News

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.

A&G Real Estate Partners began marketing leases for approximately 280 store locations across the United States that are being closed by Stein Mart in connection with its voluntary Chapter 11 bankruptcy.

Boston Financial Investment Management, a wholly owned subsidiary of ORIX USA, agreed to acquire Boston Capital’s low-income housing tax credit fund portfolio. The closing of the transaction is subject to customary closing conditions and approvals.

Sixth Street Growth, the growth investing arm of Sixth Street, is closing a $50 million crossover equity investment in MDLIVE. The financing will support the expansion of MDLIVE’s virtual care platform.