Duff & Phelps, an independent financial advisory and investment banking firm, announced that it has successfully completed the acquisition of Pagemill Partners, a Silicon Valley-based investment banking and valuation services firm.
Beane Associates announced that Christopher H. Todd was appointed to the Cooperation with the Bar and Other Professionals Committee of the Pennsylvania Institute of Certified Public Accountants, and Millard D. Brown II was named program chair for the Atlanta chapter of the Institute of Management Consultants USA.
Main Street Capital has exited its debt and equity investment in Merrick System. Main Street Capital exited when HitecVision, a Norwegian-based private equity investor, took a majority stake in Merrick.
RF Monolithics announced that it has renewed and extended the existing $5 million senior secured credit facility and $740,000 real estate mortgage with ViewPoint Bank.
XOMA, a pharmaceutical company focused on the development of antibody therapeutics, entered into a $10 million 42-month secured term loan agreement with GE Capital, Healthcare Financial Services.
According to a post on Bankaholic.com, CIT Bank closed out the year 2011 with 12-month CD rates of 1.15% APY, the top rate offered by only one other bank in the U.S.
Granite City Food & Brewery has acquired the assets of three Cadillac Ranch All American Bar & Grill restaurants for $3.3 million. Fifth Third Bank provided a $5 million delayed draw term loan, which Granite City drew in full to fund the acquisitions.
Corporate restructuring specialists say technology and energy industries will improve in 2012, but a worsening European sovereign debt crisis could be the wrench that squeezes them all, according to the annual TMA Trend Watch survey.
Olympus Partners said it has acquired NPC International, the largest Pizza Hut franchisee and the largest franchisee of any restaurant concept in the U.S.
Bloomberg reported that governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.