Ravinia Capital sold Allied Healthcare Products to Allied Medical (dba Flexicare) through a Chapter 11 Section 363 sale process overseen by the U.S. Bankruptcy Court of the Eastern District of Missouri.
Allied Healthcare Products announced strategic transformation initiatives intended to improve operational effectiveness to better serve customers and help drive growth and profitability.
Prestige Capital led a syndicate of finance companies in increasing a West Coast staffing company’s credit line from $24 million to $100 million. The syndicate included Rosenthal & Rosenthal, Lenders Funding, Sterling Commercial Credit and Great Elm Capital.
Great Elm Capital, a business development company, acquired a majority equity interest in Sterling Commercial Credit, an asset-based lender.
Sterling Commercial Credit provided a credit facility to Napoleon Machine. Madison Street Capital acted as the exclusive financial advisor in the arrangement of the facility.