News

The Regions Foundation, an Alabama-based nonprofit initiative of Regions Bank, will provide a series of grants totaling $375,000 for community development financial institutions (CDFIs) that are helping small businesses affected by the novel coronavirus.

CIT Group’s technology, media and telecommunications unit served as joint lead arranger and administrative agent for a $325 million round of financing for Mobilitie, a telecommunications infrastructure provider.

Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, completed an investment in Crossroads Treatment Centers, a portfolio company of Revelstoke Capital Partners.

As part of its Chapter 11 bankruptcy process, Dean Foods entered into an asset purchase agreement with MGD Acquisition for the sale of certain facilities in Hawaii, including its Hilo facility and related distribution branches on the Big Island, Kauai...

According to a report from Capgemini and Efma, 70% of fintech companies don’t culturally or organizationally see eye-to-eye with their bank partner, while only 6% of banks have achieved the desired ROI from collaboration.

Kevin Lavin, CEO of Ankura, was selected as a fellow of the American College of Bankruptcy. The honor is awarded annually to bankruptcy and restructuring professionals who have demonstrated exceptional contributions to the field.

According to data from Creditsafe, some Fortune 500 companies are increasingly delaying payments to suppliers during the COVID-19 pandemic.

Commercial Finance Partners was named one of the Inc 5000 Series Fast Growing Companies in Florida for 2020. The company was named the 144th fastest growing company based on increases in revenue and performance from 2016 to 2019.

Ernst & Young developed a Paycheck Protection Program (PPP) loan forgiveness platform built on Microsoft Azure and Power Platform.

CVC Credit Partners raised $657 million for its second U.S.-focused direct lending fund, CVC Credit Partners U.S. Direct Lending Fund II. The fund will follow the same strategy as its predecessor fund and invest in established U.S. middle market businesses.