Record M&A Fuels Investment-Grade Loan Issuance
Huge takeovers reportedly will propel M&A loan volume from strong to certifiably robust, as deals were announced at a record-breaking pace in May.
Huge takeovers reportedly will propel M&A loan volume from strong to certifiably robust, as deals were announced at a record-breaking pace in May.
For the second half of 2015, deal-flow involving U.S. companies is expected to increase (39.5%) and the U.S. economy is expected to continue to improve (62.2%), according to a May Deloitte poll.
Sentinel Capital Partners announced acquired Corporate Visions.
TrueNorth Capital’s wholly owned subsidiary acted as exclusive financial advisor to Lindquist Steels in the sale of the assets of its Southeastern service centers to Cincinnati Tool Steel.
UMB Financial completed the acquisition of Marquette Financial Companies, a $1.4 billion financial-services company owned by the Pohlad family.
Go Scale, the investment fund that is purchasing Philips’ lighting components unit Lumileds, reportedly said it would fund the acquisition in part by raising $1.93 billion in debt.
Mackinac Partners announced corporate growth executive, Kevin P. Bruce, has joined the firm as senior managing director.
Dubai Aerospace Enterprise announced it will sell StandardAero to an affiliate of private equity firm Veritas Capital.
Triumph Bancorpannounced that its subsidiary banks intend to seek regulatory approval to merge into a single bank later this year.
Boston-based Karmaloop announced Comvest Partners, West Palm Beach and CapX Partners, Chicago, are acquiring Karmaloop’s businesses and investing significant growth capital into the business.