FocalPoint Securities announced it advised Insight Imaging’s board with respect to the financial aspects of its recent merger with the Center for Diagnostic Imaging. Black Diamond Capital Management led an investment in Insight.
Carolina Piedmont Capital, a consulting and finance company within the healthcare industry, said it launched its improved website designed to meet the financing requirements of healthcare and dental professionals.
CIT Group will redeem the remaining $681 million of its 7% Series C Senior Unsecured Notes maturing in 2016. The company has eliminated or refinanced nearly $31 billion of high-cost debt since restructuring less than three years ago.
The Wall Street Journal reported that Lee Raymond, the “brusque” former chairman and CEO of Exxon Mobil, has been named by the board of directors to head a committee investigating the bank’s trading blunder.
Preqin said its research indicates that buyout funds are still carrying many portfolio companies purchased during the record breaking
Bloomberg noted in a news post that the gap between U.S. bank deposits and loans is growing at the fastest pace in two years, providing lenders with more funds to buy bonds and temper the biggest sell-off in Treasuries since 2010.
Ares Capital said that it plans to make a public offering of 19 million shares of its common stock.
Clayton, Dubilier & Rice (CD&R) and Illinois Tool Works (ITW) announced an agreement under which ITW’s Decorative Surfaces business will become a new, independent company operating as Wilsonart International Holdings. CD&R obtained financing from Barclays, Citigroup Global Markets, Credit Suisse, Deutsche Bank and others.
Specialty finance firm Wellington Financial said it closed a $6.6 million venture debt financing for a provider of digital marketing solutions.
According to a Fortune article authored by Sheila Bair, it wasn’t until an alert enforcement attorney at the Commodity Futures Trading Commission, which had no apparent jurisdiction, led an investigation that unearthed the LIBOR scandal.