Crestmark Provides $43.9MM+ to 78 Businesses in H1/April
Crestmark provided more than $43.9 million in commercial financing to 78 businesses in the first half of April 2019.
Crestmark provided more than $43.9 million in commercial financing to 78 businesses in the first half of April 2019.
Ellie Mae, a cloud-based platform provider for the mortgage finance industry, has been acquired by private equity investment firm Thoma Bravo. Jefferies provided financing to support the transaction.
Proterra, a provider of heavy-duty electric transportation, will partner with Mitsui to create a $200 million credit facility in support of a battery lease program. The facility will enable transport companies to purchase electric-powered buses and lease the batteries.
According to the Golub Capital Middle Market Report, middle market private companies in the Golub Capital Altman Index experienced approximate year-over-year earnings growth of 9.5% and revenue growth of 9.3% during the first two months of Q1/19.
Catalent, a provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, will acquire Paragon Bioservices for $1.2 billion.
Finance industry veterans Daniel O’Rourke and James Cullen have partnered with Blackburn Investment Management to launch Burnley Capital.
Gary Raisig has joined Capital One’s Middle Market Banking group on Long Island, NY as a senior vice president and relationship manager.
Industry veteran Matthew Miller has joined the Tiger Group as senior director of Appraisals.
Reuters reported that U.S. online lenders such as LendingClub, Kabbage and Avant are scrutinizing loan quality as they prepare for an economic downturn.
TherapeuticsMD has signed a binding commitment letter for a fully-negotiated $300 million non-dilutive secured term loan financing facility with TPG Sixth Street Partners.