Dresner Partners has named Mitchell Stern as managing director, Healthcare Investment Banking. Stern will be responsible for expanding Dresner’s healthcare and medtech practice. He will be located in New York City.
Moelis Capital Partners has appointed Frederick J. Florjancic, Jr. and Jim Murphy as executive advisors. Florjancic was most recently CEO of Safety-Kleen. Murphy, was previously CEO of American Safety Razor and Personal Care Group.
PRV Metals, a recently formed portfolio company of Platte River Ventures, announced that it had acquired 100% of the outstanding stock of TechSpec. Fifth Third Bank provided the senior debt financing for the transaction.
The Baltimore Sun reported GE Capital said the company remains “optimistic” that a solution can be reached with a Maryland steel mill after Governor Martin O’Malley asked Jeffrey Immelt to reconsider GE’s decision to freeze some of R.G. Steel’s funds.
AccuVal Associates has hired Jesse Speltz to manage its business development activities in the Southeast United States. Prior to joining AccuVal, Speltz was with FGI Finance as vice president of Business Development.
Bank of Ireland Corporate Banking announced that it has agreed to provide a package of loan facilities including a $9.7 million term loan facility maturing in July 2015 and a $1.8 million revolving 12-month facility for Escher Group Holdings.
The U.S. Bankruptcy Court in the Eastern District of Virginia (Richmond) granted approval for RoomStore Inc. to hire Hilco Group to conduct its going-out-of-business (GOB) sales at 18 locations, a BusinessWeek article said.