Gordon Brothers, a global advisory and investment firm, supported Modus Subsea Services Limited (Modus) with a £5 million ($6.2 million) term loan.
Kingsway Financial Services acquired the privately-held company, Secure Nursing Service (SNS), the third such acquisition completed under the Kingsway Search Xcelerator Program.
Newtek Business Services, an internally managed business development company, entered into an agreement to acquire National Bank of New York City for $20 million in cash. The acquisition is part of a plan to reposition Newtek as a bank holding company.
Portman Ridge Finance and Garrison Capital have merged. The combined company will be externally managed by Sierra Crest Investment Management.
Goldman Sachs BDC completed its merger with Goldman Sachs Middle Market Lending. BofA Securities and Dechert served as financial and legal advisors to Goldman Sachs BDC, while Morgan Stanley and Eversheds Sutherland served as the financial and legal advisors to Goldman Sachs Middle Market Lending.
Garrison Capital and Portman Ridge Finance entered into a definitive agreement under which Garrison Capital will merge with and into Portman Ridge Finance, which is a business development company managed by Sierra Crest Investment Management.
Stacey T. Kern has joined Eversheds Sutherland as a partner in the M&A and Private Capital teams within the firm’s Corporate Practice Group.