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.
Bumble Bee Foods has filed Chapter 11 and will receive $280MM in DIP financing in two separate facilities agented by Wells Fargo Capital Finance and Brookfield Principal Credit.
With the current economic winds blowing cold one day and hot the next, companies with solid brands may still find themselves in need of restructuring. Borrowers looking to right the ships of business may find that asset-based loans are the best way to regain solvency. Peter Ulmer explains all the advantages that ABLs offer to the borrower under stress.
Wells Fargo Capital Finance has added three new business development officers to its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.
Wells Fargo Capital Finance has named Jeremy Baker, Eric Baymiller, Dave Ellis, and Peter Pugliese as its U.S. sales leadership team for the Middle Market ABL group.
BMC Stock Holdings has increased its senior secured credit agreement, which includes a revolving line of credit from $375 million to $425 million.
Wells Fargo Capital Finance promoted Jack Morrone to division manager and Daniel Pfeiffer to head of Business Development in order to lead the bank’s Channel Finance division.
SG Credit Partners provided a $2 million second lien growth capital loan to a founder-owned staffing company which provides a full suite of employment solutions to IT, life sciences, and business services clients.