Truist Financial Corporation announced the addition of new leaders to its Commercial and Corporate Banking franchise, highlighting Truist's ongoing commitment to delivering industry expertise and expanding its market presence to serve large corporate clients across key sectors, including energy and technology. Jeff Ard joins Truist as Managing Director and Head of Energy and Power Corporate Banking, and Cliff Vaz will serve as Managing Director within the same group. In addition, Veronica
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October 21, 2025 @ 08:15 AM
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SSG Capital Advisors served as the investment banker to Hobie Cat Company II, LLC (Hobie) in the sale of substantially all assets to Bass Pro, LLC (“Bass Pro Shops”). The transaction closed in September 2025.Founded in 1950 by legendary innovator Hobie Alter, Hobie has grown from a surfboard company into an iconic global brand synonymous with adventure on the water. Today, Hobie is recognized worldwide as a premier manufacturer of high-quality kayaks, sailboats, and accessories. With a proven
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October 21, 2025 @ 08:10 AM
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Raymond James is expanding its Investment Banking capabilities by hiring two senior bankers to join its Capital Structure Advisory team. Alex Rohan and Kevin Haggard both join from Stifel-Miller Buckfire as managing directors and are based in New York City. Rohan will also serve as co-head of the group with Geoffrey Richards. The Capital Structure Advisory team is responsible for two Investment Banking products: advising publicly traded, sponsor-backed and privately owned companies and their
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October 21, 2025 @ 08:00 AM
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U.S. regional banks’ recent losses tied to non-bank financial institutions (NBFIs) may signal broader risk from this fast-growing loan segment, Fitch Ratings says. While these cases may be fraud related and idiosyncratic, rapid expansion of NBFI exposures increases the chance that concentrated counterparties, combined with weak underwriting, could pressure bank earnings and sentiment beyond individually affected banks.U.S. bank lending to NBFIs expanded sharply over the last five years, per FDIC
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October 21, 2025 @ 07:57 AM
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Gordon Brothers has acquired the former Heartland Coca-Cola production facility in Lenexa, Kansas. Heartland Coca-Cola has expanded their operations to a larger facility and the production assets and property in Lenexa were no longer required as part of their strategic initiative. The firm provided a single-source solution to purchase the equipment and real estate, offering a fast and efficient solution for Heartland. Gordon Brothers plans to decommission and sell the existing bottling
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October 21, 2025 @ 07:52 AM
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Global Lending Services (GLS), a leader in automotive financing, entered into a definitive agreement to be acquired by Sixth Street, a global investment firm. Chief Executive Officer Steve Thibodeau and GLS’s long-tenured management team will continue to lead the Company. Terms of the transaction were not disclosed.For over a decade, GLS has served over 1 million lifetime customers and works with more than 19,000 dealerships nationwide across its multichannel origination strategy. The Company is
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October 21, 2025 @ 07:38 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Anderson Global (“Anderson”), an affiliated portfolio company of Sun European Partners, LLP, a London-based private investment advisory firm.Founded in 2023 and headquartered in Las Vegas, NV, Anderson is a global buy and build platform in the corporate services sector offering a comprehensive set of incorporation, registered agent and ancillary services
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October 21, 2025 @ 07:36 AM
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Tenax Aerospace, a leading provider of special mission aircraft and related services to the U.S. government and commercial customers, has completed a $100 million incremental capital raise, bringing total senior secured credit facilities to $330 million. The financing supports the Company’s growth initiatives and recently awarded contracts. Tenax is a portfolio company of NTC Group, a Greenwich, CT-based private investment firm serving as an alternative to private equity and strategic acquirers
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October 21, 2025 @ 07:21 AM
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Pier Asset Management (”Pier”) provided a $10 million senior secured credit facility to a specialty finance firm that offers revenue based capital to small businesses. Pier is pleased to partner with the second time founder.Based in Los Angeles, California, Pier provides senior secured credit facilities and tailored credit solutions to fintech lenders and platforms. To date, Pier has funded over $500 million in credit investments and partners closely with innovative originators to scale lending
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October 21, 2025 @ 07:09 AM
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Honigman announced that George Stowe has joined the firm as a partner in the Private Equity group of its Corporate Department. As the eleventh partner to join Honigman’s Chicago office this year, he joins after over five years with Benesch, Friedlander, Coplan & Aronoff. “George brings a tremendous depth of experience that will be a valuable addition to our department, the firm, and our clients,” said Kimberly A. Dudek, chair of Honigman’s Corporate Department and member of the firm’s Executive
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October 21, 2025 @ 07:00 AM
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Siena Lending Group announced that Cheryl Carner has joined the organization as Senior Managing Director – Originations.Carner, most recently with SLR Credit Solutions (fka Crystal Financial), will contribute her decades of experience in sourcing and executing innovative financing solutions for middle market companies across a wide range of industries. Based in Boston and leveraging her national reputation and network, she will focus on driving Siena's expansion strategy into larger
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October 20, 2025 @ 08:15 AM
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Ares Management Corporation appointed Bill Benjamin, current Co-Head of Ares Real Estate, to the newly created position of Vice Chairman of Ares, effective January 1, 2026. The Ares Real Estate team will continue to be led by Julie Solomon as the global Head of Real Estate.In his role as Vice Chairman, Mr. Benjamin will report to Kipp deVeer and Blair Jacobson, Co-Presidents of Ares, and will remain based in London. He will continue to focus on partnering with Real Estate leadership on strategic
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October 20, 2025 @ 08:10 AM
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eCapital provided a $4 million healthcare receivables financing facility to a skilled nursing operator in New Jersey. The funds will be used to enhance liquidity, refinance existing obligations, and support ongoing operations across the provider’s facilities.Skilled nursing operators are navigating an increasingly complex landscape marked by fluctuating reimbursement cycles, rising labor costs, and evolving regulations. As demand for long-term care continues to climb, these organizations need
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October 20, 2025 @ 08:00 AM
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Abacus Finance Group announced the successful final closing of Abacus Finance SBIC Fund I, L.P. (the “Fund” or “Abacus SBIC”), raising $87.5 million in private capital for a total fund size of $262.5 million. The Fund was oversubscribed and ultimately hit the hard cap. The Fund leverages the U.S. Small Business Administration’s Small Business Investment Company (“SBIC") program, which provides government backing to enhance the fund’s capacity to support growing small businesses. Abacus SBIC is
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October 20, 2025 @ 07:54 AM
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Oportun, a mission-driven financial services company, announced several enhancements to its debt capital structure: The closing of a new $247 million, three-year revolving term committed warehouse facility with Citizens Financial Group, Inc., as senior lender and Community Investment Management, as mezzanine lender; A 12-month extension of an existing warehouse facility with Goldman Sachs as senior lender and Jefferies as mezzanine lender; Both warehouse facilities were priced more favorably
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October 20, 2025 @ 07:49 AM
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