Black Olive Capital launched its intelligent inventory and purchase order lending platform. Black Olive will provide businesses with $500,000 to $10 million of liquidity based on inventory or purchase orders. Carlos D. Gomez co-founded the company and will serve as president.
Ascena Retail Group entered into an asset purchase agreement with Sycamore Partner’s affiliate, Premium Apparel, to sell Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands for $540 million on a cash-free and debt-free basis.
Jacobs is acquiring a 65% stake in PA Consulting and also providing debt financing in the form of a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to fund future growth.
Hertz entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation, a fleet management and financing provider, to Athene Holding for an anticipated cash payment of $825 million before adjustments.
Alvarez & Marsal appointed Sergio Fernando Moro a managing director in its disputes and investigations group in São Paulo, Brazil. He has more than 20 years of legal and investigative experience, including serving as the minister of justice and public security of Brazil from 2019 to 2020.
New York-based private equity firm The Jordan Company agreed to sell Dallas-based Dimora Brands, a provider of branded specialty hardware and home accessories, to Clearlake Capital Group. Baird served as financial advisor to Dimora.
Private investment firm Brightwood Capital Advisors appointed William W. Archer chief credit officer, a position he previously held from 2013 to 2015. Archer most recently served as a consultant to the Canadian Public Pension Investment Board and will be based in New York.
For the seventh consecutive year, TD Bank was listed in the DJSI World Index, a benchmark for environmental, social and economic performance.
According to a survey from HSBC, 98% of Canadian issuers factor sustainability into their practice. While issuers and investors reported common ground on investment opportunities in infrastructure investment, the two groups differ when it comes to clean power technology.
BMO Financial Group ranked in the 91st percentile of banks globally on the Dow Jones Sustainability Indices. The DJSI is a set of best-in-class benchmarks for investors who recognize that sustainable business practices are critical to generating long-term shareholder value.