News

Dennis K. Berman, financial editor of the Wall Street Journal, will join Lazard as a managing director in Financial Advisory, effective February 26.

Soundcore Capital Partners' portfolio company, Sweeping Corporation of America, entered into a $60 million credit facility with Comerica as the sole lead arranger and administrative agent for the facility.

According to a report issued by the Digital Journal, Goldman Sachs, JPMorgan Chase and Citi have the largest U.S. bank share of disclosed investments in fintech startups.

The Turnaround Management Association recognized Thomas J. Allison, CTP, with the Peter Tourtellot Award, a new honor recognizing outstanding leadership and volunteerism._x000D_ _x000D_

Deloitte Corporate Finance acted as the exclusive financial advisor to Detroit-based Buddy’s Holding Company (Buddy’s Pizza) on its partnership with CapitalSpring, a private investment firm focused exclusively on the branded restaurant industry.

The Corporate Banking unit of CIT’s Commercial Finance business arranged for $180 million in financing for HCT Group.

TCF Capital Funding provided secured financing to support Superior Capital Partners and Rostra Precision Controls in their acquisition of Auer Automotive._x000D_ _x000D_

Kai Haakon Liekefett joined Sidley Austin as a partner in the M&A group. He will lead Sidley’s shareholder activism practice out of New York. _x000D_ _x000D_

BioHiTech Global, a technology and services company that provides cost-effective and sustainable waste management solutions, secured a new $1 million credit facility with Comerica Bank.

B Capital Group, a digital technology investment firm that invests in healthcare, fintech, industrial logistics and consumer enablement companies, closed its B Capital Fund at $360 million.