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Daniel’s Jewelers Closes New Senior Credit Facility

Lastest from Businesswire - Tue, 03/18/2025 - 08:01
CULVER CITY, Calif.--(BUSINESS WIRE)--Daniel’s Jewelers, a 105-store nationwide jewelry retailer serving a growing and diverse customer base, today announced that it has closed on a new senior credit facility provided by SLR Credit Solutions, a leading provider of direct private credit to middle-market companies. Proceeds of the new credit facility have been used to refinance Daniel’s existing debt and provide the company with greater flexibility for growth opportunities. Daniel’s, a portfolio

Stone-Goff Portfolio Company JSI Acquires LogicomUSA

Lastest from Businesswire - Tue, 03/18/2025 - 08:01
BOSTON & NEW YORK--(BUSINESS WIRE)--Stone-Goff Partners (“SGP”), a lower middle-market private equity firm investing in technology-driven business-to-business service companies, today announced the acquisition of LogicomUSA (“Logicom”), a premier provider of voice, network, and 24/7 contact center services to broadband providers and electric cooperatives nationwide, by SGP portfolio company JSI. “This acquisition further solidifies JSI as a premier end-to-end solutions provider for broadband se

Radian Issues $1 Million Credit Line to Fund Affordable Housing in Philadelphia

Lastest from Businesswire - Tue, 03/18/2025 - 08:01
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that Radian Guaranty has issued a line of credit of up to $1 million to the Philadelphia Accelerator Fund (PAF), a Community Development Financial Institution (CDFI) that supports the development of affordable housing across Philadelphia. Established in 2019, PAF is a nonprofit loan fund with a mission of supporting the production and preservation of affordable housing and community development projects to benefit low-in

Monroe Capital Supports Milrose Consultants’ Acquisition of Construction Specifications, Inc.

Lastest from Businesswire - Tue, 03/18/2025 - 08:01
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Construction Specifications, Inc. (“CSI”) by Milrose Consultants, LLC, an existing portfolio company of Southfield Capital. Founded in 1974 and based in Morganville, NJ, CSI provides construction specifications and related services to architecture firms. CSI has contributed to both public and private re

Red Arts Capital Promotes Kenisha Leak to Vice President of Communications

Lastest from Businesswire - Tue, 03/18/2025 - 08:01
CHICAGO--(BUSINESS WIRE)--Red Arts Capital ("Red Arts"), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the promotion of Kenisha Leak from Senior Executive Assistant to Vice President of Communications. This promotion highlights Red Arts' commitment to cultivating talent and ensuring its communications speak to the needs of its investors, portfolio companies, and talent. In her new role, Leak will lead efforts to enhance internal and ext

Blue Point Completes Sale of Sylvan, Inc.

Lastest from Businesswire - Tue, 03/18/2025 - 08:01
CLEVELAND--(BUSINESS WIRE)--Blue Point Capital Partners is pleased to announce the sale of Sylvan, Inc. (“Sylvan”), a BPCP III portfolio company, to E3Tech. As a part of the transaction, Blue Point made a rollover investment in the company and is excited to continue its relationship with Sylvan, reflecting the firm’s strong confidence in the company’s future prospects. As the first institutional investor in Sylvan, Blue Point played an integral role in transforming the business into a scalable

Media Advisory: FHLB Dallas and Texas Capital Bank Award $100K Grant to Local Initiatives Support Corporation Houston

Lastest from Businesswire - Tue, 03/18/2025 - 08:01
HOUSTON--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Texas Capital Bank will award $100,000 in Heirs’ Property Program grants to the Local Initiatives Support Corporation Houston (LISC) during a ceremonial check presentation this week. Funds will be used to expand and preserve homeownership in Harris County. The media is encouraged to attend the check presentation, which will include representatives from the banks and LISC. Learn more about the F

ATLAS Welcomes Strengthened Commitment to Increased Shareholder Returns from SES Board

Lastest from Businesswire - Tue, 03/18/2025 - 05:01
LONDON--(BUSINESS WIRE)---- $SES #ATLASInfrastructure--ATLAS Welcomes Strengthened Commitment to Increased Shareholder Returns from SES Board

Mark Wiseman appointed Chairman of Alter Domus

Lastest from Businesswire - Tue, 03/18/2025 - 02:01
NEW YORK & LUXEMBOURG--(BUSINESS WIRE)--Alter Domus, the leading global provider of tech-enabled fund services for the private equity, real assets and private debt sectors today appointed Mark Wiseman as Chairman. Mr. Wiseman is the former Head of Active Equities and Chairman of BlackRock’s Alternatives Business, as well as President & CEO of Canada Pension Plan Investment Board (CPPIB). Following a successful tenure, René Beltjens will step down as Chairman but will retain his seat on the

Airbus Ventures Invests in Featherless.ai to Democratize Access to Open Source AI Models

Lastest from Businesswire - Mon, 03/17/2025 - 20:01
MENLO PARK, Calif.--(BUSINESS WIRE)--Airbus Ventures announces its investment in Featherless.ai, the leading serverless AI inference platform. Featherless.ai’s breakthrough innovation optimizes GPU utilization, eliminates costly downtime, and dramatically reduces operational costs, enabling Featherless.ai to offer AI inference at significantly lower costs. “AI has the power to transform industries and empower individuals around the globe. However, accessing and utilising a diverse range of mode

