Farwest secures $6.5 mln from MB Business Capital

By Iris Dorbian — 14 hours ago

MB Business Capital, a division of MB Financial Bank N.A.,has provided a $6.5 senior credit facility to Moxee, Washington-based Farwest, a maker of metal parts from flat to finish. MB Business Capital was the sole lender and administrative agent on the financing. Farwest is a portfolio company of OneAccord Capital.


Atlas Merchant Capital-led group to buy 25 pct of Ascensus

By Luisa Beltran — 15 hours ago

An investor group led by Atlas Merchant Capital LLC is buying just under 25 percent of Ascensus. Financial terms weren’t announced. GIC, Singapore’s sovereign wealth fund, is part of the group. Ascensus, of Dresher, Pennsylvania, provides retirement-plan services. Barclays and J.P. Morgan provided financial to Ascensus, while Willkie Farr & Gallagher LLP acted as legal counsel to the company. Debevoise & Plimpton LLP acted as legal counsel to Atlas Merchant Capital and Sidley Austin LLP acted as legal counsel to GIC.


PE-backed Aveanna to buy Maxim’s home healthcare unit

By Iris Dorbian — 16 hours ago

Aveanna Healthcare, which is backed by Bain Capital and J.H. Whitney Capital Partners, has agreed to acquire Maxim Healthcare Services‘ home healthcare division. No financial terms were disclosed. The deal is expected to close in the second quarter of 2019. Edge Healthcare Partners, Barclays, BMO Capital Markets, Jefferies and Deutsche Bank provided financial advice to Aveanna on the transaction.


Law firm Pillsbury adds two to M&A and PE practice

By Iris Dorbian — 18 hours ago

Law firm Pillsbury has beefed up its M&A and private equity practice with two new additions. Jarrod D. Murphy has been added to the New York office as a partner while Ted Powers III is joining as special counsel. Previously, Murphy worked at Gibson Dunn & Crutcher LLP while Powers was at Willkie Farr & Gallagher LLP.