Monroe Capital announced the closing of its partnership agreement with Wendel Group, one of Europe’s leading listed investment firms. The transaction was originally announced on October 22, 2024.Per the partnership agreement, Wendel has committed $1 billion for seed capital and GP commitments for current and future Monroe investment strategies. Wendel, jointly with a minority investment from AXA IM Prime, has purchased a 75% equity stake in Monroe. Wendel will use its significant balance sheet
Read Story
April 02, 2025 @ 08:15 AM
|
Briar Capital Real Estate Fund announced the promotion of Susan Holliday to Chief Operating Officer. With over 35 years of experience in asset-based lending, Susan has demonstrated exceptional leadership, operational expertise, and a deep understanding of the industry.Having been a valuable member of the Briar Capital team since 2013, Susan’s expertise spans a wide range of roles, including most recently as Chief Credit Officer and Portfolio Manager where she was instrumental in shaping the
Read Story
April 02, 2025 @ 08:10 AM
|
Targeted Lending Co., a leader in the equipment finance industry, expanded its senior credit facility with Wells Fargo Capital Finance to $75 million."This increase, along with our strong capital structure, reflects Targeted Lending's financial stability and ambitious growth trajectory," said Michael Philbin, CFO of Targeted Lending Co., LLC.Stewart Hayes, Managing Director at Wells Fargo Capital Finance shared, "We value our relationship with Targeted Lending, and are pleased to support them
Read Story
April 02, 2025 @ 08:07 AM
|
BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, together with Northwind Group a Manhattan-based real estate private equity firm and debt fund manager, provided a $170 million construction loan to Haim and Rony Nortman’s Nortco Development for the construction of a new 18 story development located at 200 West 88th Street, New York, NY, 10024. The development will be comprised of 36 luxury residential units with a unit mix of three to five bedroom units. The property
Read Story
April 02, 2025 @ 08:05 AM
|
nFusion Capital Finance closed an increase to its credit facility agented by Synovus Bank, through its Specialty Finance division. This raises the commitment to $125 million, with $20 million structured as an accordion, and with TAB Bank and Zions Bank remaining as co-lenders. The facility will support nFusion’s continued growth in serving borrowers and investors across a wide variety of industries. Headquartered in Austin, Texas, nFusion has sales offices across the United States.“We are
Read Story
April 02, 2025 @ 08:05 AM
|
SLR Business Credit announced the promotions of Heidi Ames and Jennifer Borg to managing director.Ames is an SVP and team leader. She has been with SLR since 2010 when she started as a senior field examiner. Ames manages a team of ABL Portfolio account executives and is part of SLR BC’s management team.Borg is an SVP and team leader. She started with Prinsource Capital in 2001 which was acquired by SLR BC in 2011. Borg is responsible for managing the Collections team in the Invoice Based
Read Story
April 02, 2025 @ 08:00 AM
|
Daida, a national leader in enterprise content management and digital transformation services that is backed by private investment firm HiGro Group, announced the successful completion of a comprehensive refinancing and growth capital investment through a strategic partnership with Lafayette Square.The transaction not only refinances existing obligations but also provides additional capital to support Daida’s acquisition strategy and continued organic growth across its core markets.“This marks a
Read Story
April 02, 2025 @ 07:57 AM
|
Hogan Lovells announced that James “Jim” Davidson has joined as a capital markets partner in the firm’s preeminent and nationally recognized REIT practice, based in the Washington, D.C. and Houston offices. Davidson, who joins from Hunton Andrews Kurth, advises clients on REIT transactions, corporate governance, and securities market regulation, and represents clients in both U.S. and international capital markets matters.“We are excited to welcome Jim to Hogan Lovells,” said James Doyle, global
Read Story
April 02, 2025 @ 07:47 AM
|
Libertas Funding (Libertas), a growth capital provider specializing in sophisticated financial solutions for small to medium-sized businesses, successfully closed a $75 million investment-grade corporate note financing. The proceeds from this transaction will be used for liquidity and working capital purposes. The company offers a broad array of tailored short-term, revenue-based financing and term loan* options. Since its inception in September 2016, Libertas Funding has provided access to over
Read Story
April 02, 2025 @ 07:00 AM
|
Quasar Capital announced the addition of Rob Hydeman as President of Business Credit, a strategic leadership hire that marks a new chapter in Quasar Capital’s evolution as a premier provider of customized commercial finance solutions across the U.S. and Canada.Hydeman brings nearly 40 years of experience in commercial lending, investment banking, and business development. With deep roots in the DFW market and a reputation for transparency, trust, and integrity, Rob’s appointment signals Quasar
Read Story
April 01, 2025 @ 08:15 AM
|
Hooters of America and certain of its affiliates has entered into a Restructuring Support Agreement (the “RSA”) with near unanimous support from its key stakeholders to effectuate a sale transaction that will facilitate the continued operation of the business under new ownership. Specifically, the Company has reached an agreement in principle with a highly experienced group of current franchisees (the “Buyer Group”) to acquire and operate certain Company-owned Hooters locations. The Buyer Group
Read Story
April 01, 2025 @ 08:12 AM
|
Encina Private Credit has appointed Matt Giamalis as Senior Vice President, Originations, effective immediately. In this role, Giamalis will leverage his extensive experience in corporate finance and private credit to enhance the firm's origination of first out enterprise value loans across key industry sectors.Giamalis brings a robust background in leveraged lending, having previously held senior positions at Firmament, Capital One, and GE Capital. His expertise spans critical industries
Read Story
April 01, 2025 @ 08:10 AM
|
A leading global manufacturer of child, toddler and infant safety products secured its first senior lending facility in the U.S. with an initial $10,000,000 factoring facility funded by Republic Business Credit. Republic was introduced by a strategy consultant in the Midwest who represents the portfolio company of a middle market private equity firm seeking to accelerate its growth in the U.S. retail market. The company and private equity sponsor chose a factoring facility instead of an
Read Story
April 01, 2025 @ 08:00 AM
|
Imprint, the leading provider of modern co-branded credit cards, closed a $500 million warehouse facility led by Mizuho, Truist Bank, and HSBC. This facility brings Imprint’s total lending capacity to approximately $1 billion, enabling Imprint to increase lending to the iconic partner brands in its portfolio, as well as the numerous brand partnerships in the pipeline.Building off tremendous revenue, brand partner, and cardholder growth in 2024, this facility further strengthens Imprint’s balance
Read Story
April 01, 2025 @ 07:51 AM
|
PlainsCapital Bank announced that Lisa Bowman has joined its Dallas lending team as Vice President, Commercial Loan Officer. “Lisa has a strong background in commercial lending and a real passion for helping businesses succeed,” said Brent Raindl, Chairman of the Dallas Region. “Her ability to grow relationships and navigate complex lending needs for clients makes her a great fit for PlainsCapital.” In her new role, Bowman will focus on building and managing relationships with commercial clients
Read Story
April 01, 2025 @ 07:42 AM
|