Stellus Capital Management provided senior debt financing and an equity co-investment in support of Summit Park’s acquisition of Michelli Weighing & Measurement, a provider of test and measurement services and equipment.
H.I.G. Capital, a global alternative investment firm with $59 billion of capital under management, and one of its affiliates completed the acquisition of Penhall Company, a provider of specialty concrete services.
KKR announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle loans from BMO Bank National Association, part of BMO Financial Group.
Banc of California completed its merger with PacWest Bancorp pursuant to which PacWest has merged into Banc of California and, as of today, Banc of California has merged into Pacific Western Bank. The combined bank will operate under the Banc of California name and brand.