News

Reuters reported that Chinese carmaker Geely is raising €3.1 billion ($3.8 billion) in loans to support its stake in Volvo trucks.

Financial software company HPD has invested $1.9 million to grow its North American business and client base over the next three years. The company has also added Matt Bolock and Lisa Roberts to its team.

Sterling Bancorp agreed to acquire a $458 million outstanding loan and lease portfolio from Advantage Funding Management, a part of Macquarie’s Corporate and Asset Finance Group.

The Wall Street Journal reported that Amazon is speaking with big banks, including JPMorgan, about developing a checking-account-like product for its customers._x000D_ _x000D_ _x000D_

MB Business Capital provided a new credit facility to Las Vegas-based Cole Kepro International, a designer, developer and manufacturer of high performance slot machine cabinets and kiosks.

Cell-based medicine developer Mesoblast entered into a $75 million non-dilutive, four-year credit facility with specialty finance company Hercules Capital.

Healthcare tech company Inovalon agreed to acquire ABILITY® Network for an aggregate consideration of $1.2 billion in cash and restricted stock. Morgan Stanley Senior Funding will provide a $980 million term loan to support the acquisition.

Innovatus Capital Partners provided a $23 million term loan in a debt refinancing agreement with Biodesix, a molecular diagnostics company that develops and commercializes non-invasive, blood-based diagnostic tests for oncology.

Clayton, Dubilier & Rice-backed Motor Fuel Group completed its acquisition of MRH, the UK’s largest petrol station and convenience retail operator. The transaction is valued at approximately £1.2 billion ($1.6686 billion).

Troy Zander joined law firm Barnes & Thornburg to lead its new San Diego office as partner-in-charge. This is the firm’s second location in California, following the launch of the Los Angeles office in 2011.