News

EducationDynamics has raised $80 million from WhiteHorse Capital Management to finance the acquisition of Thruline Marketing assets from Oaktree Capital Management. The company also raised $12.5 million from Encina Business Credit in the form of a revolving credit facility.

The U.S. Small Business Administration named Spell Capital Mezzanine SBIC Partners II of Minneapolis the 2020 Small Business Investment Company of the Year as part of National Small Business Week.

White Oak Commercial Finance’s government contracting finance division provided $4.5 million in factor and ABL-based credit facilities to three aerospace businesses providing specialized services to U.S. Defense agencies.

UMB Capital Finance recently closed four asset-based credit facilities with commitments in excess of $71.8 million.

Gerber Finance launched Naturally Gerber Finance, the company’s newly formed division focused on the natural products market. Andrew Hollingsworth, former CFO at Numi Organic Tea, who was hired by Gerber Finance earlier this year, will helm the new division.

Reech Corporations Group launched a new merchant banking and capital markets division and appointed Christopher Yoshida lead as CEO. The division will deliver financing needs to Reech Corporations Group as it invests in companies in finance, real estate and technology.

Leucadia Asset Management entered a relationship with FourSixThree Capital, which will be led by Scott Balkan as CIO, Bill Kelly as COO and chief compliance officer, Drew Newton as head of research and Rayan Joshi as head of restructuring.

Bryant Park Capital served as the exclusive financial advisor to Fast Cash Legal on the closing of a $25 million senior debt transaction with an institutional investor to the specialty finance space.

AlixPartners, Latham & Watkins, Hunton Andrews Kurth, Intrepid Partners and Rothschild & Co are representing Lonestar Resources, which entered into a restructuring support agreement with its largest stakeholders that will eliminate approximately $390 million in debt obligations.

Gordon Brothers was engaged to sell silica mining and processing assets and plant equipment located in Arcadia, WI, on behalf of Wisconsin Bank & Trust as secured lender.