Avante Capital Partners, a women-owned private credit and structured equity firm, completed a unitranche debt investment in Burton Plumbing Services to support a portfolio company refinancing by ShoreView Industries.
sticky.io, an e-commerce platform provider for subscription management and recurring billing, closed a $90 million material capital transaction with Goldman Sachs Asset Management’s private credit business.
Marco Financial, a Miami-based financial technology and trade finance company, added Chip Scoggins, Carlos M. Herrera and William C. Avedon to its business development team.
The International Factoring Association released its 2021 IFA Business Profile and Performance Survey Industry Report. According to the survey, 36.8% of gross invoices funded during 2020 came from the transportation industry.
Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession financing.
H.I.G. Capital, a global alternative investment firm with $44 billion of equity capital under management, provided an investment to Cleo Communications, a global provider of ecosystem integration software solutions. Terms were not disclosed.
Crestmark secured a total of $48.85 million in asset-based lending and factoring financial solutions for 14 new clients and its government guaranteed lending group provided $2.255 million in financing for three new clients in the second half of May.
Iron Horse Credit closed a $6.5 million standalone inventory revolving line of credit for a wine and spirits importer and distributor.
Austin Financial Services closed a $4 million revolving accounts receivable and inventory credit facility to a privately-owned canning company.