News

A Texas-based equipment rental and supply center had good financial reporting, but its lender was unwilling to lend against the company’s maximum accounts receivable due to debt levels, limited credit history and uncertainty about whether the company could maintain a...

Mohammed Shaheen rejoined Latham & Watkins’ Chicago office as a partner in the banking and private credit practice. Shaheen represents banks and private credit funds in complex credit facilities, leveraged and acquisition financings, and restructurings. “We are delighted to have Mohammed rejoin...

Jeff Beuche, a veteran mergers and acquisitions partner, has returned to the Perkins Coie’s Denver office. Beuche was previously instrumental in leading the firm’s M&A practice and is known for his practical, straight-forward counsel while guiding clients through successful transactions....

United Beren Energy Capital, an asset-based direct lender providing bespoke credit solutions to middle-market energy companies, and affiliates closed a senior secured term loan facility with Rio Grande E&P II and Atlantic Pearl Partners. The proceeds are intended to provide...

Northborne Partners added Robbie Kelley as a managing director to lead and expand the firm’s services advisory practice. Kelley brings 15 years of services M&A experience to Northborne, where he will focus on commercial, facility, residential and other key services...

Athena Capital, a global investment platform that backs tech-enabled companies on the verge of an IPO or strategic exit across the U.S. and developed markets, added Serena Dayal and Avi Golan as investment partners. In these roles, Dayal and Golan...

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, added Stephen Edelman as a senior managing director to help build the firm’s aerospace and defense (A&D) franchise, as well as to lead the overall industrials investment banking...

Pemberton Asset Management, a European private credit manager, achieved its fundraise target for its first time NAV Financing Core Fund I at $1.7 billion, with total assets raised across its NAV Financing and GP Solutions strategies now amounting to $2.7...

Wolfspeed, a global company in silicon carbide technologies, received court approval of its plan of reorganization. Wolfspeed expects to emerge from Chapter 11 protection in the next several weeks. Upon emergence, Wolfspeed expects to reduce its debt by approximately 70%,...

The PNC Financial Services Group entered a definitive agreement to acquire FirstBank Holding Company, including its banking subsidiary FirstBank, headquartered in Lakewood, CO. The combination will propel Colorado to one of PNC’s top markets nationwide, more than tripling PNC’s branch...