Monroe Capital, Sumitomo Mitsui Banking Corporation (SMBC) and MA Asset Management (part of MA Financial Group) announced the formation of a new joint venture (“JV”), which will invest up to US$1.7 billion in senior secured loans to U.S. middle market borrowers. The JV harnesses the complementary capabilities of the three partnering institutions to establish a differentiated platform focused on the attractive middle market subset of private credit.The JV expects to benefit from broad access to
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Clearlake Capital Group, an investment firm founded in 2006, operating integrated businesses across private equity, credit and other related strategies, announced the launch of Clearlake Credit, its specialist credit platform that will provide flexible capital solutions to dynamic businesses globally.The launch of Clearlake Credit comes as Clearlake completes its acquisition of MV Credit, a pan-European private credit specialist, from Natixis Investment Managers. This builds on Clearlake's
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Bridge Bank, a division of Western Alliance Bank, announced that its Innovation Banking Group has provided a new $20 million credit facility to industry-leading digital accessibility company AudioEye, Inc.The largest portion of the credit facility is a new $12 million term loan that replaces AudioEye’s existing term loan. The new deal also includes a $3 million revolver and a $5 million delayed draw term loan for potential “tuck-in” acquisitions.AudioEye combines AI-powered automation, custom
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General Atlantic and UBS Group AG announced a strategic partnership focused on private credit opportunities. The collaboration between UBS and General Atlantic Credit (GA Credit) aims to enhance investing clients’ and borrowers’ access to a broader set of direct lending and other credit products.The partnership formalizes and expands a history of collaboration, bringing together two leading global platforms to create a compelling private credit offering by combining UBS’s advisory and investment
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SG Credit Partners, through its Commercial Finance division, announced a senior debt investment in a vertically integrated, specialized, plastic injection molding contract manufacturing platform. The senior debt investment refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth initiatives. The client provides integrated, end-to-end manufacturing solutions primarily to medical device and industrial customers. The Company
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BizCap successfully structured and secured a comprehensive financing package for Cerebelly, a leading producer of organic, nutrient-rich baby and toddler food formulated to support brain development. The financing will empower the company to invest in inventory and strengthen working capital, accelerating its long-term growth plan.“BizCap didn’t come in with a one-size-fits-all solution. They took the time to understand what makes our business different, asked smart questions, gave honest
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United Community has strengthened its Asset-Based Lending (ABL) team with the addition of Stacy Odendahl as senior business development officer. Odendahl’s 16 years of experience sourcing new business across the Southeast and her customer-centric approach add significant depth and expertise to an already dynamic division, reinforcing United’s commitment to delivering tailored financial solutions.“Stacy’s knack for building relationships and solving complex customer challenges is exactly what
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the growth equity investment in Hoist Global Tech Solutions by WestView Capital Partners. In addition, Abacus Finance Group made an equity co-investment in HOIST. HOIST is a leading provider of IFS-focused implementation, consulting, and support services. WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages
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Rosenthal & Rosenthal announced that, going forward, the 87-year-old company will be doing business under a new moniker, Rosenthal Capital Group (RCG). The name change, refreshed branding and the New York headquarters move to Park Avenue all mark an important milestone in the company’s history, as the third and fourth generations of Rosenthal family leadership continue to evolve the firm to keep pace with an ever-changing global marketplace. “The world is simply not the same place it was when
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Rite Aid Corporation announced that it is pursuing a strategic and value-maximizing sale process for substantially all of its assets. To facilitate this process, the Company and its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey.To support Rite Aid during its sale process, which it intends to conduct under section 363 of the U.S. Bankruptcy Code, the Company has secured commitments from certain of its existing lenders to access
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JPalmer Collective (JPC) closed a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the funds to continue to innovate and expand its diverse line of parent-loved products. JPC is focused on ensuring that over half of its portfolio consists of women-led companies as part of its mission to make financing more equitable.?? “We were immediately impressed by the company’s long-term growth strategy and we knew we were the perfect financial partner to
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NFS Leasing announced it will rebrand as NFS Capital LLC, as part of its long-term growth strategy.The rebrand reflects the company’s commitment to expanding its equipment financing platform, growing its syndication capabilities and pursuing targeted opportunities across both new and existing markets. As NFS Capital scales nationally and throughout Canada, it will remain focused on providing flexible financing solutions to businesses across a wide range of industries.“We are excited to launch
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J.S. Held welcomed Bill Fasel to a team of more than 1,500 financial, technical, scientific, and strategic experts. Fasel has 30 years of experience in financial and strategic advisory services, assisting multinational and middle-market clients with turnaround, restructuring, business transformation, investment banking, and strategic advisory matters. His areas of expertise include improving operational and financial performance, identifying strategic alternatives, assessing and enhancing short
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MidCap Financial provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC. Proceeds from the credit facility were used to refinance the Company’s existing credit facilities and to support the ongoing working capital needs of the Company.Bedrock Manufacturing Company serves as a platform company encompassing both the Shinola and Filson brands.
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CSW Industrials announced the renewal and extension of its existing Revolving Credit Facility, including an increase of the Facility’s commitment from $500 million to $700 million in partnership with a group of nine banks. The renewed Revolving Credit Facility has a five-year term and now matures in May of 2030. JPMorgan Chase Bank will serve as administrative agent. JPMorgan Chase Bank and Truist Bank acted as the joint lead arrangers and joint bookrunners.Joseph B. Armes, Chairman, Chief
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