Luckin Coffee completed the restructuring of its financial indebtedness and emerged from the bankruptcy proceeding commenced with respect to the company as debtor under Chapter 15 of Title 11 of the U.S. Bankruptcy Code.
First Eagle Investments entered into a definitive agreement to acquire Napier Park Global Capital, an alternative credit manager.
B. Riley Financial agreed to acquire FocalPoint Securities, an independent investment bank based in Los Angeles, for total consideration of up to $175 million.
Mizuho Americas signed an agreement to acquire Capstone Partners, an independent middle-market placement agent focused on fundraising and advisory services to private equity, credit, real asset and infrastructure investment firms.
Regions Financial, the parent company of Regions Bank, entered into a definitive agreement to acquire Clearsight Advisors, a mergers and acquisitions firm. Regions Financial plans to incorporate Clearsight Advisors into Regions Bank’s capital markets division.
Galaxy Universal, a portfolio company of Gainline Capital Partners, agreed to acquire the And1, Avia, Gaiam and SPRI brands from Sequential Brands Group for approximately $330 million. KKR led the debt financing for the acquisition and will participate as a co-investor.
An affiliate of Fundamental Advisors completed its acquisition of MMA Capital Holdings, an infrastructure finance company focused on providing debt financing for renewable energy projects, in an all-cash transaction valued at approximately $162 million.
H.I.G. Capital, a global alternative investment firm with $45 billion of equity capital under management, sold its portfolio company, US Medical Supply, to Advanced Diabetes Supply, a portfolio company of Court Square Capital Partners.
Houlihan Lokey, a global investment bank, acquired boutique advisory firm Baylor Klein as it continues to grow its corporate finance business in Europe.
JAKKS Pacific refinanced its existing term loan facility with a new first lien term loan facility from Benefit Street Partners and entered into a new $67.5 million asset-based revolving credit facility with JPMorgan Chase.