News

Ankura promoted four employees to the title of senior managing director: David E. Benkert, Scott Carr, David Manek and Evelyn Ni._x000D_

CIBC Innovation Banking provided $5 million in working capital financing to Geoforce, a global provider of field asset tracking solutions. The company will use the funds to accelerate its product delivery.

The Maryland Senate Finance Committee defeated S.B. 786, a bill that would impose a state-specific fiduciary standard on investment advice.

Bernhardt Nadell joined law firm King & Spalding as a partner in the Corporate, Finance and Investments practice group in the New York office.

Celtic Capital closed a $300,000 equipment loan with its most recent client, a Washington-based steel fabricator and installer.

WeedMD, a federally-licensed producer and distributor of medical-grade cannabis, entered into a credit facility of up to $39 million of secured debt financing with Bank of Montreal.

Former president and CEO of the prestigious Mayo Clinic, Dr. John Noseworthy, joined the board of directors of consulting firm AlixPartners. _x000D_ _x000D_

LBC Credit Partners provided senior secured credit facilities to support Tilia Holdings’ acquisition of Proven Partners Group.

Twin Brook Capital Partners served as administrative agent on the refinancing of Allied Dental, a Riverside Partners portfolio company._x000D_ _x000D_

Vanguard Natural Resources has voluntarily filed petitions for relief under Chapter 11. Citibank underwrote a $130 DIP facility to support the company through the bankruptcy process.