Monroe Capital announced that Monroe Capital Corporation (“MRCC”) and Horizon Technology Finance Corporation (“HRZN”), both business development companies (“BDCs”) managed by affiliates of Monroe Capital, have entered into an agreement (the “Merger Agreement”) under which MRCC would merge with and into HRZN (the “Merger”), subject to the receipt of certain shareholder approvals and the satisfaction of other closing conditions. Pursuant to the Merger Agreement, HRZN will be the surviving public
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August 08, 2025 @ 08:15 AM
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SouthStar Capital has appointed Michael Haddad as President—a move that underscores the firm’s commitment to strategic leadership and innovation in commercial finance.Haddad brings a distinguished background with more than 35 years of leadership experience in financial services and the banking industry. He has successfully built market share and enhanced profitability at top-tier companies in both independent and regulated environments, nationally and internationally, on numerous occasions. As
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August 08, 2025 @ 08:13 AM
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TAB Bank extended a $3.5 million ledgered working capital facility to one of North America’s largest transportation service providers, a Canadian-based company with a vast network of less-than-truckload (LTL), full truckload (FTL) and cross-dock operations spanning Western Canada to Central California.The logistics company sought a new banking partner after its previous financing company decided to reduce its portfolio in the transportation sector. With limited time to secure a replacement, the
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August 08, 2025 @ 08:12 AM
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Haversine Funding, a leader in the commercial lender finance sector, announced that Farrah Vargas has joined the firm as Senior Director, Portfolio Management, effective this August. In this key leadership role, Vargas will oversee portfolio strategy and performance while also working closely with factors and commercial lenders to identify growth opportunities, streamline operations, and add measurable value across our ecosystem.Farrah brings nearly 20 years of experience in specialty finance
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August 08, 2025 @ 08:11 AM
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SSG Capital Advisors served as investment banker to TransAxle Holdings, LLC in the sale of its off-highway division to Swanson Industries, Inc., a portfolio company of Turnspire Capital Partners. The transaction closed in June 2025.TransAxle is a leading independent remanufacturer of transmissions, differentials, and hydraulics. The Company provides comprehensive drivetrain solutions for medium and heavy-duty commercial trucks and off-highway vehicles through its branch network and wholesale
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August 08, 2025 @ 08:00 AM
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Pathward Financial through its subsidiary, Pathward, a national bank focused on financial access, announced that Charles Ingram has been appointed Executive Vice President and Chief Information and Operations Officer in recognition of his leadership in aligning technology, product and operations to drive efficiency, resilience and innovation across the Company.“During the last five years, Charles and his team have transformed our technology organization, delivering on many strategic initiatives
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August 08, 2025 @ 07:57 AM
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eCapital Corp. delivered a $15 million asset-based lending (ABL) facility to support the expansion of a Florida-based manufacturer known for its polyvinyl chloride (PVC) products used in commercial and industrial applications.With more than 30 years in operation, the company has earned a reputation as a reliable supplier of PVC-based solutions for electrical and utility markets across the U.S. Its facilities also produce specialty piping materials engineered for quality and ease of installation.
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August 08, 2025 @ 07:56 AM
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Comvest Credit Partners is acting as Administrative Agent on a $245 million senior secured credit facility for Allied OMS, a Southlake, Texas-based management services organization (MSO) focused on oral and maxillofacial surgery practices. The Financing will be used to refinance Allied’s existing debt and support its future growth initiatives. It coincides with a strategic growth investment in the Company led by 65 Equity Partners alongside co-investor Everberg Capital. Comvest Credit Partners
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August 08, 2025 @ 07:36 AM
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Manulife Financial Corporation, through its more than US$900 billion Global Wealth and Asset Management ("Global WAM") segment, announced it has signed an agreement to acquire 75% of Comvest Credit Partners ("Comvest") for US$937.5 million in upfront consideration. Comvest is a rapidly growing, middle market direct lending private credit manager with US$14.7 billion on its platform. As part of the agreement, Manulife will align its US$3.7 billion Senior Credit team with Comvest, creating a
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August 07, 2025 @ 08:15 AM
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Citizens Private Bank launched Liquidity Lines of Credit, a tailored credit solution designed for private equity and venture capital partners and professionals. As the private markets continue to mature, with increasing sophistication in fund structures and personal capital planning, Citizens Private Bank is committed to delivering solutions that directly support the evolving needs of the industry.In today's dynamic liquidity landscape, access to flexible capital is crucial. Liquidity Lines of
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August 07, 2025 @ 08:12 AM
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Mark Patchell has been named Chief Commercial Officer and Head of Originations for Encina Private Credit (“Encina”), the specialty finance company that provides first-out, enterprise value loans to private equity-sponsored and non-sponsored borrowers across the middle market. Patchell will lead the nationally deployed originations team with a focus on new business originations from direct lenders, private equity sponsors and financial advisors across the US and Canada. “We are extremely excited
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August 07, 2025 @ 08:10 AM
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Crown Partners announced its role as exclusive financial advisor to Nexseer Capital, a specialty finance firm providing equipment and project financing solutions, in connection with its management-led buyout. The transaction involved the acquisition of 100% of the company’s equity by its senior leadership team, W. Scott McCullum (CEO), Jon Albin (COO), and Rob Davis (EVP).In connection with this transaction, Crown Partners facilitated the refinancing of Nexseer’s senior credit facility to
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August 07, 2025 @ 08:05 AM
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First Citizens Bank announced a major new vendor finance agreement with Anderson UnderBridge, based in York, South Carolina, a leading provider of underbridge access equipment that helps contractors, engineers and transportation departments work faster, safer and smarter on complex bridge projects.The new agreement with First Citizens’ Equipment Finance business makes it easier for Anderson UnderBridge customers to obtain financing to buy or lease underbridge access equipment – enabling safer
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August 07, 2025 @ 08:00 AM
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Evolution Credit Partners Management, an alternative credit investment manager, announced that Scott Barek has joined the firm as Managing Director. Based in the New York office, Barek will lead structured credit investments and support the firm’s continued efforts to deliver differentiated, risk-managed solutions to institutional investors.Barek joins Evolution with more than 25 years of experience in structured credit markets. Most recently, he served as Managing Director and Desk Head of US
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August 07, 2025 @ 07:47 AM
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nFusion Capital recently provided a $20 million asset-based lending facility to support a vertically integrated manufacturer of garden products' growth strategy. The Company’s products include hand trucks, trailer carts, lawn spreaders, non-powered wheeled garden products, hammocks, sport bags, and a variety of other consumer and OEM products. Founded in 1946, the Company is headquartered in California with sales offices and manufacturing plants across the United States.With limited time and an
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August 07, 2025 @ 07:15 AM
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