News

U.S. small business lenders increased requirements to qualify for financing in H1/24 but are cautiously optimistic the market will improve, according to the Q1/24 SMB Lending Index released by Lendio.

Axis Arbor Partners, an international capital advisory firm, completed its 100th deal since inception, totaling over €25 ($27.1) billion of financing. The 100th transaction coincides with a number of U.S.-led financings amounting to $6 billion during 2024.

SSG Capital Advisors served as the investment banker to George L. Miller, the Chapter 7 trustee of Gelesis Holdings and certain affiliates, in the sale of substantially all assets to an affiliate of Theras Group.

TPG Twin Brook served as administrative agent on debt financing to support Gridiron Capital-backed Esquire Deposition Solutions’ add-on acquisition of Huseby Parent.

Ascension Advisory successfully executed a 3-building sale leaseback transaction for Jtec Industries. This strategic deal involved three key operational manufacturing properties in Illinois, which are integral to Jtec’s overall operations.

SG Credit Partners, through its consumer products division, welcomed Pacha Soap to its growing portfolio. SG’s senior debt investment will support Pacha’s continued growth.

Rosenthal & Rosenthal, a factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, recently completed a joint recourse factoring and purchase order financing deal.

Specialist asset-based lender Ultimate Finance secured £370 million in wholesale funding for the next three years, a combination of new and extended facilities. The news follows the recent announcement of its highest-ever six-month period for new business origination.

Trinity Capital, a provider of financing solutions to growth-stage companies, launched a new vehicle in partnership with Eagle Point Credit Management. Trinity’s wholly owned registered investment adviser will be an adviser to the new vehicle.

TPG Twin Brook served as administrative agent on debt financing to support Blue Sea Capital’s refinancing and DDTL upsize of SignatureMD; Andronaco’s add-on acquisition of Diamond Fiberglass Systems and Services; and OuterBox’s refinancing and add-on acquisition of TopSpot.