Lincoln Financial, a leading provider of insurance, annuities, group benefits and retirement solutions, announced its expansion into the rapidly growing private markets industry, partnering with Bain Capital, a leading global private investment firm, and Partners Group, one of the largest firms in the global private markets industry, to launch two new private markets-focused funds. Lincoln expects the new offerings to be available in late 2025.“Powered by industry-leading distribution
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March 19, 2025 @ 08:30 AM
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DWS and Deutsche Bank announced the launch of a strategic cooperation to develop private credit origination and investment opportunities for DWS clients across the private credit space. As part of the cooperation, DWS will have preferred access to certain asset-based finance, direct lending and other private credit asset opportunities originated by Deutsche Bank. This strategic cooperation brings together Deutsche Bank’s market leadership in Fixed Income market access, liquidity provision, and
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March 19, 2025 @ 08:25 AM
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Daniel’s Jewelers, a 105 store nationwide jewelry retailer serving a growing and diverse customer base, closed on a new senior credit facility provided by SLR Credit Solutions.Proceeds of the new credit facility have been used to refinance Daniel’s existing debt and provide the company with greater flexibility for growth opportunities. Daniel’s, a portfolio company of Palladium Equity Partners, a middle-market private equity firm, has a footprint that stretches from California to Florida along
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March 19, 2025 @ 08:15 AM
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Dillard’s amended and extended its $800 million senior secured revolving credit facility consistent with the Company’s liquidity needs. A $200 million expansion option remains in place. The new maturity date is March 12, 2030. The credit facility was arranged by JPMorgan Chase Bank.The credit facility is available to the Company for general corporate purposes including, among other uses, working capital financing, the issuance of letters of credit, capital expenditures and, subject to certain
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March 19, 2025 @ 08:07 AM
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Sallyport Commercial Finance announced a $6,000,000 Non-Notification Factoring facility to support a leading agriculture company in their strategic restructuring and growth journey.A privately owned entity, the client recently underwent a comprehensive restructuring of their assets. As part of this transformation, Sallyport was introduced by an investment banker, in order to provide a flexible working capital solution to bolster their operational costs. With a creative approach and ability to
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March 19, 2025 @ 08:00 AM
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Citizens Capital Markets & Advisory served as the exclusive financial advisor to Great Lakes Roofing, a market-leading multi- and single-family exterior services platform, on its sale to Renova One. Renova One is a portfolio company of Goldner Hawn, a Minneapolis-based middle-market private equity firm.Great Lakes Roofing, headquartered in Troy, Michigan, has provided a full suite of exterior service solutions to multi- and single-family customers for more than 30 years. Over the last three
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March 19, 2025 @ 07:50 AM
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Celtic Capital Corporation announced its most recent new client relationship – a Pacific- based electrical maintenance and lighting replacement company for buildings in various commercial industries.
The Company needed to replace its high-priced factoring relationship that would lower their financing cost and provide more flexibility for achieving their revenue goals in the coming year. A trusted advisor, who has been a strong referral partner for Celtic Capital, brought the deal to Celtic
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March 19, 2025 @ 07:00 AM
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Second Avenue Capital Partners (SACP), a Schottenstein affiliate, closed a USD $20 million senior secured credit facility for Bouclair, a leading Canadian home brand and omnichannel retailer specializing in stylish and affordable home décor and furnishings. This new credit facility will enhance Bouclair’s liquidity and flexibility, supporting its continued growth and expanding wholesale opportunities. In addition to SACP’s credit facility, Bouclair also secured an additional financing commitment
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March 18, 2025 @ 08:15 AM
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BMO announced the appointment of Tony Sciarrino as Head, U.S. Commercial Bank. Sciarrino will report to both Nadim Hirji, Group Head, BMO Commercial Bank and Darrel Hackett, U.S. CEO, BMO. He will join BMO's U.S. Management Committee and the BMO Commercial Bank Executive Committee.Sciarrino brings over 30 years of financial services experience, with a track record of expanding commercial businesses and delivering exceptional client service. Most recently, he led commercial banking operations
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March 18, 2025 @ 08:10 AM
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FGI Worldwide announced the promotions of Nikki Rangra, Chris Fulman and David Ding to Senior Managing Director, expanding the firm’s leadership team. As Senior Managing Directors, Rangra, Fulman and Ding will be responsible for shaping the continued growth of FGI’s multi-jurisdictional asset-based lending product and partnering with current leadership to advance the firm’s broader operations, lending and risk objectives. Nikki Rangra leverages over 20 years of unique expertise in risk
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March 18, 2025 @ 08:05 AM
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Utica closed a $7,500,000 Capital Lease to support a leading precision manufacturing firm in its strategic acquisition of two complementary businesses specializing in high-quality machining and advanced tooling solutions. Secured by manufacturing and tooling equipment, this transaction provides essential acquisition financing and working capital to drive the consolidation of operations and facilitate growth. The lease supports the firm’s plan to integrate an ISO-certified precision machining
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March 18, 2025 @ 08:02 AM
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Global consulting firm J.S. Held announces that Chief Executive Officer (CEO) Jonathon (Jon) Held intends to step down as Chief Executive Officer. J.S. Held President and Chief Operating Officer (COO) Lee Spirer will succeed Jon Held as President and CEO. Jon Held will become Executive Chairman of the Board of Directors. As part of a planned succession, the leadership transition will take effect at the start of the second quarter of 2025. In his new role as Executive Chairman, Jon Held will
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March 18, 2025 @ 08:00 AM
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CIBC U.S. Asset Based Lending closed a senior credit facility to support New Water Capital Partners II, L.P.’s acquisition of Dutch Gold Honey, Inc., as well as provide working capital to fuel the continuing growth of the business and a comprehensive suite of banking services.Founded in 1946 in Lancaster, PA, Dutch Gold Honey, Inc. is a leading producer of ethically sourced honey in the U.S. The Company is well-known for its innovation, including the creation of the iconic plastic honey bear
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March 18, 2025 @ 07:43 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 acquisition of Construction Specifications, Inc. (“CSI”) by Milrose Consultants, LLC, an existing portfolio company of Southfield Capital.Founded in 1974 and based in Morganville, NJ, CSI provides construction specifications and related services to architecture firms. CSI has contributed to both public and private renovation and construction projects worldwide, by
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March 18, 2025 @ 07:00 AM
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Wingspire Capital provided a $30 million revolver to Digital Media Solutions, Inc. The transaction was made in conjunction with Digital Media Solutions’ emergence from Chapter 11 bankruptcy reorganization and the completion of a court-supervised sale of substantially all of its assets to an investor group led by funds and accounts managed by BlackRock in addition to Bain Capital, Blackstone, and Abry Partners.Proceeds from the senior secured financing provide additional liquidity and flexibility
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March 17, 2025 @ 08:00 AM
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