RBS Said to Be Unwinding Distressed Unit
Bloomberg reported that the Royal Bank of Scotland Group is winding down a distressed-debt unit as it scales back its investment bank to revive profitability, citing three people familiar with the matter.
Bloomberg reported that the Royal Bank of Scotland Group is winding down a distressed-debt unit as it scales back its investment bank to revive profitability, citing three people familiar with the matter.
ZS Pharma announced it secured a debt facility of up to $20 million with MidCap Financial.
KPMG Corporate Finance announced Director Joseph Schneider was named a winner of The M&A Advisor’s “40 Under 40 Recognition Awards” in the Dealmaker category.
Mississippi Resources announced it closed a senior debt and preferred equity investment with TPG Specialty Lending for a maximum amount of $55.5 million.
Legacy Electronics announced a new partnership with Gibraltar Business Capital for a new line of credit that will help fund the company’s planned growth and an expansion of the firm’s operations.
KeyCorp announced it entered into an agreement to acquire Pacific Crest Securities, a technology focused investment bank and capital markets firm located in Portland, OR.
Tennenbaum Capital Partners announced that Todd Jaquez-Fissori joined the firm.
Spending on healthcare mergers and acquisitions hit a new record for second quarter spending, according to Health Care M&A News .
Bloomberg reported senior lenders to Momentive Performance Materials filed a lawsuit in New York state court accusing junior lenders of violating an intercreditor agreement.
Gulf Coast Business Credit’s Adam Landry recently provided a $500,000 working capital finance facility to a printing company.