Ontario Teachers’ to sell majority stake in Alliance to BDT

By Iris Dorbian — 4 months ago

BDT Capital Partners LLC has agreed to acquire a majority stake in Alliance Laundry Systems from Ontario Teachers’ Pension Plan. No financial terms were disclosed. After the deal closes, Ontario Teachers’ will retain a minority stake in Alliance. Morgan Stanley & Co. LLC, BMO Capital Markets Corp. and Bank of America N.A. provided financial advice to Alliance on the transaction. Alliance is a maker of commercial laundry equipment.


Wynnchurch promotes four to MD

By Iris Dorbian — 5 months ago

Wynnchurch Capital has promoted Brian Crumbaugh, Greg Gleason, Neel Mayenkar and Michael Teplitsky to managing director. Prior to joining Wynnchurch, Crumbaugh worked at ShoreView Industries and Piper Jaffray while Gleason was at Houlihan Lokey and Bank of America. Mayenkar’s work background includes positions at Houlihan Lokey and at PricewaterhouseCoopers and Teplitsky’s resume has stints at Lime Rock Partners and at UBS Investment Bank.


Tennenbaum Capital hires Bank of America executive

By Chris Witkowsky — 1 year ago

Tennenbaum Capital Partners has hired Carolyn Glick as a director in the Los Angeles office. Glick will source and execute credit investments across performing and special situations credit strategies. Prior to Tennenbaum, Glick was a senior vice president of Bank of America Business Capital.


Stratasys finalises $250m revolving credit facility

By Angela Sormani — 2 years ago

Stratasys has entered into a credit agreement with Bank of America for a five year revolving credit facility of up to $250 million. The company has the right to request increases in the facility of up to an aggregate of $75 million, subject to the agreement of the lenders and certain other conditions.