The Watermill Group completed an investment in the automotive industry with the acquisition of Experi-Metal. Cerberus Business Finance and the Business Credit division of PNC were lenders in the transaction.
ABF Journal contributor Lisa Miller spoke with five leading ABL lenders about the current landscape. After a lackluster 2015 and a slow start in 2016, they share their thoughts on changes in the economy and challenges that ABL lenders face. They look into their collective crystal ball, predicting a stronger second half for 2016.
AFI Group, a UK powered access equipment rental and training business, secured a £70 million ($76.05 million) refinancing from asset-based lender PNC Business Credit.
Reach4entertainment said it received an offer letter for a new ABL facility of up to $14.4 million with PNC Business Credit.
Lincoln International completed a financing for FKI Security Group, a portfolio company of Pfingsten Partners. The financing consisted of senior financing provided by PNC Business Credit and Medley Capital.
AccuVal-LiquiTec announced the recipients of its Customer Excellence Award. Insight Equity, KPS Capital Partners, Odyssey Investment Partners and PNC Business Credit were recognized for exceptional achievements.