CIBC Innovation Banking provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. The company will use the financing to continue growing its reach globally and expand product offerings to new and existing customers around the world.ContactMonkey is an internal email platform used by over 10,000 communicators worldwide. The platform integrates with commonly used applications such as Microsoft Outlook, Microsoft Teams and major human resource information software
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Crestline Investors, a global alternative investment manager, announced the final close of Crestline Direct Lending Fund IV (“CDLIV” or the “Fund”), with $3.5 billion of investable capital across the Fund, related vehicles and anticipated leverage.Crestline’s direct lending strategy provides tailored financing solutions to sponsor and non-sponsor backed companies across North America. The strategy lends to companies across the middle market with a focus on the lower and core segments.“This marks
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Siena Lending Group appointed Andrew Kehoe as Director of Originations. Kehoe will be responsible for expanding Siena’s origination efforts and deepening its coverage across the Mountain West region. Kehoe joins Siena from Edge Capital Lending, LLC, where he led the firm’s business development initiatives and oversaw coordination of the sales team. In his new role, he will focus on delivering tailored capital solutions for sponsors and middle-market businesses throughout the region. “I am
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24 Hour Fitness, the 40-year leader in health and fitness, announced the successful closing of a $305 million senior secured facility provided by affiliates of The TCW Group. This transaction marks a significant milestone in the company's ongoing transformation, as it proactively addresses upcoming debt maturities, enhances liquidity, and strengthens 24 Hour Fitness's position as one of the largest fitness club operators in the United States. This refinancing, comprising $305 million of new
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Entering 2025 in an already weakened state, newfound economic uncertainty has only added to our expectation of yet another challenging year for for-hire carriers and the commercial vehicle industry, as published in the latest release of the ACT Research North American Commercial Vehicle OUTLOOK.“Tractor market demand was already under pressure from uncertainty alone, but preliminary data show the weaker economic outlook is now weighing further on demand,” said Kenny Vieth, ACT’s President and
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TPG Twin Brook recently served as administrative agent on debt financing to support the following transactions:
Arsenal Capital Partners’ recapitalization of Polycorp, a leader in the design, manufacture, sale, and distribution of engineered elastomeric solutions.
GenNx360 Capital Partners’ refinancing of Vintage Parts, a supplier of slow-moving replacement parts sourced from original equipment manufactures (OEMs) for OEM-approved dealers and distributors.
EagleTree Capital’s
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Atlantic Union Bankshares Corp. announced the appointment of Bradley S. Haun as chief risk officer of Atlantic Union and Atlantic Union Bank. Haun succeeds Sherry Williams, who will retire on July 1, 2025. Williams is currently serving in an advisory capacity until her retirement date.Haun has been with Atlantic Union since 2011, most recently serving as executive vice president and chief audit executive. Haun, an alumnus of Virginia Tech, began his career at Cherry Bekaert in their audit
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Star Mountain Capital, a rapidly growing, employee-owned investment firm with over $4 billion in assets under management (AUM), is pleased to announce it has been named one of the Fastest-Growing Private Companies in America by Inc. and one of the Top Private Debt Firms by GrowthCap for the year 2024.We believe these recognitions highlight Star Mountain’s growth, specialized investment approach, and ongoing focus on supporting established companies in the U.S. lower middle-market.“We are honored
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Citizens & Northern Corp., headquartered in Wellsboro, Penn., and Susquehanna Community Financial Inc., headquartered in West Milton, Penn., announced that both companies’ boards of directors have unanimously approved an agreement and plan of merger pursuant to which SQCF will merge with and into C&N.C&N is the bank holding company for Citizens & Northern Bank, which operates 28 banking offices and one loan production office in Pennsylvania and New York. As of March 31, 2025, C&N had
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Altimmune, a late clinical-stage biopharmaceutical company developing novel peptide-based therapeutics for liver and cardiometabolic diseases, entered into an agreement with Hercules Capital, for up to $100 million in a credit facility, with a $15 million tranche funded at closing. Additional tranches will become available upon achievement of certain clinical and financial milestones aligned with the Company’s pemvidutide development plans and financing needs.Access to this additional capital
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Ernst & Young (EY US) has announced the finalists for the prestigious Entrepreneur Of The Year 2025 New England Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors bold entrepreneurs whose innovations shape the future and pave the way for a thriving economy and a hopeful tomorrow.An independent
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Axsome Therapeutics, a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, entered into a $570 million term loan and revolving credit facility with funds managed by Blackstone Life Sciences and Blackstone Credit & Insurance (“Blackstone”). Concurrent with this new facility, Axsome has retired its previous term loan with Hercules Capital. The improved financial terms and expected use of the new facility are expected to result in a significant
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Pyxus International, a global value-added agricultural company, announced the amendment of its asset-based lending (ABL) credit facility with PNC Bank, which was initially established February 8, 2022. As part of the amendment, the Company will have access to increased borrowing availability, lower interest rates and fees in the credit agreement, and an extended maturity date.
The amended agreement provides Pyxus with access to an additional $30 million of funding, increasing the committed
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Faced with rising regulatory demands and operational pressures, general partners (GPs) are increasingly turning to outsourcing and technology to manage special purpose vehicles (SPVs) more efficiently. This trend is highlighted in a new report from CSC, the leading provider of global business administration and compliance solutions.CSC surveyed 400 GPs across the Americas, Europe (including the U.K.), and Asia Pacific to uncover how today’s market shifts and operational pressures are reshaping
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Versant Funding is pleased to announce it has funded a $30 million non-recourse factoring facility to a company that manufactures and distributes furniture to major brick-and-mortar as well as on-line retailers.The factoring company this business had relied upon for many years to meet their working capital needs had decided not to renew their facility. At the time, there was a significant balance outstanding that placed the transaction outside the funding capabilities of most factors. In
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