EVmo, a provider of vehicles to the rideshare, carshare and delivery gig economy industry, closed on $15 million in debt financing with Energy Impact Partners (EIP).
Penfund completed a second lien debt and equity co-investment in Gastro Health. Penfund is the lead investor for a $90 million second lien credit facility and also invested $10 million in equity, both of which supported the acquisition of Gastro Health by OMERS Private Equity.
Idea Financial, a provider of small business lines of credit, closed a new $84 million warehouse facility with Synovus Bank Specialty Finance and Hudson Cove Capital Management.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $7.5 million accounts receivable facility to a Peruvian manufacturer and exporter of apparel products to the United States.
GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships.
Horizon Technology Finance led a $10 million venture loan for RepTrak Holdings. Horizon Technology Finance funded $5 million of the loan and a private investment vehicle managed by Horizon Technology Finance Management, Horizon Technology Finance’s advisor, funded $5 million.
US LBM completed its acquisition of American Construction Source from Angeles Equity Partners and Clearlake Capital Group. Barclays and Credit Suisse led the debt financing for the transaction. Financial terms were not disclosed.
Funds managed by Ares Management committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector.
Gordon Brothers, a global advisory and investment firm, provided Malouf Companies with financing to fund its continued progress.
Alida (formerly Vision Critical), creator of a customer experience management (CXM) and insights platform, secured a $10 million debt facility from Comerica Bank.