Today’s News

Last Updated: Wednesday, July 23, 2014, 8:16 am

MidCap Business Credit ABL Supports Food Distributor

MidCap Business Credit announced it completed a $4 million ABL to a distributor of food service, work place safety and janitorial supplies headquartered in the Mid-Atlantic region.

FirstMerit Closes Roosevelt Capital Revolver

FirstMerit Bank Business Credit announced it closed a new $8.5 million revolver to Roosevelt Capital on June 27, 2014. Proceeds were used to refinance existing debt and provide working capital.

US Capital Partners Expands NY, San Francisco Investment Teams

US Capital Partners added J. Alfred Ritter and Renee A. Volaric as VPs in the San Francisco and NYC markets, respectively. Previously, Ritter served at Columbia Capital Advisors, while Volaric joined from RB Milestone Group.

A&M Expands Financial Industry Advisory Services Practice

Alvarez & Marsal named Bruce Stevenson managing director, focusing on building the firm’s Quantitative Advisory Services practice. Previously, Stevenson served at HSBC North American and BNP Paribas.

Oxford Closes Natrix Separations Senior Debt Facility

Oxford Finance closed an $8 million senior secured term loan agreement with Natrix Separations. Proceeds of the loan will be used for working capital.

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.

Ex-Dewey & LeBoeuf Executives Settle With Bankruptcy Trustee

The Wall Street Journal reported two former Dewey & LeBoeuf executives settled a civil suit brought by the defunct firm’s bankruptcy trustee to recover nearly $22 million.

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.