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UMB Financial and Heartland Financial, USA Inc. entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion... Read Story

Filed Under: Banking News
April 30, 2024 @ 08:10 AM

The private equity industry is showing resilience and optimism for 2024 despite shifting market dynamics, according to the S&P Global Market Intelligence 2024 Private Equity and Venture Capital Outlook. According to the outlook, private equity... Read Story

Filed Under: Private Equity News
April 30, 2024 @ 08:00 AM

Wintrust Business Credit (WBC) closed a new $25,000,000 ABL line of credit for a Midwest-based importer and distributer of frozen seafood. The company distributes a wide variety of both traditional and ethnic seafood to restaurants and wholesalers in... Read Story

Filed Under: Food Distribution
April 30, 2024 @ 07:50 AM

LSQ originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer. The company was referred to LSQ by a wealth management advisor. The additional working capital will be used to... Read Story

Filed Under: Aerospace
April 30, 2024 @ 07:47 AM

Rocky Brands, a leading designer, manufacturer and marketer of premium quality footwear and apparel, signed a definitive debt refinance agreement with Bank of America, as agent. The new agreement, which amends and restates the Company’s existing... Read Story

Filed Under: Apparel
April 30, 2024 @ 07:45 AM

Golub Capital announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners. Jennifer Potenta has joined the Firm to lead... Read Story

Filed Under: Insurance
April 30, 2024 @ 07:38 AM

Moritt Hock & Hamroff announced the addition of three attorneys continuing the growth that the firm has experienced over the past year.  Nafisa Ahmed joins as an Associate in the firm's Not-For-Profit Group and Natalia Thomas joins as Counsel in the... Read Story

April 30, 2024 @ 07:35 AM

Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of MOREgroup, Inc. by private equity sponsor Wind Point Partners. Headquartered in Fort Worth, TX, MOREgroup is a family of leading... Read Story

Filed Under: Technology
April 30, 2024 @ 07:21 AM

NXT Capital provided a unitranche credit facility to support Shoreline Equity Partners’ acquisition of Prime Meats.  NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.“We are incredibly excited... Read Story

Filed Under: Food Distribution
April 30, 2024 @ 07:09 AM

Fulton Financial Corporation announced that its bank subsidiary, Fulton Bank has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank (“Republic Bank”), from... Read Story

Filed Under: Banking News
April 29, 2024 @ 08:00 AM