News

Tortoise Capital and 503 Capital Partners have entered into a definitive agreement for 503 Capital to acquire Tortoise’s private credit platform. 503 Capital is a newly-formed entity comprising the investment and management team of Tortoise’s private credit division.

Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of Q2/24. Revenue grew 7% during the same period.

B. Riley Securities served as exclusive financial advisor to the special committee at Via Renewables, an independent retail energy services company, in the acquisition of the company by a corporate entity owned by William Keith Maxwell III, CEO and chairman...

StrategyCorps, a provider of deposit analytics and retail and small business checking-related solutions, and Estancia Capital Partners, a lower-middle market private equity firm, have successfully closed on a capital partnership.

Archwest Capital secured a significant growth investment from Bain Capital. Bain Capital and its affiliates will acquire a controlling stake in the company, with management, led by CEO Shawn Miller, retaining a significant minority stake.

Tiger Group and Liquidity Services plan to hold a series of court-ordered online auctions related to the bankruptcy of national energy services firm El Dorado Oil & Gas (Bankruptcy Case No. 23-51715). The first two auctions in the series close...

A new survey from Grant Thornton, an audit, assurance, tax and advisory services firm, revealed that chief financial officers (CFOs) are optimistic about the U.S. economy. In fact, at 58%, this is the highest level of optimism since Q3/21.

Global law firm Clifford Chance advised LiveOak Fiber, an InfraRed Capital Partners portfolio company, in obtaining a $250 million capital expenditure facility to finance the expansion of fiber network in underserved communities in the southeast of the United States.

Sallyport Commercial Finance funded a $2 million invoice factoring facility for a distribution and storage company based in Western Canada. The company used the newly secured funds to facilitate the purchase of a new building.

KBRA UK assigned preliminary ratings to seven classes of notes issued by RRE 20 Loan Management DAC, a cash flow collateralized loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans.