Comvest Credit Partners acted as administrative agent and sole lender in upsizing CareVet’s existing senior secured credit facility to $103 million. CareVet, a veterinary practice management group, will use the financing to fund growth.
GoodData, a provider of data-as-a-service (DaaS) analytics infrastructure, closed a $45 million credit facility from J.P. Morgan. GoodData will use this new financing to grow its global sales and engineering teams while continuing to invest in building solutions for enterprise-grade analytics.
H.I.G. Capital, a global alternative investment firm with $45 billion of equity capital under management, sold its portfolio company, US Medical Supply, to Advanced Diabetes Supply, a portfolio company of Court Square Capital Partners.
TriCo Bancshares, the parent company for Tri Counties Bank, and Valley Republic Bancorp, the parent company for Valley Republic Bank, entered into a definitive agreement under which Valley Republic will merge with and into TriCo in a stock transaction valued at approximately $165.6 million.
CVB Financial and Suncrest Bank entered into an agreement and plan of reorganization and merger pursuant to which Suncrest Bank will merge with and into Citizens Business Bank in a stock and cash transaction valued at approximately $204 million.
Soltage, an independent renewable power producer, raised a $130 million debt facility led by Silicon Valley Bank. The investment will finance a 110 MW national portfolio of projects across six states, including North Carolina, South Carolina, Maine, Illinois, Virginia and Maryland.
LiquidX, a global fintech solutions provider for working capital, trade finance and insurance, appointed Keith Raymond a managing director of InBlock sales. Raymond will lead the commercial expansion of LiquidX’s InBlock digital working capital platform.
Oxford Finance, a specialty finance firm providing senior debt to healthcare services and life sciences companies, closed a $28 million senior credit facility for AvantGarde Senior Living, which will use the funds to refinance existing debt on a facility located in Tarzana, CA.
SG Credit Partners provided a $5.5 million senior secured cash flow term loan to an entrepreneur-owned specialty delivery service catering primarily to the medical industry.
TradeCap Partners closed a $7 million purchase order finance facility for a beauty and wellness company based in Florida. The company designs, manufactures and distributes skincare devices, accessories and topical products.