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.
Seacoast Banking Corporation of Florida has purchased certain assets, factored receivables and employee expertise of First Growth Capital, a commercial accounts receivable funding and small asset based facility group.
First Capital completed the sale of its three product businesses to separate buyers. Traditional factoring was sold to Sterling Bancorp, Recourse Factoring was sold to Seacoast National and Asset Based Lending was sold to Ares Commercial Finance.
Companies reportedly are increasingly turning to the capital markets to fund acquisitions, with $206.3 billion the amount companies have raised in the capital markets to fund acquisitions this year.
UMB Financial and the Pohlad family of Minneapoli announced a definitive agreement for UMB to acquire Marquette Financial Companies, a $1.3 billion financial services company owned by the Pohlad family.
Monroe Capital funded a subordinated debt facility to support the acquisition of the Lineage Capital stake in Mud Pie.