Bain Capital Credit’s Private Credit Group Invested $2B in 2023
Bain Capital Credit’s private credit group invested approximately $2 billion to support the growth of middle-market and private equity-backed companies in 2023.
Bain Capital Credit’s private credit group invested approximately $2 billion to support the growth of middle-market and private equity-backed companies in 2023.
Brendan Goode will assume the role of chief security officer of Citizens Financial, effective April 29. Goode, who was previously chief security officer of Commonwealth Bank of Australia, will succeed Holly Ridgeway, who will retire from Citizens at the end of June.
TD Bank named Don Baker commercial market president of northern New England. In this expanded role, Baker will lead the commercial and small business banking teams in Maine, New Hampshire and Vermont.
Gayane Kirakosyan, managing director at B. Riley Securities, was named among the 2024 Women of Influence in Finance by the Los Angeles Business Journal. Kirakosyan has more than 20 years of investment banking experience.
Rosenthal & Rosenthal completed two recourse factoring transactions totaling $5 million along with an additional $2 million purchase order financing facility.
Cambridge Savings Bank hired Ryan Bailey as its new president and CEO. Bailey joined Cambridge Savings Bank from USAA, where he spent the past two-plus years as head of retail banking.
Law firm Dechert added Eliot L. Relles as a partner in its corporate and securities practice group, further enhancing the firm’s capabilities in leveraged finance and private credit. Relles previously served as the co-head of a New York-based law firm’s finance group.
MidCap Financial provided a $35 million senior revolving credit facility to Arc International North American Holdings. The credit facility is part of a refinancing of Arc International’s capital structure, with proceeds used to refinance the company’s existing revolving credit facility and to support its ongoing working capital needs.
Sientra, a surgical aesthetics company, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. Sientra will utilize existing cash reserves and $22.5 million in debtor-in-possession financing to support ongoing company operations.
Gordon Brothers provided a five-year operating lease to an aerospace and defense solutions provider for 15 late-model CNC machine tools, which will support the company’s precision manufacturing, fabrication and assembly services for the aerospace, defense and power generation industries.