Today’s News

Last Updated: Tuesday, July 22, 2014, 4:20 pm

BofA Business Capital ABL Supports Vintner Group/Winebow Merger

Bank of America Business Capital announced it led an ABL to support the merger of The Vintner Group and Winebow.

GE Capital Healthcare Agents $9MM USGI Facility

GE Capital’s Healthcare Financial Services business announced it agented a facility of up to $9 million for USGI Medical.

CapX Partners Closes Karmaloop Facility

CapX Partners announced the closing of a $13 million senior loan facility to support the growth needs of Karmaloop.

Deloitte Advises on Solid Concepts Sale to Stratasys

Deloitte Corporate Finance acted as financial advisor to Solid Concepts in its sale to Stratasys for total consideration of up to $295 million.

GemCap Funds $5.9MM for Orthodontic Manufacturer

GemCap announced the funding of a $5.9 million senior facility to a manufacturer of orthodontic products and supplies.

CIT to Acquire OneWest Bank

CIT Group announced it entered into a definitive agreement and plan of merger with IMB Holdco, the parent company of OneWest Bank, for $3.4 billion in cash and stock.

CIT Q2 Earnings Boosted by Portfolio Sale

CIT reported Q2/14 net income of $247 million compared to net income of $184 million for the year-ago quarter. CIT said completion of the student loan portfolio sale generated income of $52 million net of taxes.

GE Capital’s $115MM Brookstone Facility Supports Sailing Buy

GE Capital, Corporate Retail Finance announced it is providing Brookstone with a $115 million facility to support the company’s recent acquisition by Sailing Innovation and general working capital needs.

Equitable Bank Appoints Former GE Capital Executive

Equitable Bank announced Michelle Cole, former SVP of commercial finance at GE Capital, was appointed to VP of Commercial Lending; and Ron Tratch, VP of commercial credit and former SVP at GE Capital Canada, will succeed Bill Edmunds as chief risk officer.

A&M Named Global Turnaround Consulting Firm of the Year

For the second consecutive year, Alvarez & Marsal received Global M&A Network’s highest honor, the Turnaround Atlas Award for Global Turnaround Consulting Firm of the Year.