Philadelphia-based middle market mezzanine debt and equity fund Boathouse Capital has backed Florida-based Energy Planning Associates. Boathouse Capital invested $6.0 million of subordinated debt, along with capital from EPAC’s founders and co-principals Mike Brennan and Jason Plourde. Wells Fargo provided senior debt financing. PRESS RELEASE Boathouse Capital, a middle market mezzanine debt and equity investment [...]

Intervale Capital has bought Allied Oil & Gas Services. Financial terms weren’t announced. Wells Fargo & Co. provided debt financing. Fort Worth, Texas-based Allied Oil provides cementing and acidizing services.

Parthenon Capital Partners agreed Thursday to acquire Wells Fargo & Co.’s H.D. Vest Financial Services business.  H.D. Vest’s existing management team, led by Roger Ochs, will continue to operate the Irving, Texas, business.No financial terms were disclosed. PRESS RELEASE Parthenon Capital Partners and Wells Fargo & Company (NYSE: WFC) have entered into a definitive agreement [...]

NEW YORK, May 4 (Reuters) – Wells Fargo Securities, part of Wells Fargo & Co., said on Wednesday it has hired John Jinishian to head up its West Coast technology mergers and acquisitions group.

Wells Fargo has been on a hiring spree lately; earlier this week Reuters reported JPMorgan’s Mark Solomons and Akhil Ahuja joined the bank’s tech banking team.

NEW YORK, May 2 (Reuters) – JPMorgan Chase & Co. lost two West Coast technology investment bankers to competing firms last week, according to a source familiar with the matter. Mark Solomons, a managing director who was responsible for technology mergers and acquisitions at JPMorgan, will be joining Morgan Stanley’s technology group in Menlo Park, [...]

(Reuters) – Wells Fargo Bank sued Lone Star Funds alleging that the private equity firm, which won the bid to buy Accredited Home Lenders Holding Co in 2007, implemented a deliberate scheme to purchase the firm for significantly less than the auction price. Shortly after entering into a merger agreement with Accredited, Lone Star made [...]

Wells Fargo has committed $1.2 billion to venture capital affiliate Norwest Venture Partners, nearly doubling the amount it had invested just three years earlier. Norwest Venture Partners will invest the money in technology startups and other growth-stage private companies based in the U.S., India, Israel and China over the next three to four years, says [...]

NEW YORK (Reuters) – Investors who bought debt that helped finance an $8 billion buyout of the now troubled Extended Stay hotel chain have sued banks that provided much of the financing, accusing them of scheming to seize the properties and wipe them out. The case stems from Lakewood, New Jersey-based Lightstone Group LLC’s purchase [...]

NEW YORK (Reuters) – Wells Fargo & Co has halted its bonus program for a handful of top executives, the bank said in a regulatory filing on Friday. Chief Executive John Stumpf, Chief Financial Officer Howard Atkins, Chairman Richard Kovacevich and senior executive vice presidents David Hoyt and Mark Oman will not receive cash bonuses, [...]

I’m confused. I hear all kinds of doom and gloom about how bankrupt companies can’t find debtor-in-possession (DIP) financing. They’ll be forced into Chapter 7 liquidation! Everybody panic!

But then I see stories like this, where lenders insist, “By no means is the DIP market really dead.” For example, Kevin Phillips of Bank of America says that putting new money into the DIP market is “exciting” at the moment, Dealscape reports.

So what is it? DIP or no DIP? I asked a mid-market lender to clear things up. For starters, there are different approaches to DIP lending. There’s defensive lending, which is when you’re already exposed