Wells Fargo Ex-CEO Banned from Banking, Fined $17.5MM by Regulators

The Wall Street Journal reported that former Wells Fargo chief executive John Stumpf has been barred by regulators from the banking industry and was fined $17.5 million over the firm’s fake-accounts scandal.

SSG Advises Papa Grande Gourmet Foods in Asset Sale

SSG Capital Advisors acted as the investment banker to Papa Grande Gourmet Foods d/b/a Garcia Foods in the sale of substantially all of its assets to an affiliate of Mission Consumer Capital.

Siena Lending Closes $76MM in New Facilities During Q4/19

Siena Lending Group completed seven new transactions exceeding $75 million in credit facilities during the Q4/19.

Lighthouse Provides $2.5MM Facility to Engine Heater Manufacturer

Lighthouse Financial completed a $2.5 million credit facility for a Tennessee based manufacturer of engine heaters and heavy-duty exhaust clamps and placards.

Huron Capital Hires New Human Capital Partner

Julia Kellogg has joined Huron Capital as a partner to provide leadership and oversight of all activities related to human capital management.

Stephano Slack Promotes Long-time Employee to Partner

Stephano Slack promoted Jay Brooks from senior manager to partner in the firm’s Accounting and Auditing department.

NXT Capital Supports Cortec Recap of Enthusiast Auto Holdings

NXT Capital has provided a senior credit facility to support Cortec Group’s recapitalization of Enthusiast Auto Holdings.

Crescent Provides Unitranche to Support Bencis Acquisition of Highcare

Crescent Capital has provided unitranche financing to support the acquisition of Highcare by Bencis.

Abacus Supports Custom Wheel House Recap by Thompson Street Capital

Abacus Finance Group served as administrative agent and sole lender for senior secured credit facilities to support the recapitalization of Custom Wheel House (CWH) by Thompson Street Capital Partners.

BHI Food & Beverage Group Arranges $16.5MM Facility for White Toque

BHI’s Food & Beverage Group has arranged a $16.5 million credit facility for White Toque, an importer and distributor of European specialty fine foods.