Flare Industries announced the acquisition of Jordan Technologies. Private equity sponsor Turnbridge Capital recapitalized Flare Industries in September 2011 and is providing the equity capital necessary to fund Flare’s acquisition of Jordan.
The Wall Street Journal reported that commercial and industrial loans outstanding jumped 14% to $1.45 trillion in July. The Journal noted that the growth rate is twice as fast as gains in overall bank credit.
U.S. CFOs are growing more pessimistic about the American economy, with hiring and spending plans significantly weakening, according to a recent Duke University/CFO Magazine Global Business Outlook survey.
The Federal Reserve said it will buy $40 billion of mortgage-backed debt per month until the outlook for the labor market substantially improves.
Unite Private Networks completed the acquisition of an 838 route mile fiber-optic network covering southeast Nebraska and the transfer of certain customer contracts from Zito Media. Debt financing for the transaction was arranged by RBC Capital Markets and SunTrust Robinson Humphrey.
SB Capital Group, Tiger Capital Group and Great American Group announced the formation of a joint venture to conduct a sale of all inventory in the 568 stores of women’s retailer Fashion Bug, a unit of Charming Shoppes, a recently acquired subsidiary of Ascena Retail Group.
Middle-market business executives say their companies have more cash, are adding employees and enjoying stronger revenue, but they remain quite guarded longer term, not seeing a complete economic recovery until 2014 or later, according to the 2012 Mid-Market Outlook Survey by KPMG.
Xander Media Group (XMG), publisher of the Monitor and ABF Journal, is excited to announce it is moving to a new location, effective Monday, September 17, 2012. In preparation for the move, the company will close its office in Wayne, PA at 11 a.m. on Friday, September 14.
Oxford Finance announced a $15 million round of debt financing for XDx, a molecular diagnostics company. Silicon Valley Bank acted as co-lender in this transaction.
Triangle Capital announced that it closed a $12 million investment in Parts Now!, consisting of subordinated debt and equity.