News

Northstar Capital, a provider of junior capital for middle market private equity transactions, placed an investment in Yale Cordage, a portfolio company of River Associates.

Rosenthal & Rosenthal completed several non-recourse factoring deals with furniture companies in Texas and North Carolina.

StoreBound, a client of White Oak Commercial Finance, recently signed an investment agreement with Groupe SEB, a multinational domestic equipment conglomerate, with the aim of reinforcing its presence in the U.S. housewares market.

Funds managed by Ares Management’s credit group closed approximately $1.7 billion in commitments across 24 transactions during Q2/20 and approximately $4.4 billion in commitments across 64 transactions in the year-to-date period.

Monroe Capital Corporation, a business development company affiliate of Monroe Capital, reported net investment income of $12.6 million, or $0.61 per share, in Q2/20 compared with $6.8 million, or $0.33 per share, for the quarter ended March 31, 2020.

ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, closed and funded a $30 million non-recourse factoring facility for a market technology services company.

Total commercial Chapter 11 filings in July 2020 increased 52% from the previous year, according to data provided by Epiq.

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.