Trinity Capital announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter, bringing total new commitments for the first half ended June 30, 2024, to $576 million."Trinity is executing across all of our strategies to deliver strong growth in 2024," said Kyle Brown, Chief Executive Officer of Trinity Capital. "Our five distinct
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Lloyds Bank and Oaktree Capital Management announced a strategic partnership (the “Partnership”) to support UK middle-market sponsor-backed borrowers. Lloyds Bank Structured Debt Finance team will partner with Oaktree’s European Private Debt platform to provide clients with a comprehensive senior debt solution for new buyouts and refinancings with term debt, acquisition and working capital facilities in addition to agency and full ancillary product services. Building on Lloyds Bank’s
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The number of terminated private equity-backed deals globally fell 86.2% year over year to just four in the second quarter, according to data from S&P Global Market Intelligence.The decrease in terminated deals suggests a stronger closing momentum in recent periods, as buyers and sellers bridge valuation gaps more effectively.In 2023, private equity relied on earnout provisions to address valuation challenges. The provisions became less common as sales processes grew competitive, and the economy
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After executing over $100 million of commitments over the last six months, TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, announced that it is serving as the exclusive financing partner of Andover Storage Lending, a recently launched platform that seeks to originate non-recourse financing for self-storage sponsors nationally. This partnership meaningfully expands TPG Angelo Gordon’s relationship with Andover Properties, a leading owner and operator of
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WSFS Bank, the primary subsidiary of WSFS Financial Corporation, announced the hire of Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management, reporting to Michael Dzielak, Senior Vice President, Director of Financial Crimes.Ioia will be responsible for leading the Enterprise Fraud Risk Management Program, including the direct supervision of Associates who prevent, detect, and mitigate financial criminal activity and potential financial losses.“We are very excited to
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Blank Rome announced that Ryan T. Purpura, Matthew “Matt” D. Lea, and Ryan A. Haddad have joined the firm as partners and members of the Energy industry team. All three partners bring significant experience in the energy sector, with a focus on oil and gas and related energy transactions, financings, and project development. They join Blank Rome from Reed Smith LLP, where Purpura served as co-chair of the firm's global energy and natural resources industry group. The trio joins Blank Rome in the
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Alvarez & Marsal Tax, an affiliate of Alvarez & Marsal (A&M), announced the appointment of Jose Manuel Ramirez as a Managing Director joining the Latin America Complex Transaction Tax team in New York. Ramirez brings over 30 years of experience advising multinationals on local, regional and global transactions encompassing domestic and international corporate and personal tax planning. He helps clients navigate centralized offshore treasury, cross-border transactions, mergers and acquisitions
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Star Mountain Capital announced that James Camarda has joined as a Managing Director in Star Mountain’s Tampa, Florida office.Camarda brings two decades of expertise in the alternative investment sector, having collaborated with some of the world’s leading alternative investment firms. Camarda has advised financial advisors, family offices, foundations, endowments, and individuals on leveraging alternative investments to optimize their investment objectives, including portfolio
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SSG Capital Advisors served as the investment banker to Eiger BioPharmaceuticals, Inc. in the sale of Avexitide and its related clinical assets to Amylyx Pharmaceuticals, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division). The transaction closed in July 2024.Founded in 2008, Eiger is a commercial-stage biopharmaceutical company focused on developing innovative therapies for treating rare and
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Huntington Business Credit closed $99,000,000 in new credit facilities with Lumbermen’s Inc. on June 25, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.Lumbermen’s Inc., headquartered in Grand Rapids, Michigan, is a diversified building materials supplier. Huntington Business Credit provides working capital and term loan facilities to large corporate and middle market companies for acquisitions, LBO’s, MBO’s
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SLR Capital Partners announced that Scottie Bevill has joined the firm as a Senior Advisor. Most recently, Bevill led Global Income Strategies for the Teachers’ Retirement System of the State of Illinois as Senior Investment Officer, overseeing all public and private markets debt and fixed income portfolios for the $65 billion pension plan. Throughout his career, Bevill has been a member of over 60 Limited Partner Advisory Boards.“We are thrilled to welcome Scottie to the SLR team, as we
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TPG Twin Brook served as administrative agent on debt financing to support Silver Oak Services Partners-backed Geriatric Medical’s add-on acquisition of DDP Medical Supply. Geriatric Medical is a full-line distributor of consumable medical supplies and ancillary products to skilled nursing facilities, durable medical equipment providers and other post-acute care providers throughout New England. DDP Medical Supply is a wholesale medical provider working with top manufacturers across a broad
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First Citizens Bank's Healthcare Finance business provided $24 million to finance the acquisition of a post-acute medical rehabilitation hospital in Tulsa, Oklahoma. The Sanders Trust acquired the PAM Rehabilitation Hospital of Tulsa, a 53-bed, freestanding inpatient rehabilitation facility totaling 60,932 square feet.The hospital is leased to and operated by PAM Health. Founded in 2006, PAM Health is currently the third largest operator of long-term acute care hospitals and inpatient
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SLR Healthcare ABL provided a $7.5MM asset-based revolving credit facility to a chronic care physician services and technology company. The company offers around-the-clock medical coverage (primary care physicians, internal medicine doctors, nurse practitioners, and licensed clinical social workers, etc.) for its contracted skilled nursing facility clients. In addition, the company has developed a proprietary EMR that is the only fully integrated platform in the chronic care industry where
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Alvarez & Marsal (A&M) has expanded its capabilities by acquiring London-headquartered executive search firm Wilkinson Partners. Tom Wilkinson, founder and CEO of Wilkinson Partners, will assume the role of Managing Director and lead the newly formed A&M Search (AMS) business. With 20 years of executive search experience, Wilkinson has built a global reputation around hiring partners and C-level executives for professional services firms, private equity and financial institutions. Under his
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