News

The PNC Financial Services Group has received the regulatory approvals required to complete its previously announced acquisition of FirstBank, including its banking subsidiary, FirstBank. Regulatory approvals have been received from the Board of Governors of the Federal Reserve System, the...

Lendmark Financial Services, a provider of personalized loan solutions, continued its expansion in Tennessee and Virginia, opening branches in Crossville, Tenn., and Blackstone, Va. The lender will also offer its other financing solutions in those regions, providing loans for customers...

Sallyport provided a $500,000 factoring facility for a growing natural energy drink company making major strides across North America. Referred by a trusted broker partner, this beverage brand was recently awarded national distribution with Target in the U.S., a milestone...

Essex Capital Group closed a $4.58 million senior debt facility for Protel Communications, d/b/a ProTelesis, a West Coast managed service provider with operations across Utah, California and Arizona. The debt financing comprised multiple facilities structured to support concurrent strategic initiatives:...

Dechert advised Motley Fool Wealth Management, a registered investment advisor managing over $1.5 billion in client assets, on its agreement to join the growing national organization of Apollon Wealth Management. The Dechert team that advised Motley Fool Wealth Management was...

TAB Bank closed a $15 million asset-based lending facility for Gehr Industries. The new financing will help Gehr maintain its position as a provider of electrical wire and cable, industrial supplies and related products throughout the United States and Canada....

MidCap Financial, a provider of credit solutions to the middle market, made key leadership appointments in accordance with its long-term succession planning. Effective Jan. 1, 2026, Josh Groman, current chief investment officer, will succeed Steve Curwin as CEO, and Randy...

Avocet Partners launched as a new insurance-focused investment and operating platform backed by $500 million of committed equity capital from funds managed by Oaktree Capital Management and Lane42 Investment Partners. Led by an experienced founding team of operators with a...

AIR, the AI-powered credit intelligence platform that delivers continuous, bias-free credit ratings for public and private credit, announced a $6.1 million seed round co-led by Work-Bench Ventures and Lerer Hippeau. Built by industry veterans from Moody's, DataRobot, Goldman Sachs, and Morgan Stanley, AIR...

Crayhill Capital Management, an alternative asset management firm specializing in asset-based finance, provided $150 million in to Rostrum Pacific, an independently operated full-service music company. The agreement broadens Crayhill’s media-rights investments within its asset-based portfolio. Additionally, it positions Rostrum Pacific...