Accel-KKR Credit Partners, Centre Lane Partners and Wells Fargo Capital Finance led a $67 million financing round for Salary.com, a compensation solutions provider. Prior investors H.I.G. Capital and Salary.com’s management also participated.
Old Compass Financial, a new field examination firm, commenced operations from its headquarters in Charleston, SC. The firm is led by Joel A. Good, an asset-based lending industry veteran with more than 24 years of field examination and audit experience.
Wells Fargo Capital Finance increased Alterna Capital Solutions’ asset-based credit facility by $30 million. The line increase brings the firm’s total credit facility to $110 million.
The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.
Alterna Capital Solutions completed an additional $15 million private equity investment from Alterna Equity Partners, coinciding with a line increase of $30 million from Texas Capital Bank to complement a $50 million asset-based credit facility led by Wells Fargo Capital Finance.
AJ Walter Aviation closed a $70 million senior secured credit facility with Wells Fargo Capital Finance (UK) as lead bank and Shawbrook Bank as participant.
American Commercial Lines has implemented a “pre-packaged” plan to recapitalize the business and significantly reduce the company’s debt under its previously announced Restructuring Support Agreement.
Wells Fargo Capital Finance (UK) worked with a newly formed European based investor group to support their acquisition of Puragen by providing a $7.5 million funding package on U.S. based assets.
Wells Fargo Capital Finance (UK) provided acquisition and working capital financing to funds managed by affiliates of Fortress Investment Group for the take private of Majestic Wine Warehouses – formerly part of Majestic Wine.
Wells Fargo Capital Finance (UK) worked with Bridgepoint Credit to provide Acorn Growth Companies with a funding package to support its acquisition of Aerospares 2000, a supplier of aftermarket parts to the commercial aviation industry.