News

NORTHBROOK, Ill. — Pinstripes Holdings, Inc. (OTC: PNST), a dining and entertainment brand combining bistro, bowling, bocce, and private event space,  has entered into a binding letter of intent (LOI) with funds managed by Oaktree Capital Management, L.P., an affiliate...

– Axios, in a recently published article, suggests that a weakening U.S. economy could provide a silver lining for private equity (PE) and venture capital (VC) funds struggling with a distribution drought. Traditionally, dealmakers thrive in a booming economy where...

– CIBC Innovation Banking provided a growth-focused credit facility to SpryPoint Services Inc., a leading provider of software for public utilities. SpryPoint Services Inc. helps utilities transform customer service and operations across a cloud-native platform. SpryPoint Services Inc.’s approach to...

–  Sunraycer Renewables LLC, a developer, owner and operator of clean energy power sites, announced today the closing of a $200 million credit facility with funds and accounts managed by HPS Investment Partners, LLC. The financing will support the development...

– The Sterling Group, L.P., a middle market private equity firm, announced today that it has completed the sale of Frontline Road Safety to Bain Capital. Frontline is the largest provider of pavement marking and ancillary services in the U.S....

– Flex, the fintech company that empowers business owners to automate their back offices and grow, today announced it has raised $225 million in equity and debt funding to accelerate the buildout of its payments infrastructure and personal finance software...

– First Citizens Bank announced that its Energy Finance business has served as lead agent on a $74 million financing of GridStor’s Hidden Lakes Reliability Project, a 220 MW / 440 MWh battery storage project in Galveston County, Texas. GridStor...

Established in 2021, a veteran-owned security guard staffing brokerage provides services to a wide range of commercial clients, including cannabis dispensaries. The company partners with other security staffing firms to supply labor on a 1099 subcontractor basis, enabling it to...

– Charlesbank Capital Partners, a middle-market private investment firm, announced the appointment of Michael Treisman as Managing Director, General Counsel and Chief Compliance Officer. Treisman has over 20 years of experience advising private fund managers and is well-known in the...

– O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ: OSBC), capped off a busy 2024 with new financing activity. O2 Sponsor Finance provided senior secured credit facilities to support Branford Castle Partners ("Branford Castle") in its acquisition...