News

Triumph Business Capital closed the acquisition of the transportation factoring assets of Transport Financial Solutions for approximately $132.2 million, including contingent consideration of approximately $9.9 million.

Kayne Anderson Capital Advisors continued the expansion of its renewable investment platform with a series of solar investments in the second quarter. The firm also named Jon Levinson and J.C. Frey co-heads of its renewable platform.

Red Swan Risk is enhancing RiskON through Asset Control’s managed service offering, PaSSPort, to provide a seamless data experience to its clients.

Apollo Global Management formed Apollo Strategic Origination Partners, which will originate direct lending solutions and is anchored by Mubadala Investment Company. In addition, Apollo upsized and extended its partnership with Apeiron Management.

The ABI reported total commercial Chapter 11 filings during the first six months of 2020 increased 26% to 3,604 from the 2,855 total filings during the same period in 2019, according to data provided by Epiq.

Alterna Equity Partners completed a follow on $15 million preferred equity investment to its initial investment in Alterna Capital Solutions.

Digital Power Lending will begin offering loan services on its fintech portal DigitalPowerLending.com, and its other affiliated websites, and will begin brokering loans through various financial institutions beginning in Q3/20.

Asset Control, a financial data management company, and d-fine, a European consulting firm, launched an initiative to integrate d-fine’s quantitative analytics capabilities with Asset Control’s new market data warehouse.

The FFIEC highlighted potential risks from the transition away from LIBOR and encouraged supervised institutions to continue their efforts to transition to alternative reference rates.

A Haynes and Boone team represented Capitol Peak Partners in its winning joint bid with KKR to acquire Borden Dairy as a part of the milk producer’s 363 sales process to sell its assets out of bankruptcy.