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Today’s News

    Monroe Named 2018 Lender of the Year by Mergers & Acquisitions

    Monroe Capital has been named the 2018 Lender of the Year by Mergers & Acquisitions, an independent, New York City-based publication covering all aspects of middle-market deal-making.

    Capital One Survey: New Tech Essential for Next Economic Cycle

    Capital One’s sixth annual survey at SFIG Vegas 2019 found that an overwhelming majority (90%) of survey respondents feel that adopting new technologies will be important to preparing their businesses for the next economic cycle.

    IDB Board of Directors Elect Kaufthal Chairman

    Israel Discount Bank of New York’s board of directors has elected Ilan Kaufthal as chairman, effective immediately. Jake Berman retired as chairman of the Board on March 12.

    Umpqua Bank Names Ilkov EVP, Antrim SVP in San Diego

    Umpqua Bank named Kris Ilkov executive vice president, Southwest regional director of offices in San Diego, Reno and Las Vegas and hired Jason Antrim as senior vice president, corporate banking managing director, to lead Umpqua’s San Diego office.

    CDPQ, Hilco Global Enter into Long-Term Partnership Agreement

    Institutional investor La Caisse de dépôt et placement du Québec (CDPQ) acquired a minority stake in Hilco Global, an independent financial services company. Following the transaction, CDPQ will own 27% of Hilco Global.

    Antares Agents Facility to Support 365 Data Centers Recap

    Antares served as joint lead arranger, sole bookrunner and administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for 365 Data Centers.

    Avid Acceptance Completes Warehouse Facility with Capital One

    Diversified financial services firm Avid Acceptance completed an asset-backed warehouse facility with Capital One. The facility was established to provide additional liquidity to support the company’s short-term and long-term growth strategies and diversify its funding model.

    Orion Energy Funds Martin Energy’s Distributed Generation Platform

    Martin Energy has entered into a strategic capital partnership with Orion Energy to accelerate the growth of its distributed generation platform. The senior secured credit facility from Orion Energy will provide Martin Energy with capital to fund Martin Energy’s “CHP as a Service” platform.

    Ares Management Acquires HVAC Services Company CoolSys

    Ares Management announced that a fund managed by its private equity group has acquired CoolSys, a refrigeration and HVAC services company, from Audax Private Equity. Terms of the transaction were not disclosed.

    mBank Business Credit Provides $6MM LoC to Logistics Firm

    mBank Business Credit financed a $6 million line of credit for a distributor/logistics firm based in Ohio.