News

As small business owners increasingly shun regular bankers’ hours, Kabbage reported 145,000-plus customers accessed more than 300,000 after-hours loans for a total of more than $1 billion in funding.

AlixPartners’ Spencer Ware and Ben Chesters have been recognized in M&A Advisor’s Ninth Annual “Emerging Leaders” Awards. Ware is a director in the firm’s Turnaround and Restructuring practice, while Chesters is a SVP in the same practice._x000D_ _x000D_

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart's Asda, which is valued at £7.3 billion ($9.7 billion).

Innergex Renewable Energy acquired a sizable 250MWAC/315 MWDC photovoltaic solar project located in Winkler County, TX from Longroad Energy Partners.

Interpublic Group agreed to acquire Acxiom Marketing Solutions in a cash transaction valued at $2.3 billion. Citi and JPMorgan served as financial advisors and provided committed debt financing to support the merger.

Cognac and spirits producer Rémy Cointreau signed a syndicated loan for €100 million ($116.572 million). Six banks funded the loan, including Natixis, Credit Agricole-CIB, Société Générale, HSBC, CIC and BNP Paribas.

Shadi Enos Jahangir joined Blank Rome as a partner in the Finance, Restructuring and Bankruptcy group and Financial Services industry team in the Los Angeles office._x000D_ _x000D_

Plantronics completed its acquisition of Polycom in a deal valued at $2 billion. Wells Fargo served as administrative agent for a new $1.275 billion term loan to support the transaction.

Cobalt Holdings' wholly owned Mexican subsidiary Cobalt Broadband Services closed a substantial credit facility with the Mexico Credit Opportunities Fund II, managed by Credit Suisse Asset Management.

Golden Gate Capital acquired The Learning Experience, a chain of early education programs for children six weeks to six years old. Varagon Capital Partners served as administrative agent on a senior secured credit facility to support the transaction.