News

Specialist asset-based lender Ultimate Finance has reported a record-breaking year in 2024, achieving new business milestones and significant growth across its lending portfolio. The company reached a record loan book of £342 million, with new business origination up by 11%...

Runway Growth Capital, a provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, committed $131 million in financing to VertexOne. The...

CIBC US promoted Ron Kerdasha, Ramsey Naber and Susan Lanz within its asset-based lending (ABL) team. Kerdasha, who has over 35 years of ABL industry experience, has been promoted to regional originations manager, covering the Great Lakes to the Atlantic...

ACON Investments and its affiliates acquired a controlling stake in True Religion, a lifestyle, apparel and accessories brand. Financial terms of the transaction were not disclosed. The transaction is supported by both new and continuing limited partners of ACON including...

First Citizens Bank’s healthcare finance division has provided more than $30 million in financing to Stockdale Capital Partners, a private equity real estate investment firm, for its acquisition of medical outpatient buildings in California and Texas. The properties included: A...

Partners and colleagues of HDA Accounting Group are joining EisnerAmper, a global business advisory firm, in a combination expected to close in early 2025. “This combination with EisnerAmper will allow us to enhance our clients’ experience through additional expertise, technology,...

Gordon Brothers, the global asset experts, has completed the purchase of Big Lots and facilitated the U.S. closeout retailer’s going concern sale. The purchase enables the transfer of Big Lots’ assets, including its stores, distribution centers and intellectual property, to...

In a further unraveling of Wall Street’s commitment to climate coalitions, BlackRock, the world’s largest asset manager, announced its withdrawal from the Net Zero Asset Managers initiative. This move, reported by The Wall Street Journal, marks a continuation of major...

MonticelloAM closed a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities. The working capital facility has a three-year initial term and will cover the day-to-day operating expenses...

Advanced Power, a developer, manager, and owner of diverse utility-scale energy-infrastructure assets, closed a $100 million corporate credit facility to further its corporate goals and company vision of advancing a sustainable, reliable energy future. The company was advised by PEI...