Ares Commercial Finance provided a $15 million senior secured revolving line of credit to Shimmick Corporation, an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation. Ansley Park Capital (“Ansley Park”), an affiliate of Ares Management, provided a complementary $15 million machinery and equipment term loan, the combination of which delivered a complete financing solution. Proceeds from the working capital
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Traditional banks are losing their grip on industry growth, according to a new report from Boston Consulting Group (BCG). The global banking industry has grown at a compound annual growth rate (CAGR) of 4% over the past five years, but traditional banks are ceding the most valuable ground to fintechs, digital attacker banks, private credit funds, and nonbank market makers. Incumbent banks have relied on balance-sheet-driven net interest income to contribute roughly 85% of the growth. Yet they
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Tiger Finance and JPMorgan Chase provided a lifestyle growth brand incubator with $141 million in strategic financing. The revolving line of credit/term loan consists of $26 million provided by Tiger Finance and $115 million provided by JPMorgan Chase."Featured in the likes of Elle, Homes & Gardens, The New York Times and countless Instagram and TikTok posts by celebrity influencers, the borrower's brands have the potential for even further growth," said Tiger Finance Managing Director Andrew
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Trinity Capital announced the commitment of $62.7 million in growth capital to Atmosphere TV, a premier streaming platform tailored exclusively to businesses, offering more than 30 original and partner TV channels focused on sports, news, and entertainment. Atmosphere's entertainment platform is tailored for high-traffic environments such as restaurants, bars, gyms, airports, medical centers, and auto shops, and allows businesses to customize programming and run their own promotions alongside
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Mayville Engineering Company, a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, announced a definitive agreement to acquire Accu-Fab, LLC from strategic holding company Tide Rock for a total consideration of $140.5 million, plus ordinary and customary adjustments. The proposed acquisition is expected to close during the third quarter 2025, subject to the satisfaction of customary closing conditions.MEC intends to fund the transaction
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Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $11,430,000 revolving line of credit, equipment term loan, and real estate term loan to fund the acquisition of a manufacturer making roof trusses and wall panels in Indiana.The client required an expedited timeline to meet the seller’s deadline, and the transaction was completed in just 23 business days from start to finish
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BizCap successfully structured and secured a multi-million dollar financing package for a leading IT firm, a provider of advanced cloud-managed WiFi and wireless networking solutions. With this new capital, the company is set to expand its production capacity and support recent commitments from major players in the mobile payment space.“BizCap delivered exactly what we needed to scale quickly,” said the CEO and Founder of the IT firm. “They understood the long-term value of the technology we
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Flatbay Capital's client is a healthcare provider that specializes in holistic medicine. This medical facility aims to change patients' overall lifestyles and eating habits. Though based in Houston, it has impacted lives state-wide. In 2010, the founder created a small restaurant to offer healthier food options to in-house and returning patients, but it never made a significant profit. So, between 2022 and 2023, the company reinvested income from its wellness practice into branding for the
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Monroe Capital acted as joint lead arranger on the funding of a senior credit facility and equity co-investment to support the acquisition of Relevant Industrial, LLC (“Relevant”) by Fusion Capital Partners.Founded in 2019 and headquartered in Houston, TX, Relevant is a national distributor of flow control parts and solutions delivering offerings such as instrumentation and automation, rotating equipment, purification, actuated valves, and thermal equipment to key markets including renewable
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Mayer Brown announced that Aideen Brennan has joined the firm as a partner in its global Corporate & Securities practice in New York, furthering strengthening its financial services, mergers and acquisitions (M&A) and private equity offerings. She was previously at Sidley Austin LLP.“Aideen’s understanding of industry-specific financial services and M&A will further enhance Mayer Brown’s ability to assist clients on a variety of complex, high-profile, and strategic domestic and cross-border
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Lincoln International, a global investment banking advisory firm, announced that the Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise value of U.S. privately held companies, increased by 2.3% during the first quarter of 2025, driven by steady growth in EBITDA as enterprise value multiples decreased approximately 0.1x since Q4 2024. When comparing the LPMI to the public markets, the LPMI outperformed the S&P 500 in Q1 2025 as the S&P 500 decreased 5.6%
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S&P Global Ratings anticipates further additions to U.S. banks' credit loss allowances in the coming quarters, after only small increases between fourth-quarter 2024 and first-quarter 2025, according to a new report.In S&P's baseline forecast, they project the industry's allowance-to-loans ratio and provisions will rise about 5 basis points and roughly 10%-15% respectively in 2025, reflecting an economic slowdown, but s&P still assumes an industry return on equity of 10.0%-11.0%.If the U.S.
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Huntington Business Credit closed a $12,000,000 new credit facility with Local Crafts Group, LLC on April 4, 2025. Local Crafts Group, LLC is a portfolio company of Cleveland, Ohio headquartered private equity firm, Blue Point Capital Partners. Proceeds of the facility were used to finance an add-on acquisition and provide ongoing working capital financing.Local Crafts Group, LLC, headquartered in Murray, Utah, is an online distributor and wholesaler in the crafts industry specializing in yarn
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May 27, 2025 @ 07:55 AM
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1st Commercial Credit announced the launch of its new Ledger Lines program—providing revolving credit facilities of up to $20 million, backed by receivables and tailored for high-growth businesses.With Ledger Lines, businesses generating at least $3 million in monthly invoices can access up to 90% of receivable value as working capital. The structure avoids traditional debt by documenting the facility as a continuing receivable purchase, providing fast and flexible funding without complex loan
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Alter Domus, a global provider of tech-enabled fund services for the private equity, real assets and private debt sectors, appointed Charlotte Hogg as CEO. After a distinguished career of over 25 years in financial services, across both the public and private sectors, Ms. Hogg joins Alter Domus from mid-summer.Ms. Hogg succeeds Doug Hart who has served as CEO since 2019. Her appointment follows that of Mark Wiseman, the former Global Head of BlackRock's Active Equities business and Chairman of
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