News

Dechert advised Consor Holdings, a portfolio company of New Mountain Capital and a North American engineering and consulting firm, on its acquisition of Murfee Engineering Company (MEC), a Texas-based civil engineering firm specializing in water and wastewater. “The addition of...

First Business Bank welcomed Niamh Kristufek to its parent company, First Business Financial Services, as president of Specialty Finance. Kristufek brings extensive financial services experience to the role, providing strategic guidance and expertise to the bank’s accounts receivable financing, equipment...

Jared Cohen, a former senior partner at Fortress Investment Group, has joined Star Mountain Capital as a managing director. He will focus on sourcing and managing private market investments on the U.S. West Coast. Cohen brings more than 25 years...

VFN Holdings, a nationwide fiber infrastructure provider serving wholesale, carrier, technology, education and retail internet customers, expanded its existing credit facility to $240 million of committed capital with an accordion providing up to $310 million of total capacity. The facility...

U.S. Energy Development Corporation (USEDC), an exploration and production company focused on the development of energy projects for itself and its partners, closed a new $165 million syndicated revolving credit facility led by Citibank. The new facility, which provides USEDC...

Kilo Fund Management, a specialty provider of commodity inventory finance to North American middle-market companies, extended its $50 million asset-backed senior secured revolving credit facility. East West Bank, a company in structured finance, led the transaction and extended the maturity...

Cambridge Savings Bank (CSB), a full-service mutual bank with $7 billion in assets, announced that its Asset-Based Lending team has provided a $20 million revolving line of credit to Arctaris Impact Investors. Based in Wellesley, MA, Arctaris will use the...

Porter Capital, a company in specialty financing solutions, provided a $15 million credit facility for a newly-established entity in the transportation and freight services industry headquartered in Georgia. The client, with nearly a century of operational history and a strong...

Victory Park Capital (VPC), a global alternative investment firm specializing in private credit, hired Hugo Lestiboudois as principal. Lestiboudois, who brings over 10 years of experience in developing and operating legal finance strategies, will work alongside Richard Levy, CEO, chief...

Biz2Credit released its monthly Small Business Earnings Report for January 2025, which revealed that average monthly earnings were $32,300, the lowest level recorded in the past 36 months of data analyzed in the report. While average monthly revenues increased to...