News

MidCap Business Credit closed a $25 million asset-based credit facility for a sponsor backed manufacturer of recycled plastic resins based in the Midwest. The credit facility is comprised of a working capital revolver and a machinery and equipment term loan....

Mitsubishi UFJ Financial Group (MUFG), a global financial group, closed a $75 million senior secured revolving credit facility for Activehours d/b/a EarnIn, an earnings management company. The facility, structured by MUFG, provides capital to help EarnIn’s product portfolio: Live Pay,...

Gordon Brothers, the global asset experts, has acquired Atlantic Risk Management Services (Atlantic RMS), a London-based firm specializing in accounts receivable audits and realizations. The acquisition expands Gordon Brothers’ valuation and corporate recovery capabilities in the U.K. and Europe and...

CohnReznick, a professional services firm, added Somer Washington as a partner in the financial sponsors and financial services practice. Based in Dallas, Washington has two decades of accounting, auditing and alternative investment experience. A Certified Public Accountant, Washington provides audit and attestation...

First Business Bank’s asset-based lending team closed and funded $7 million revolving line of credit to support an Illinois consumer products company restructuring in response to retail market disruption and global trade challenges. “This transaction demonstrates our expertise in working...

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Mooring USA by private equity sponsor Crossplane Capital. Founded in 2004 and headquartered in...

eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, arranged a $5 million asset-based lending (ABL) facility to support the expansion and working capital needs of a growing health and wellness...

Abacus Finance Group, a provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies, served as senior secured credit facilities administrative agent and sole lender to support the investment in Edwards Rigging & Moving by CORE Industrial...

More than 35 stainless-steel mixing and pressure tanks are among the highlights of a Sept. 9 online auction by Tiger Group and Keith Machinery. The timed, online auction closes on Tuesday, Sept. 9, at 10:30 a.m. (ET). Bidding opened on...

Latham & Watkins added Thomas Lee to its New York office as a partner in the mergers and acquisitions and private equity practice. Lee’s practice focuses on the full spectrum of asset management M&A transactions, including control transactions, minority GP stakes transactions and...