News

International Banker reported that August 15, 1969, the opening day of Woodstock, was also the date that LIBOR was created. Now the global benchmark is approaching its final hour, but what will replace it?

David B. Weir, Jr. has joined Grant Thornton’s Public Sector Healthcare practice as a managing director.

Quaker Chemical and Houghton International have combined to create Quaker Houghton, a global leader in industrial process fluids to the primary metals and metalworking markets. _x000D_ _x000D_ _x000D_ _x000D_

Jeff Sands of Dorset Partners has been awarded his third consecutive Turnaround of the Year Award by the Turnaround Management Association. _x000D_ _x000D_

Loot Crate’s first day motions were approved on an interim basis by the U.S. Bankruptcy Court. The Court authorized interim approval of the company's $10 million DIP financing.

Tradewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and home accessories to buyers located domestically and in the U.S. and Europe.

Funding Circle has loaned more than $10 billion to small businesses globally through its platform in less than a decade.

Ankura has appointed Richard Merino as senior managing director.

_x000D_ Crescent Capital Group has provided unitranche financing to support the acquisition of Hanson Wade by UK-based private equity firm Graphite Capital. Terms of the transaction were not disclosed._x000D_

CIT Group’s Healthcare Finance unit has served as sole lead arranger on a $60 million senior secured credit facility to Partners Pharmacy.