First Quarter, 2025

ACQUISITION FINANCING

The case studies, deals, sectors and issues driving middle market acquisition financing for 2025.

Top Story

Acquisition Financing in the Middle Market: The Shift to Alternative and Specialty Debt Solutions

Acquisition Financing in the Middle Market: The Shift to Alternative and Specialty Debt Solutions

Introduction: A New Playbook for Private Equity and Specialty Finance The middle market’s acquisition financing game has flipped over the past 15 years. Private equity (PE), armed with institutional capital hunting yield, and specialty finance, with its knack for creative solutions, have rewritten the rules. Gone are the days when bank-led cash flow lending ran the show. Since the 2008 Global Financial Crisis (GFC), sponsors...

Read moreDetails

Featured Articles

Featured Stories

Sector Spotlights

Sector Spotlights

The MCA ‘Restructuring’ Problem: What’s in a Word?

The MCA ‘Restructuring’ Problem: What’s in a Word?

What Does MCA Restructuring Actually Mean? The merchant cash advance relief market is difficult for business owners, lenders, and advisors to evaluate because the same words are often used to describe very different services. "Restructuring" is one of those words....

Featured Case Study

The Aaron’s Company, founded in 1955, leads the lease-to-own industry with over 1,200 stores and a strong e-commerce platform across the U.S. and Canada. In 2022, it acquired BrandsMart U.S.A., enhancing its market reach. In 2025, facing a complex take-private acquisition, Aaron’s partnered with Second Avenue Capital Partners (SACP). SACP provided a tailored lending solution, ensuring liquidity, stability, and growth potential, seamlessly guiding Aaron’s into private ownership with expertise and precision.

THE DIRECTORY:

Capital Sources and Service Providers