The Institute for Supply Management said its Non-Manufacturing Index indicated continued growth in August at a slighter faster rate, and economic activity in the sector grew in August for the 32nd consecutive month.
Fifth Street Finance announced it originated $220.6 million of investments from April 1, 2012 to June 30, 2012, an increase in $76.7 million from the previous quarter. Fifth Street ended the second calendar quarter of 2012 with approximate total assets of $1.3 billion.
Economic activity in the manufacturing sector contracted in August for the third time since July 2009. However, the overall economy grew for the 39th consecutive month, according to the latest Manufacturing ISM Report On Business.
Huron Capital Partners said it has recapitalized coffee and tea maker Ronnoco Holdings in a transaction marking the 60th investment overall for Huron.
Main Street Capital said it has completed a follow on $9.4 million investment in SAMBASafety Holdings to support the company
Reuters reported that Barclays formally notified the Financial Industry Regulatory Authority that it has discharged executive Ritankar Pal and derivatives trader Dong Kun Lee for their involvement in the ongoing investigations into the manipulation of the LIBOR.
Ketchum Directory Advertising (KDA) has announced the acquisition of select assets of TMP Directional Marketing, as well as the closing of a senior secured credit facility with Wells Fargo Capital Finance. FocalPoint Securities served as KDA’s exclusive financial advisor on both transactions.
According to a story posted by Property Investor Europe, GE Capital Real Estate has denied reports that it plans to exit direct property investment in Europe to concentrate on credit lending.
The U.S. Census Bureau reported July new orders and shipments for manufactured durable goods were up 4.1% and 2.5%, respectively, compared to June. YTD shipments of construction, machine tools, heavy-duty trucks and civilian aircraft post gains of 20% or better.
The latest measures of the small business economy signal business should prepare now for forthcoming economic weakness, according to July’s Thomson Reuters/PayNet Small Business Lending Index.