Alector, a clinical-stage biotechnology company pioneering immuno-neurology, entered into a debt financing agreement with Hercules Capital for up to $50 million. Under the terms of the agreement, Alector drew an initial $10 million at closing. An...
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November 15, 2024 @ 08:00 AM
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SSG Capital Advisors served as the investment banker to Trugman-Nash, LLC, a subsidiary of Allied Dairy Products, Inc., in the sale of 100% of its equity ownership interests to Arthur Schuman, Inc. d/b/a Schuman Cheese. The transaction closed in...
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November 15, 2024 @ 07:58 AM
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Lighthouse Financial completed a $4,000,000 revolving line of credit to a South Carolina-based manufacturer and distributor of lighting fixtures. The company sells a wide range of interior and exterior lighting products, including pole and wall...
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November 15, 2024 @ 07:55 AM
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With the election now behind us, many business owners are planning for 2025. A recent KeyBank Small Business Flash Poll found 61% of respondents indicated they were likely to seek clarity and hold off on major business decisions until after the...
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November 15, 2024 @ 07:45 AM
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Alvarez & Marsal (A&M) announced the addition of Elan Ben-Avi as a Managing Director in its North America Commercial Restructuring (NACR) practice. Ben-Avi’s arrival underscores the practice’s ongoing talent investments, and enhances the firm’s...
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November 15, 2024 @ 07:40 AM
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TPG Twin Brook recently served as administrative agent on debt financings to support:
Halifax Group’s recapitalization of ChanceLight Inc., a leading provider of behavioral health, therapy, and education solutions for children and young...
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November 15, 2024 @ 07:15 AM
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PlainsCapital Bank announced that Travis Smart has joined its Fort Worth lending team as Senior Vice President, Senior Commercial Loan Officer. He will be based at the Bank’s Downtown Fort Worth location at 801 Houston Street. In his new role, Smart...
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November 15, 2024 @ 07:00 AM
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Equify Financial announced the launch of its new division offering receivables lending and ABL capital solutions serving a variety of industry sectors. This new division is officially named Equify Business Funding. The expansion demonstrates...
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November 14, 2024 @ 08:15 AM
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Crown Partners successfully arranged $30 million of senior financing from a leading US commercial bank for HGS BioScience, LLC (“HGS”), a portfolio company of Paine Schwartz Partners. The firm served as exclusive financial advisor to HGS in...
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November 14, 2024 @ 08:12 AM
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TAB Bank provided a $5 million credit facility to CoreCentric Solutions, Inc., a provider of recovery, repair and return-to-market services for appliances, appliance parts and consumer goods. This financing will support CoreCentric Solutions’ mission...
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November 14, 2024 @ 08:10 AM
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