Optimism about the dealmaking environment has reached a five-year high, according to Citizens’ 2025 M&A Outlook. The 14th annual survey of 400 leaders at U.S. middle-market companies and private equity firms revealed that 54% of decision-makers believe the current M&A environment is strong.Economic growth and easing inflation are among the most-cited factors fueling middle-market businesses’ M&A plans in 2025. Fifty-seven percent of all respondents expect the U.S. economy to improve in the year
Read Story
January 09, 2025 @ 08:20 AM
|
MidCap Business Credit completed a $6 million asset based credit facility with a manufacturer and distributor of air purifying respirators located in the Northeast. The ABL credit facility is supported by a working capital revolver and a machinery and equipment term loan.The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT. Seth Cooper, SVP / National Sales Manager said, “We were able to structure a credit facility to repay the incumbent bank and provide the
Read Story
January 09, 2025 @ 08:15 AM
|
Horizon Technology Finance, an affiliate of Monroe Capital, provided a $35 million venture loan facility to Onkos Surgical, of which $30 million has been initially funded.Onkos intends to use the proceeds of the loan facility to accelerate manufacturing and commercialization of NanoCept™, a groundbreaking, antibacterial coating technology that is used on FDA-granted orthopaedic implants to reduce bacterial contamination at the time of implantation. Bacterial contamination of implants is a
Read Story
January 09, 2025 @ 08:12 AM
|
Huntington National Bank's commercial banking segment continues to expand its corporate, specialty and government banking business with the addition of two industry verticals: the Financial Institutions Group and the Aerospace & Defense Group.The new verticals are part of Huntington Commercial Bank's recent geographic and vertical expansion. The bank recently expanded its middle market banking presence in North Carolina, South Carolina and Texas, in addition to launching a diverse range of new
Read Story
January 09, 2025 @ 08:11 AM
|
Middle market private companies in the Golub Capital Altman Index grew earnings by 9% during the first two months of the fourth quarter of 2024. Revenue grew 6% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Revenue and earnings growth remained strong for companies in the Golub Capital Altman Index for the ninth consecutive quarter. The Consumer sector of the Index stands out for posting higher revenue and earnings growth rates in Q4 than in any other quarter of 2024. The
Read Story
January 09, 2025 @ 08:10 AM
|
P10, a leading private markets solutions provider, announced that its strategy, Bonaccord Capital Partners, a private equity business focused on providing growth capital and strategic support to middle-market private markets sponsors, closed on its second GP Stakes fund, Bonaccord Capital Partners II (“BCP II” or the “Fund”), with $1.6 billion in total commitments.The Fund closed at its revised hard cap and above its target of $1.25 billion, having grown by 117% compared to its predecessor fund
Read Story
January 09, 2025 @ 08:05 AM
|
BankFinancial announced the appointment of Forrester Faia as Vice President and Regional Commercial Financial Leader for the Illinois market. This strategic addition reflects the bank’s ongoing commitment to delivering unparalleled financial solutions to middle-market businesses.In his new role, Faia will spearhead efforts to connect companies in the greater Chicago area with BankFinancial’s full suite of commercial banking services. With over 25 years of expertise in commercial finance
Read Story
January 09, 2025 @ 07:34 AM
|
American Express issued its new Amex Trendex: Small Business Edition, finding that small businesses anticipate a period of stability in 2025, while they invest in technology to drive business growth.“In 2024, small businesses demonstrated resilience in the face of uncertainty, reinforcing confidence in their ability to grow through changing times,” said Anna Marrs, Group President, Global Commercial Services at American Express. “For them, 2025 will be defined by innovation, leaning deeper into
Read Story
January 09, 2025 @ 07:08 AM
|
Willow Tree Credit Partners, a fast-growing private credit alternatives firm, announced the closing of Willow Tree CLO II, a $502.3 million Collateralized Loan Obligation (CLO). Willow Tree's second CLO, closing within two months of its first CLO, signifies Willow Tree's strong positioning and expertise within middle market direct lending.The CLO will be managed by Willow Tree and all of the equity interests will be retained by its second managed fund complex.GreensLedge Capital Markets served
Read Story
January 09, 2025 @ 07:00 AM
|
eCapital announced its acquisition of LSQ Group LLC and its subsidiaries, a recognized leader in working capital finance and payment services. This acquisition reflects eCapital’s commitment to advancing innovation and expanding its ability to provide advanced, customized funding to clients as it continues to execute its growth strategy. “This acquisition significantly enhances eCapital’s capacity to deliver scalable working capital solutions,” said Marius Silvasan, CEO of eCapital. “LSQ’s
Read Story
January 08, 2025 @ 08:15 AM
|
Amerisource Business Capital closed and funded a $6,000,000 working capital facility for a Texas-based manufacturer of custom bulk bags, serving key industries such as chemicals, medical, and food, with a strong international presence. Doug Forbes, Market Manager at Amerisource, emphasized the importance of the transaction: “Faced with challenges resulting from a downturn in the logistics market, the company needed a lender capable of providing a comprehensive suite of financial solutions to
Read Story
January 08, 2025 @ 08:10 AM
|
Great Rock Capital closed a $25 million senior secured revolving credit facility with Lion Energy, a provider of power products such as large industrial power storage systems, portable solar generators and panels, lithium batteries, and whole-home energy backup systems. The new credit facility will refinance Lion’s existing debt and boost their liquidity position to support the company’s strategic business expansion.“We are incredibly excited to partner with Great Rock Capital to secure this
Read Story
January 08, 2025 @ 08:05 AM
|
36th Street Capital, a prominent provider of equipment financing solutions, announced the immediate appointment of Greg Stitt as Senior Vice President of Capital Markets.The appointment further bolsters 36th Street’s originations and syndications capabilities in support of its continued growth. Stitt has extensive capital markets experience in prior roles with First American Equipment Finance, and most recently with Auxilior Capital Partners.Kiran Kapur, CEO of 36th Street Capital, commented on
Read Story
January 08, 2025 @ 08:02 AM
|
Gibraltar prides itself on longstanding financing partnerships, as demonstrated by its recent collaboration with existing customer Prodigy Health. GBC recently increased its asset-based loan facility to $30 million, further supporting Prodigy Health's growth.The national drug distributor will use the increased facility to fund working capital by expanding its inventory of high-demand biopharmaceuticals, enhancing its distribution network, and pursuing technology upgrades essential for its
Read Story
January 08, 2025 @ 08:00 AM
|
Founded in 1973, the client is an international catalyst-handling company for the refining, chemical, petrochemical, and processing industries. They started as a relatively small business in the United States but, after a series of acquisitions, they expanded into five other countries, eventually becoming a world leader in their field. In 2018, the company re-established their presence in the US and purchased property to house American operations. The SituationUnfortunately, their return to the
Read Story
January 08, 2025 @ 07:52 AM
|