News

Bibby Financial Services provided $35 million in commercial financing to 64 new clients in North America during Q4/17.

Alvarez & Marsal appointed Bill Waldie and John Kim as managing directors in its Disputes and Investigations practice in New York. Both men have experience in forensic investigations, anti-fraud compliance programs and regulatory reporting.

Trakopolis entered into a new $3.5 million secured credit facility with Silicon Valley Bank. The credit facility consists of a $1.5 million 36-month term loan and an up to $2 million accounts receivable line of credit.

Ankura appointed Alex Sorokin senior managing director, based out of New York.

Golub Capital’s Late Stage Lending team provided a $75 million growth financing to Apttus.

Robert Katz, managing director in EisnerAmper’s Bankruptcy and Restructuring Group, was named “Distressed M&A Deakmaker of the Year” by M&A Advisor._x000D_ _x000D_

OnDeck reported Q4/17 net income of $5.1 million compared to a net loss of $35.9 million for the same quarter in 2016. Q4/17 provision charges of $34.4 million compared to $55.7 million for the same quarter a year earlier.

GNC Holdings reached an agreement with Harbin Pharmaceutical Group for a joint venture in China. Concurrently, GNC is amending its credit facility agented by JPMorgan to extend the maturity date of the term loan and add a new $100 million...

Crowdfund Insider reported that Goldman Sach’s CEO Lloyd Blankfeld announced the bank’s fintech arm, Marcus, has originated $2 billion in consumer loans and has access to $17 billion in deposits.

Reuters reported that Bank of America Merrill Lynch, Barclays, Morgan Stanley, Deutsche Bank and UBS are leading the debt financing to support EG Groups acquisition of the Kroger Grocery chain’s convenience store unit.