News

First Bank provided a $9 million working capital revolving line of credit to a packaging distribution provider headquartered in Cranbury, NJ servicing across the U.S. and globally through international partners.

GreenFirst Forest Products entered into a $30 million term loan under the Softwood Lumber Program announced by the Government of Canada. The financing was arranged with the company’s banking partner, BMO, and is intended to support liquidity and ongoing operations...

Eve Air Mobility, a global company in the development of next-generation electric vertical take-off and landing (eVTOL) solutions, secured $150 million in debt financing from a syndicate of financial institutions. The five-year loan included Itau, Banco do Brasil, Citibank and...

LuminArx Capital Management formed a new lending partnership with SkyWorks to launch SkyLight Aero Finance, a dedicated platform providing secured debt solutions to the global commercial aviation market. SkyLight will initially seek to underwrite up to $1 billion of loans...

Janus Henderson Group, a global asset manager, entered into a definitive agreement to acquire 100% of Richard Bernstein Advisors (RBA), a research-driven, macro multi-asset investment manager. Richard Bernstein will join Janus Henderson as global head of macro and customized investing...

Thrive Financial, a Virginia-based technology platform for point-of-sale financing of home improvement projects, connecting homeowners, merchants and lenders nationally, closed an asset purchase facility with TPG, a global alternative asset management firm. Under the agreement, TPG has committed to purchase...

Northpoint Commercial Finance (Northpoint), a diversified finance company that provides flexible inventory lending and floorplan financing solutions, has partnered with Arctic Cat to be the exclusive financier of its dealer network across the United States and Canada. “Partnering with Northpoint...

Dechert hired Jim Wetwiska, a first-chair energy and technology trial lawyer and a board advisor in commercial transactions, to establish the firm’s upcoming Houston office. Wetwiska focuses on complex business, energy, product liability and software litigation, including business torts, health...

Milestone Bank appointed Mark T. Yung as chairman, CEO and president. In addition, Yung has been appointed as CEO board member of Milestone Capital Partners. Yung’s business building sophistication, which spans institutional banking leadership and hands-on operating experience as an...

Oaktree Capital Management and Anchorage Capital have built positions in the bankruptcy financing of First Brands Group, adding to the roster of investors involved as the auto parts supplier races to secure fresh liquidity, Bloomberg News reported. The two firms...