News

Middle-market private companies in the Golub Capital Altman Index experienced EBITDA growth of 31% and revenue growth of 21% in April and May 2021 compared with their April and May 2019 earnings and revenue.

Jefferies Financial Group and Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking and SMBC Nikko Securities (collectively, SMBC Group) entered into an alliance to collaborate on future corporate and investment banking business opportunities.

CIT’s power and energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, TX, and an adjacent 25-megawatt battery development.

Golub Capital reached a company record in originations in Q2/21, signing up more than $9 billion in retained and syndicated commitments and completing more than 95 new and add-on transactions. Originations in the quarter were 30% higher than Q4/20.

Golub Capital BDC, a business development company, originated $614.7 million in new middle-market investment commitments during the three months ended June 30, 2021.

U.S. Bank entered into a definitive agreement to purchase PFM Asset Management under its subsidiary, U.S. Bancorp Asset Management. PFM Asset Management will continue to operate as a separate entity. The agreement was signed on July 7 and is expected...

Tiger Group and Schneider Industries recently conducted an online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka, CA, that generated proceeds 15% greater than the sale partners’ expectations.

J D Factors recently provided $3.945 million in factoring facilities for 18 different clients.

Adam K. Joseph, managing director of MACCO Restructuring Group’s Las Vegas office, became the president of the Nevada chapter of the Turnaround Management Association.

Penfund completed a second lien debt and equity co-investment in Gastro Health. Penfund is the lead investor for a $90 million second lien credit facility and also invested $10 million in equity, both of which supported the acquisition of Gastro...