Carrick Specialty Holdings, an international non-life legacy business providing reinsurance and run-off management solutions, and its Bermuda-based subsidiary, Carrick Holdings (Bermuda), entered into an agreement with Bank of Montreal to provide funding of up to $40 million for legacy transactions.
Dye & Durham entered into an approximately $1.8 billion committed senior secured credit facility. Ares Capital Management acted as administrative agent and lead arranger with respect to the new facility.
Deerfield Healthcare Technology Acquisitions closed its business combination with CareMax Medical Group and IMC Medical Group Holdings. The combination was partially funded by $125 million in financing from a $185 million credit facility from RBC Capital Markets and Truist Securities.
J.P. Morgan placed a $600 million term loan B offering with 90 investment firms for Concord, which will use the debt financing to partially pay down a revolving credit facility, allowing for additional capital availability for future acquisitions and working capital.
Gordon Brothers acquired the Laura Ashley brand, archives and related intellectual property from the Laura Ashley group’s U.K. administrators.
Michael Silva has joined the DLA Piper’s Government Affairs practice in NY. Previously with GE Capital, Silva led a global staff of 700 in overseeing compliance and regulatory activities across nine countries.
Accella Performance Materials announced the sale of specialty assets to PolyOne. The Valence Group acted as financial advisor and DLA Piper acted as legal advisor to Accella.
The DLA Piper Restructuring practice was recognized in three categories at the 2013 Turnaround Atlas Awards. Additionally, global co-chair Gregg Galardi was named among Turnaround Atlas Award’s Top 100: Global Restructuring and Turnaround Professionals.