IDB Bank provided a working capital facility to Franklin Capital to benefit the firm’s operating cash flow amid strategic expansion. Serving as the Sole Lender, the deal signals the Bank’s continued lending activity through its national Asset-Based Lending and Factoring division, empowered by its specialty financing capabilities within the lower-middle market. “Our recent deal with Franklin Capital is an important part of IDB’s growth story, powered by our relationship-first banking practices
Read Story
|
Greenberg Traurig has expanded its Corporate, Investment Management, and Financial Regulatory & Compliance practices with the addition of two in-house counsels from major investment firms. Shareholder Patrick J. Kassen joins from Blackstone, where he most recently served as general counsel of their portfolio company Link Logistics and previously served as managing director and chief compliance officer of Blackstone Real Estate. Shareholder Matthew J. Bromberg joins from Exchange Traded Managers
Read Story
|
Wingspire Capital agented a $110 million senior secured revolving credit facility to Phillips Pet Food & Supplies. The credit facility was used to refinance existing debt and provide enhanced liquidity as the business continues to grow and expand its brand offering. Headquartered in Easton, PA, Phillips Pet Food & Supplies carries one of the nation’s largest selections of pet food and treat brands including labels such as Nestle Purina, Diamond, Fromm, Tuffy’s, Mars, Wellness, Canidae and
Read Story
|
SSG Capital Advisors served as the investment banker to Eiger BioPharmaceuticals, Inc. in the sale of Avexitide and its related clinical assets to Amylyx Pharmaceuticals, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division). The transaction closed in July 2024.Founded in 2008, Eiger is a commercial-stage biopharmaceutical company focused on developing innovative therapies for treating rare and
Read Story
|
Blue Owl Capital entered into a definitive agreement to acquire the business of alternative credit manager Atalaya Capital Management LP for $450 million. The acquisition is expected to close in the second half of 2024, subject to customary closing conditions, and is expected to be modestly accretive to Blue Owl in 2025.Atalaya focuses primarily on asset-based credit investments across consumer and commercial finance, corporate and real estate assets, and managed over $10 billion of AUM as of
Read Story
|