weak organic growth prospects and rising regulatory costs are driving a need for increasing scale, according to Fitch Ratings. Fitch believes that... Read Story

February 24, 2014, 07:17 AM

Hitachi Business Finance and the newly-formed Hitachi Government Finance are now offering businesses more options to capital through the formation of a new government receivables division. Located conveniently between Baltimore and Washington, D.C.... Read Story

February 21, 2014, 07:37 AM

Middle-market business leaders are taking cautious steps toward growth, according to results of KeyBank's monthly Middle Market Business Sentiment Survey. Despite continuing concern about the economy's strength, there are more plans to add staff... Read Story

February 21, 2014, 07:22 AM

Commercial borrowing by small and medium-sized businesses in Canada jumped in the final quarter of last year to hit a record high. The PayNet Canadian Business Lending Index (CBLI), which measures the volume of new commercial loans and leases to... Read Story

February 20, 2014, 07:09 AM

BancAlliance announced that its network of over 150 member banks in 37 states originated a $32.5 million loan to a borrower referred to the network by one of its member banks. The referring member, West Gate Bank, retained control of its relationship... Read Story

February 19, 2014, 07:32 AM

PNC Bank, N.A., a member of The PNC Financial Services Group, received approval from Canada’s Office of the Superintendent of Financial Institutions (OSFI) for a license to expand commercial banking services across Canada.  Established as a Canadian... Read Story

February 19, 2014, 07:06 AM

Pine Brook, a New York-based investment firm focused on building businesses in the financial services and energy sectors, today announced the final closing of its second fund, Pine Brook Capital Partners II, L.P. (“Fund II”). With total capital... Read Story

February 18, 2014, 07:06 AM

According to the 2014 Bank of America Merrill Lynch CFO Outlook survey, U.S. businesses are putting growth plans in motion, bolstered by greater confidence in the economy and their own company performance. Notable findings from the Outlook: CFOs... Read Story

February 14, 2014, 06:47 AM

CIT Group Inc. announced the pricing of a public offering of $1 billion aggregate principal amount of senior unsecured notes due 2019 (the “Notes”). The Notes priced at par and will bear interest at a per annum rate of 3.875%. The Notes will be... Read Story

February 13, 2014, 07:02 AM

With a sense of stability returning to the economy and to corporate boardrooms, the RBS Citizens Middle Market M&A Outlook 2014 released today reveals that middle market companies remain open to buying or selling but are prioritizing opportunities to... Read Story

February 12, 2014, 07:09 AM