News

Eighty-three percent of business owners expect their business sales to increase over the next year, according to a new Q4 survey from financial services firm Quickbridge Funding.

King Trade Capital added a new client to its growing business portfolio: a 26-year-old, Florida-based telecommunication supplier run by a seasoned team from the telecom service and distribution business.

Twin Brook provided financing to support Blue Point Capital Partners’ leveraged buyout and recapitalization of W.A. Kendall and Co.

Amerisource Business Capital funded of a $1 million credit facility to finance the acquisition of a textile processing company based in North Carolina.

Children’s specialty retailer Gymboree filed for Chapter 11 and entered an asset purchase agreement with Special Situations Investing Group. Goldman Sachs Specialty Lending and SSIG agreed to provide $30 million in DIP financing to support proceedings.

Regional general merchandise retailer Shopko filed voluntary petitions for a court-supervised financial restructuring under Chapter 11. Wells Fargo acted as administrative agent on $80 million in DIP funding to support the process.

White Oak Global Advisors funded over $2.5 billion in loans in 2018, while its affiliate, White Oak Healthcare Finance, closed on $1.4 billion in loans with more than 19 clients over the same time period.

MB Financial provided a senior credit facility and Avante Mezzanine Partners provided mezzanine debt to support Quest Products’ merger with OraHealth.

Tax and advisory firm Grant Thornton named Kim O’Connor its office managing partner in Boston.

Amerisource Business Capital closed and funded a $3.5 million credit facility for a wholesale fuel distribution company based in Texas.