U.S. Bank entered into a definitive agreement to purchase PFM Asset Management under its subsidiary, U.S. Bancorp Asset Management. PFM Asset Management will continue to operate as a separate entity. The agreement was signed on July 7 and is expected to close in Q4/21.
Schulte Roth & Zabel added Jeffrey Symons as a partner in the M&A and securities group and resident in the New York office. He joined the firm from Jones Day, where he served as a partner in the mergers and acquisitions group..
Barings Finance and Siemens Financial Services provided debt financing for aerospace-focused private equity firm J.F. Lehman’s acquisition of CTS Engines, a provider of maintenance, repair and overhaul services for aircraft engines.
Deutsche Bank provided debt financing for middle market private equity firm J.F. Lehman & Company’s acquisition of ENTACT, a provider of environmental remediation and geotechnical services.
The U.S. Bankruptcy Court for the District of Delaware approved all of Shiloh Industries’ “first day” motions related to its voluntary Chapter 11 petitions filed on Aug. 30, including approval of access of up to $18.1 million of the $123.5 million in committed debtor-in-possession financing.
Bank of America is serving as the administrative agent and lead arranger of a new $3.15 billion asset-based credit agreement for Macy’s. The agreement is part of $4.5 billion in new financing for Macy’s.
Deutsche Bank Direct Lending provided debt financing for the acquisition of Global Marine Group by an investment affiliate of J.F. Lehman & Company.