Hilco Acquires Consumer Lifestyle Brands
Hilco Brands acquired the Portico and Under the Canopy brands from New York-based Portico Brand Group. Hilco Brands will provide Portico Brand Group management with a variety of advisory services.
Hilco Brands acquired the Portico and Under the Canopy brands from New York-based Portico Brand Group. Hilco Brands will provide Portico Brand Group management with a variety of advisory services.
Bloomberg notes that rising bond yields are typically indicators of stronger economic growth and higher profits for banks. That might not be the case this time as a bull market in government debt shows signs of coming to an end.
Small business credit health has improved over the first five months of 2013, according to internal data from small business lender Direct Capital.
The U.S. could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, the International Monetary Fund said after wrapping up its annual review of the U.S. economy.
CIT released a behind-the-scenes video that highlights its collection of more than 30 tons of food for the Interfaith Food Pantry, a Morris Plains, NJ-based organization.
In an interview with Bloomberg, CIT CEO John Thain commented that with the big banks awash in deposits and not being able to generate attractive deposits, it is “obvious” that CIT would be an attractive takeover target.
Colford Capital said that Stellus Capital has provided it with $25 million in the form of senior secured notes. A portion of the proceeds will be used to fuel the expansion of Colford’s North Mill Capital.
A recent article on CFO.com noted that according to the Bank for International Settlements, when the amount of credit granted by banks and nonbanks is out of proportion with economic growth, a systemic financial crisis is on the horizon.
According to the May 2013 Biz2Credit Small Business Lending Index, big bank loan approvals for small businesses rose to 17.3%, as well as a 70% increase Y/Y.
ORIX Leveraged Finance said it closed a unitranche debt facility with Impact Facility Services. ORIX served as lead arranger, administrative agent and sole lender.