Industry News Archives

Hayfin Capital Management Provides MiMedx with $75MM in Debt Financing

Hayfin Capital Management will provide MiMedx with $75 million in debt financing, including a five-year term loan facility in the aggregate principal amount of $50 million and a one-year, delayed draw term loan facility in the aggregate principal amount of $25 million.

Alterna Equity Partners Increases Equity Investment In Alterna Capital Solutions

Alterna Equity Partners completed a follow on $15 million preferred equity investment to its initial investment in Alterna Capital Solutions.

July 6, 2020 Alterna Capital Solutions | Alterna Equity Partners | Robert Konrad Phil Neuffer

Digital Power Lending to Offer Loan Services Through Fintech Portal

Digital Power Lending will begin offering loan services on its fintech portal DigitalPowerLending.com, and its other affiliated websites, and will begin brokering loans through various financial institutions beginning in Q3/20.

July 6, 2020 Darren Magot | Digital Power Lending | DPW Holdings Phil Neuffer

Asset Control, d-fine Partner to Market Data Management to Business Users

Asset Control, a financial data management company, and d-fine, a European consulting firm, launched an initiative to integrate d-fine’s quantitative analytics capabilities with Asset Control’s new market data warehouse.

July 6, 2020 Asset Control | d-fine | Hans Peter Wächter | Neil Sandle Phil Neuffer

Financial Regulators Issue Statement on Managing LIBOR Transition

The FFIEC highlighted potential risks from the transition away from LIBOR and encouraged supervised institutions to continue their efforts to transition to alternative reference rates.

July 2, 2020 Federal Financial Institutions Examination Council | FFIEC | LIBOR transition Phil Neuffer

Audax Private Debt Supports The Carlyle Group’s Acquisition of Unison

Audax Private Debt, as joint lead arranger and joint bookrunner, provided a senior secured credit facility to support The Carlyle Group’s acquisition of Unison.

June 30, 2020 Audax Private Debt | The Carlyle Group | Unison Rita Garwood

Utica Leaseco Provides $11.3MM to Agricultural Co

Utica Leaseco completed one transaction totaling $11.3 million. The refinance was secured by machinery and equipment to an agricultural company located in Michigan.

June 30, 2020 Utica Leasco Rita Garwood

Diligent Partners with Top PE Firms to Build Diverse Leadership Teams

Diligent introduced Modern Leadership, an initiative to provide senior leaders with the resources, insights, partnerships, and technology they need to further catalyze diversity in their organizations and modernize governance.

June 30, 2020 Diligent Corporation; Modern Leadership; Brian Stafford; Robert F. Smith; José E. Feliciano; Deven Parekh; David Grain; Crystal E. Ashby; Esther Aguilera; Janet Wong Rita Garwood

Tiger Sells More Than 95% of Former ECS Recycling Plant Assets at Auction

Tiger Group, Aaron Equipment, Rosen Systems and Perry Videx sold more than 95% of assets in a recent online auction of bankrupt ECS Refining’s former multi-medium recycling plant in Stockton, CA.

June 30, 2020 Tiger Group; Aaron Equipment; Rosen Systems; Perry Videx; Chapter 11 bankruptcy; John Coelho; David Goodman Rita Garwood

Angel Oak Capital Advisors Prices Shares of Fund to Invest in Debt Assets

Angel Oak Capital Advisors priced a registered public offering of 4.05 million common shares of the Angel Oak Dynamic Financial Strategies Income Term Trust, a closed-end fund that invests primarily in community bank debt assets and nonbank financials.

June 29, 2020 Angel Oak Capital Advisors | Angel Oak Dynamic Financial Strategies Income Term Trust | Cheryl Pate Phil Neuffer

Category: Industry News