News

Viad Corp closed on an agreement with funds managed by private equity firm Crestview Partners for the private placement of up to $180 million of preferred stock, and an agreement with its lender group to enhance its financial flexibility for...

Tiger Group, in partnership with Liquidity Services and Perry Videx, is accepting immediate offers to purchase assets from two syringe-filling/sterile drug compounding plants that had been operated by PharMEDium, a manufacturer of ready-to-use compounded sterile preparations.

Morgan Stanley Private Credit and Comvest Partners served as co-lead arrangers in providing $90.0 million in junior capital securities to von Drehle, a manufacturer of away-from-home paper products.

Gibraltar Business Capital is celebrating 10 years of serving middle-market companies with the access to liquidity they need to thrive. Over the past decade, GBC has supported more than 200 borrowers with $500 million in funding commitments.

Rosenthal & Rosenthal completed a multi-million dollar factoring deal with a California-based cosmetics business that shifted its production to aid in the fight against COVID-19.

During Q2/20, Ares Capital made $867 million in new investment commitments, of which $741 million were funded, including five new portfolio companies and 17 existing portfolio companies. Of the new commitments, 69% were in first lien senior secured loans.

Capital Southwest, a business development company that provides financing to support the acquisition and growth of middle market businesses, reported a total investment portfolio of $587.2 million in fiscal Q1/21, including a credit portfolio of $487.2 million.

Truist Financial’s corporate and investment banking businesses, SunTrust Robinson Humphrey and BB&T Capital Markets, integrated and are now doing business as Truist Securities.

RENEW Energy Partners, with private investment funds managed by Ares Infrastructure and Power, will acquire a portfolio of contracted energy efficiency and distributed power generation infrastructure projects serving the commercial, industrial and institutional end markets.

AlixPartners is serving as restructuring advisor and PJT Partners is serving as financial advisor for Tailored Brands, which entered into a restructuring support agreement with more than 75% of its senior lenders and filed voluntary Chapter 11 petitions.