Raymond James Financial and TriState Capital Holdings entered into a definitive agreement under which Raymond James will acquire TriState Capital in a combination cash and stock transaction valued at approximately $1.1 billion.
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.
Lenders and funds continue to explore innovative ways to include a wider pool of investors in the borrowing base. But care should be taken to understand the provisions of a fund’s constituent documents and side letters when considering such an approach.
Fund financing is one of the fastest growing areas of the leveraged loan market. Frederick C. Fisher, Zachary K. Barnett, Christopher M. Chubb and Anastasia N. Kaup explain the advantages of using fund level debt financing over traditional financing when acquiring portfolio companies.
Doug Donahue is joining Linklater’s New York Capital Markets practice as a Structured Finance and Derivatives partner. He joins from Mayer Brown along with counsel William Liu and associate Raha Brown.
Mayer Brown appointed Alex Dell as senior asset-based lending partner. Dell previously led DLA Piper’s Structured Finance Trade and Receivables term in the UK.
Mayer Brown announced International Financial Law Review named the firm Structured Finance and Securitization Team of the Year at the 2014 IFLR Americas Awards.
Mayer Brown announced it advised Macquarie Bank on a three-year €32.5 million ($44 million) facility for Sirius Real Estate. The facility will be used to refinance nine assets as part of a wider restructuring.