Truist Financial reached a definitive agreement to sell its remaining stake in Truist Insurance Holdings, a subsidiary of Truist and the fifth largest insurance brokerage in the U.S., to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier & Rice.
BNP Paribas Exane, a unit of BNP Paribas that provides equity research, appointed five senior research analysts to its U.S. analyst team.
Silver Spike Investment, a specialty finance company that has elected to be treated as a business development company, entered into a definitive agreement with Chicago Atlantic Loan Portfolio (CALP) for the purchase of a portfolio of loans.
KKR served as lead arranger, administrative agent and investor on debt financing supporting Clarience Technologies’ acquisition of Safe Fleet. According to Bloomberg, the debt financing was made up of a $2.775 billion loan. In addition to KKR, Oak Hill Advisors served as joint lead arranger on the transaction.
Liquidity Group, an asset manager with $2.5 billion in assets under management that specializes in private credit, added three executives to lead its newly formed financial institutions group (FIG), naming Reggie Mills head of FIG, Robert Amato head of FIG in North America and Sonia Peterson head of FIG in Europe.
Energetic Services, a provider of transportation, environmental and related services to the oil and gas sector across Alberta and British Columbia, transitioned to a bank following three years of collaboration with Accord Financial, which provided the company with a $13 million facility in 2021.
Norsk Hydro signed a $1 billion revolving multi-currency credit facility with Crédit Agricole CIB and DNB as the coordinating mandated lead arrangers and bookrunners on the transaction.
EisnerAmper, a global accounting, tax and business advisory firm, was recognized by USA Today as both a “Most Recommended Tax Firm” and a “Most Recommended Accounting Firm.”
Sygnum Bank provided a $9 million credit facility to DMG Blockchain Solutions, a blockchain and cryptocurrency technology company, to increase its operational capacity ahead of the upcoming Bitcoin halving expected in April.
Regions Financial appointed, Bill Rhodes, the former president and CEO of AutoZone, to the boards of Regions Financial and its subsidiary, Regions Bank. Rhodes’ term on Regions’ boards will begin March 1.