SunTrust Banks has signed a definitive agreement to acquire online lender FirstAgain, a developer and operator of proprietary technology that offers completely digital and paperless origination, underwriting and servicing.
Prospect Capital announced that it and other third-party shareholders have executed a stock purchase agreement to sell their ownership interests in NRG Manufacturing Inc., a manufacturer of oilfield equipment. RBC Capital Markets is acting as financial advisor to NRG for the sale.
Greenbriar Equity Group announced the acquisition of PetroChoice, a distributor of petroleum lubricant solutions, from KRG Capital Partners. The Senior Secured Loan Program provided senior secured debt financing for the transaction.
99-Cent Only Stores completed its acquisition by affiliates of Ares Management, Canada Pension Plan Investment Board and the Gold/Schiffer Family. RBC Capital Markets, BMO Capital Markets and Deutsche Bank Securities provided committed financing for the transaction.
According to AdMedia Partners’ results of its annual survey of executives at media and marketing services companies, respondents are generally optimistic about prospects for their industries and their own businesses in 2012.