Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, expanded its commercial services investment banking practice with the hiring of Andy Miller and Paul Majeski as senior managing directors.
BBH Capital Partners added Elena L. Tuttle and Karima Ali-Ahmad as vice presidents and business development officers. Previously, Tuttle was a business development officer with PNC Business Credit, while Ali-Ahmad previously worked for Guggenheim Partners.
Guggenheim Investments appointed Dina DiLorenzo and David Rone co-presidents of the company and managing partners of Guggenheim Partners. In addition, Anne Walsh was named a managing partner of Guggenheim Partners and Jerry Miller was appointed vice chairman of the Guggenheim Investments board.
Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, provided, on behalf of its clients, debt facilities to support the recapitalization of ALLO Communications.
Guggenheim Securities agreed to acquire Millstein, a restructuring advisor to companies investors, and sovereigns with expertise in sovereign advisory and financial institutions.
Carl Mayer joined Guggenheim Securities as a senior managing director. Mayer will focus on the origination, structuring and distribution of leveraged loans and high yield bonds.
Aspect Software received court approval for its pre-arranged agreement, which results in the reduction of more than $320 million of prepetition indebtedness. The arrangement was led by affiliates of GSO Capital, Guggenheim and MidOcean Credit Partners.
Kabbage announced it has closed a $270 million facility. Guggenheim Securities acted as sole structuring and placement agent as well as administrator.