Thomas C. Sweet, CPA, has joined Bluewater Transaction Advisors as a national team leader, Lender Analytics Group. Previously, he held senior management positions with national firms, and spent six years with CIT Business Credit.
Ares Capital said investment transactions closed in Q4/11 included three financing commitments to new portfolio companies totaling more than $640 million.
Main Street Capital said it completed lower middle-market portfolio investments totaling $42.7 million in the fourth quarter. In addition, the company said it completed private placement investments totaling $35.1 million.
TAB Bank provided $92.9 million in credit facilities for several businesses during the month of December. These facilities were provided for companies across a broad spectrum of industries.
In its latest monthly report, the Tatum survey of CFOs notes that business conditions have continued the upward turn seen last month. The report notes that capital expenditure commitments increased significantly to 30% from 21% in the past 30 days.
Wells Fargo Capital Finance announced the promotion of Kurt Marsden and John Leonard. Marsden, formerly the division manager of Technology Finance, will now lead the Business Finance group while Leonard will take over as division manager of Technology Finance.
GE Capital, Corporate Retail Finance is administrative agent and sole lender on a $65 million asset-based credit facility for Navarro Discount Pharmacy, an Hispanic-owned community drug store retailer in the U.S. The financing will be used to refinance debt and for general corporate purposes.
Two former Miller Buckfire managing directors have joined Centerview Partners to join its restructuring practice, a Bloomberg article said. John Bosacco and Jeffrey Finger departed from Miller Buckfire in August, and joined Centerview, which recently launched a restructuring practice.
CI Capital Partners announced that it has acquired the operations of The IntraPac Group, a manufacturer of specialty plastic packaging. GE Antares Capital, BMO Capital Markets, Madison Capital Funding and Audax Mezzanine provided financing for the transaction.
SK Capital Partners has signed a definitive agreement to create IBA Molecular Imaging, a jointly owned new company derived from the radiopharmaceutical division of IBA (Ion Beam Applications). ING is leading the debt financing of the transaction.