Monroe Capital, on behalf of its investment funds, has established a partnership with Source One Financial Services, LLC (“Source One”) to originate and purchase consumer recreational vehicle (“RV”) and marine loans. The initial pool is expected to be $250 million. Monroe has secured a revolving credit facility with Canadian Imperial Bank of Commerce to finance such origination and purchase. The capital provided by the Monroe partnership will allow Source One to continue to drive origination
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Blue Owl Capital, a leading alternative asset manager, announced the final close of its most recent digital infrastructure fund, Blue Owl Digital Infrastructure Fund III ("ODI III") with $7 billion of total capital commitments. ODI III exceeded the original target of $4 billion and hit its hard cap.ODI III will focus on developing, acquiring, and owning data centers and other connectivity related real assets to help meet the AI and cloud-driven global digital capacity needs of the world's
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B. Riley Financial announced that Scott Yessner has been appointed Chief Financial Officer, effective June 3, 2025. Yessner, who has served as a strategic advisor for B. Riley Financial for the past two months, will succeed Phillip Ahn, who is departing to pursue another opportunity.Yessner brings to B. Riley significant experience and a proven track record as the Chief Financial Officer of public and private companies, with a particular focus on leading corporate transformations. He previously
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Grant Thornton appointed new leaders for Asset Management, Energy and Healthcare within its multinational Industry practice.Shona O’Hea, an Advisory Services partner based in Dublin, Ireland, has been named the head of Asset Management. Tyler Jones, an Audit & Assurance Services partner based in Dallas, has been named the head of Energy, and Scott McGurl, a Business Consulting principal based in Tampa, Florida, has been named the head of Healthcare.“Today’s unique business climate is impacting
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Austin Financial Services closed a $5 million accounts receivable revolver facility for a private equity-owned commercial tree services company providing comprehensive vegetation management and brush maintenance services across the Pacific Northwest. The company, which is committed to enhancing tree care, maximizing urban recycling, and reducing carbon footprints, used the proceeds from the AFS line of credit to refinance its existing bank facility and is leveraging the additional working
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A leading beauty branding company recently secured a partnership with a celebrity, resulting in a surge in sales and a need for additional financial support. Referred by a member of a consumer product network, the company turned to Rachel Hersh, Sales Director North America at Prestige Capital, for assistance. The client had an opportunity to showcase their product on a national TV program but needed funding to produce the inventory.Rachel Hersh commented, "Invoice financing continues to play a
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Kristen Lewis, Managing Director of Strategic Growth at EisnerAmper, has been honored with the Association for Accounting Marketing (“AAM”) 2025 Marketer of the Year Award. This prestigious award recognizes a marketing professional who has shown outstanding performance in the field of accounting marketing. The accolade was officially announced at AAM’s Annual Summit in May.In her capacity at EisnerAmper, Lewis leads the firm’s marketing and growth initiatives with a focus on strategic planning
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Mayer Brown announced that Daniel Serota has joined the firm as a partner in New York, the latest in a series of new hires to join the firm’s global Corporate & Securities practice. Serota brings extensive corporate finance, M&A, and private equity experience and will co-lead Mayer Brown’s Financial Services Mergers & Acquisitions practice. He joins from Sidley Austin LLP. “Dan’s arrival is a key step in the continued expansion of our global M&A and private equity capabilities,” said Paul Theiss
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Global law firm Clifford Chance has hired Peter A. Laveran-Stiebar to join its US Corporate Mergers & Acquisitions practice, strengthening its capability in the healthcare and life sciences sector. Laveran-Stiebar comes to Clifford Chance from Covington & Burling, bringing more than 25 years of experience in cross-border acquisitions and divestitures across a range of industries globally and in the US, with a particular focus on healthcare and life sciences. He's advised on a range of complex
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Trinity Capital announced the commitment of $15 million in growth capital to Lendflow, a software development company that provides embedded credit infrastructure to fintechs, lenders, and vertical software-as-a-service (SaaS) companies. Headquartered in Austin, TX, Lendflow enables platforms to efficiently integrate lending experiences into their platforms with scalable, low-code solutions. Through its proprietary operating system and data analytics, Lendflow streamlines customer acquisition
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Rite Aid Corporation successfully entered into a series of sale agreements and pharmacy services transition agreements. This includes the rolling transition of pharmacy assets from more than 1,000 store locations across the U.S. to operators including CVS Pharmacy, Walgreens, Albertsons, Kroger, and Giant Eagle, among others, as well as the sale and operation by CVS Pharmacy of many Rite Aid and Bartell Drugs stores located in Washington, Oregon, and Idaho.Importantly, during the transition
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SSG Capital Advisors (“SSG”) served as the investment banker to Art Supply Enterprises, Inc. d/b/a MacPherson’s Art Supply in the sale of all inventory and intellectual property assets to Blick Art Materials, LLC (“Blick”). The transaction was effectuated pursuant to Article 9 of the Uniform Commercial Code and closed in May 2025.MacPherson’s is the largest provider of art and creative materials in North America. The Company offers a broad product suite sourced from hundreds of vendors worldwide
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NFI Group (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, announced that it and certain of its subsidiaries have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 million in letter of credit availability.The First Lien Facility is secured, and has a two-year term, that can be extended for an additional two years if NFI enters into certain additional subordinated credit arrangements. It
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Direct lending continues to demonstrate strong resilience and growth despite ongoing macroeconomic volatility, according to new academic research from Saïd Business School at the University of Oxford, produced in partnership with Pemberton Asset Management (“Pemberton”), one of Europe’s leading private credit managers. Building on the findings of the inaugural 2021 report - European Direct Lending – Review and Outlook 2025 - reveals continued investor confidence in private debt, with global
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April preliminary Class 8 same dealer used truck retail sales volumes increased 8.6% m/m, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.“Used truck buyers did not let up in April, driving preliminary Class 8 same dealer used truck retail sales volumes higher,” according to Steve Tam, Vice President at ACT Research. “The market crushed historical seasonality, which called for an 11% m/m decrease. Auction sales saw
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