Air Lease Names Grant Newman as Treasurer

Lastest from Businesswire - Mon, 03/17/2025 - 20:01
LOS ANGELES--(BUSINESS WIRE)--Air Lease (NYSE: AL) announced today the appointment of Grant Newman as Senior Vice President and Treasurer, effective March 17. Grant Newman is an experienced finance, strategy and aviation executive, with over 20 years in finance, more than 15 of which have been in aviation and aerospace. He most recently served as the CFO of Elroy Air, an aerospace start-up, from 2021-2025, where he led the finance, supply chain, government affairs and legal departments. Prior t

ServisFirst Bancshares, Inc. Declares First Quarter Cash Dividend

Lastest from Businesswire - Mon, 03/17/2025 - 20:01
BIRMINGHAM, Ala.--(BUSINESS WIRE)--ServisFirst Bancshares, Inc., (NYSE: SFBS) (“ServisFirst”), the holding company for ServisFirst Bank, today announces: At a meeting held on March 17, 2025, its Board of Directors declared a quarterly cash dividend of $0.335 per share, payable on April 9, 2025, to stockholders of record as of April 1, 2025. About ServisFirst Bancshares, Inc. ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst B

X Machina Capital Strategies’ Chief Information Officer & Other Key Firm Partners to Serve as Featured Speakers at Wall Street Green Summit

Lastest from Businesswire - Mon, 03/17/2025 - 20:01
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--X Machina Capital Strategies (“XMC”), which acquires and develops transformational private investments in the energy sector, today announced that Richard Walker, the firm’s Chief Information Officer, will serve as a featured speaker at the Wall Street Green Summit in New York City tomorrow, March 18th. Specifically, Mr. Walker will discuss current strategic investment trends throughout the energy industry and emphasize the importance of leveraging sustain

Generational Group Advises Althoff Crane Service, Inc. and Buffalo Ridge Transport Inc. in its Sale to Centurion Group, A Portfolio Company of SCF Partners

Lastest from Businesswire - Mon, 03/17/2025 - 20:01
DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Althoff Crane Service, Inc., and Buffalo Ridge Transport Inc. (together, “Althoff”) to Centurion Group, a Portfolio Company of SCF Partners. The acquisition closed October 29, 2024. Althoff is a Minnesota-based crane rental company delivering heavy lifting solutions to onshore windfarm projects across the US Midwest. With cra

Tortoise Capital Announces Next Steps Following Completion of TEAF Strategic Review

Lastest from Businesswire - Mon, 03/17/2025 - 20:01
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Capital next steps following completion of previously disclosed strategic review of Tortoise Sustainable and Social Impact Term Fund (TEAF).

Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividends and Discloses Sources of Distribution Section 19(a) Notice

Lastest from Businesswire - Mon, 03/17/2025 - 20:01
CHICAGO--(BUSINESS WIRE)--The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Adviser”), authorized the payment of dividends on its common stock as follows: Per Share Amount Ex-Date Record Date Payable Date $0.07 April 30, 2025 April 30, 2025 May 12, 2025 $0.07 May 30, 2025 May 30, 2025 June 10, 2025 $0.07 June 30, 2025 June 30, 2025 July 10, 2025 The Fund adopted a managed d

Allegion to Host 2025 ‘Investor & Analyst Day’ in New York City

Lastest from Businesswire - Mon, 03/17/2025 - 17:01
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, will hold a “2025 Investor & Analyst Day” in New York City on Tuesday, May 6. President and CEO John H. Stone will lead this meeting, joined by Senior Vice President and Chief Financial Officer Mike Wagnes and additional Allegion executive leadership team members to discuss the company’s long-term strategy and vision for the future. This event will include formal presentations, wit

Law Offices of Howard G. Smith Encourages The Bancorp, Inc. (TBBK) Investors To Inquire About Securities Fraud Class Action

Lastest from Businesswire - Mon, 03/17/2025 - 17:01
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK) securities between January 25, 2024 and March 4, 2025, inclusive (the “Class Period”). TBBK investors have until May 16, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN THE BANCORP, INC. (TBBK), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPAT

KBRA Assigns Preliminary Ratings to Benchmark 2025-V14

Lastest from Businesswire - Mon, 03/17/2025 - 17:01
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2025-V14, a $939.2 million CMBS conduit transaction collateralized by 35 commercial mortgage loans secured by 61 properties. The collateral properties are located throughout 17 MSAs, of which the three largest are New York (13.9%), Seattle (8.6%), and Boston (8.0%). The pool has exposure to all major property types, with two types representing more than 10.0% of the pool balan

Millrose Properties Declares Inaugural Dividend and Provides 2025 Outlook

Lastest from Businesswire - Mon, 03/17/2025 - 17:01
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform (HOPP’R) for residential homebuilders, today announced a major milestone: its inaugural dividend of $65 million, or $0.38 per share of Class A and Class B common stock. The dividend will be paid on April 15, 2025 to shareholders of record as of April 4, 2025. This “stub” dividend covers the period from Millrose’s spin-off from Lennar Corporation (“Lennar”) on February 7, 2025 through

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