Babson Facility Supports Kohlberg Acquisition
Babson Capital Management provided a facility to support the acquisition of PPC Industries by affiliates of Kohlberg.
Babson Capital Management provided a facility to support the acquisition of PPC Industries by affiliates of Kohlberg.
MB Business Capital recently provided a facility to Saran Acquisition to facilitate the acquisition of Saran Industries by Titan Equity Partners. Victory Park Capital provided term debt for the transaction.
UMB Financial announced a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction worth $182.5 million.
Siena Lending Group completed a three-year, $25 million asset-based revolving credit facility for Universal Lubricants, a portfolio company of Pegasus Capital Advisors.
The LA Times reported CIT stands to collect more than $1.4 billion from federal regulators to cover future losses if its purchase of OneWest Bank be approved.
Bank of America Business Capital has provided $21.4 million in senior secured credit facilities for Pro-Pet, a portfolio company of H.I.G. Capital.
Magnetation closed on a $15 million incremental increase to its revolver. JPMorgan is the administrative agent for the facility.
GE Capital, Healthcare Financial Services agented a senior secured credit facility of up to $19 million for Rapid Micro Biosystems.
Michael J. Leonard joined MB Financial Bank as a group president in the Commercial Banking Group. Leonard joins from First Midwest Bank where he was regional president.
According to the Wells Fargo/Gallup index, the overall Investor and Retirement Optimism Index is now the highest it has been since 2007, following several years of gradual, steady increases.