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Monroe Capital has closed a new collateralized loan fund. Fastly and Palo Alto make cybersecurity deals. PE news from Accel-KKR and Advent. Quarantine drives buyers like Zynga to look for mobile gaming deals. M&A among car dealerships is to pick up, according to Kerrigan Advisors.August 27
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American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.August 18
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The online small-business lending industry has been battered by the coronavirus pandemic, forcing many firms to halt new originations and extend relief to borrowers who have had to shut their operations for months, according to Bloomberg News.August 11
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Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.August 6
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Many sellers are ditching the loans to avoid the cumbersome forgiveness process. For others, the Paycheck Protection Program was never a strategic fit.August 5
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Insurers have become the biggest U.S. investors in the market, topping banks and hedge funds to amass a third of all domestic holdings.July 30
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The pioneering online lender had long struggled to live up to the hype that drove its early growth, even before the pandemic pushed it to the brink.July 29
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Lenders estimate that over the next five years, some 10 percent of new U.S. leveraged corporate loans could end up happening in the private market, a major shift from a year or two ago when large private deals were rare.July 28
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“It’s awesome to see the whole manufacturing community using their skills and expertise to help," says Watermill's Julia Karol. Analog Devices acquires Maxim Integrated to create $68 billion enterprise; E.W. Scripps sells Stitcher to SiriusXM.July 13
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The firm has tapped Larry Klaff and Lisa Galeota, both previously at Gordon Brothers Finance Co., to lead the effort.July 13
