Pacific Avenue Capital Partners acquires KiddeFenwal

Pacific Avenue Capital Partners Closes on KiddeFenwal Acquisition

Pacific Avenue Capital Partners, a middle market-focused private equity firm specializing in carve-outs and complex situations, has closed on its acquisition of KiddeFenwal, a world leader in designing and manufacturing industrial and commercial fire suppression systems and safety controls. The deal positions KiddeFenwal for substantial growth while allowing it to further expand its market share, […]

Vectra AI appoints Sailesh Munagala as CFO to drive profitable growth

Sailesh Munagala, Chief Financial Officer, Vectra AI

Vectra AI, Inc., the leader in AI driven XDR (extended detection and response), yesterday announced the appointment of Sailesh Munagala as Chief Financial Officer (CFO). Munagala is a hands-on finance executive with extensive experience in managing finance operations for at-scale high-growth technology companies. Munagala joins the executive team at a significant time, as Vectra AI expands the Vectra AI Platform to […]

Western Union strengthens partnership with Tencent for direct WeChat transfers

Western Union Expands Collaboration with Tencent Financial Technology

Western Union yesterday announced that it has expanded its collaboration with Tencent Financial Technology to partner with Tenpay Global, Tencent’s cross-border payment platform. Customers around the world can now send money from westernunion.com and Western Union’s app directly to their loved ones’ wallets and bank accounts based in China and available within Weixin — known globally as WeChat. Western […]

Ameriflight welcomes Patrick Fluegeman as New President and COO

Patrick Fluegeman, President and COO, Ameriflight

Ameriflight, the nation’s largest Part 135 Cargo airline, announces the appointment of Patrick Fluegeman as President and Chief Operating Officer. Fluegeman will be responsible for planning and executing current and future business operation strategies. He will amplify Ameriflight’s vision as the unparalleled leader in scalable, outsourced aviation services to the regional express airfreight market. “The […]

MCR and BLT completes USD 632Mln refinancing of 53-hotel portfolio

Homewood Suites by Hilton PhoenixAvondalE

MCR, and Building and Land Technology (BLT), a premier real estate firm that has developed more than 25 million square feet of real estate across commercial and residential properties, have closed a $632 million, three-year, fixed-rate financing on a portfolio of 53 hotels across the United States. “This refinancing is a validation of the quality of assets […]

GridBeyond secures Eur 52M series C funding round

GridBeyond Closes €52M Series C Funding Round to Continue Its Platform Evolution and Invest in New & Existing Markets

GridBeyond, the leading intelligent energy and smart grid platform provider for distributed energy resource management, has closed its €52M Series C financing round. The round was led by Alantra’s Energy Transition Fund, Klima. The Series C round also included new investors Energy Impact Partners, Mirova, ABB, Constellation and Yokogawa Electric Corporation as well as investment from existing investor, Act Venture Capital. Since its foundation […]

Walker & Dunlop secures USD 120Mln refinancing for a project in Nashville

Walker & Dunlop Arranges $120 Million Refinancing for Class A Mixed-Use Multifamily Project in Nashville’s Gulch Neighborhood

Walker & Dunlop, Inc. announced that it recently arranged $120,000,000 in financing for 1111 Church, Nashville’s newest Class A mixed-use multifamily community located in the heart of the vibrant Gulch neighborhood. The Walker & Dunlop Capital Markets team, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, and Michael Ianno acted as exclusive advisors to repeat client, […]

Patrick Carino joins The NRP Group as VP of Development

Patrick Carino, Vice President of Development, The NRP Group

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the hire of Patrick Carino as Vice President of Development. Leveraging more than a decade of experience in the Northeast region, Carino will originate and manage all aspects of market-rate development in New Jersey, New York, Connecticut, and Massachusetts. […]

Understanding leases in the U.S.: A simplified guide

Understanding Leases in the U.S. A Simplified Guide

For businesses operating within the United States, navigating the distinctions between a capital lease and an operating lease is a critical aspect of financial management and accounting. These classifications not only affect a company’s balance sheet and tax reporting but also play a significant role in strategic financial planning. This article offers a straightforward guide […]