Credit

SoftBank weighs investing another $1 bln or more to WeWork: Financial Times

SoftBank is considering putting in an extra $1 billion or more to WeWork by changing the terms of a warrant agreement it struck this year with the company, the Financial Times is reporting. A SoftBank equity investment would unlock additional financing options for WeWork, which is in talks for a $3 billion to $4 billion loan from a consortium of bank, the story said.

CIBC supports search intelligence firm Adthena

CIBC Innovation Banking has provided US$5 million to Adthena, a search intelligence provider. The capital will be used for international expansion and technology investments. CIBC has offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver.

German online direct lender Kreditech inks funding

German online direct lender Kreditech has secured 20 million euros in funding. The investors included Runa Capital, HPE Growth and Amadeus Capital Partners.

Barings supports Forterro's acquisition of Abas Software

Barings provided a credit facility to back Forterro's acquisition of Abas Software, a German ERP vendor. No financial terms were disclosed. Forterro is backed by Battery Ventures.

Aktana grabs $20 mln from CIBC

CIBC Innovation Banking has provided US$20 million in debt financing to San Francisco-based Aktana, a provider of decision support for global life science companies. Aktana is backed by HLM Venture Partners, Leerink Partners, SafeGuard Ventures and Starfish Ventures. CIBC has offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver.

Goldman Sachs to provide $45 mln to Catasys

Goldman Sachs has agreed to provide $45 million to Catasys Inc, an AI and tech-enabled healthcare company. The capital will be used to retire Catasys' existing credit facilities, scale new contracts and expansions, provide product development and invest in additional technology enhancements.

Skyline Development Group secures $55.5 mln loan from Mosaic

Mosaic Real Estate Credit has provided a $55.5 million loan for Skyline Development Group. The capital will be used for construction financing for North Bergen, New Jersey-based Churchill Tower, a luxury condominium development.

iVexSol picks up $2 mln debt funding

iVexSol, a viral vector manufacturing company, has secured $2 million in debt funding. Casdin Capital LLC and BioLife Solutions were the lead backers.

CIT provides $18 mln to Denovo

Boulder, Colorado-based Denovo, a provider of managed IT services and enterprise resource planning consulting expertise, has secured $18 million in financing from CIT Group. Denovo is a portfolio company of M/C Partners.

PE-backed CDS snags credit facility from Crystal Financial

Computer Data Source, a provider of enterprise-level data center third-party maintenance, has secured a senior credit facility from Crystal Financial LLC. No financial terms were disclosed. New State Capital Partners acquired a majority stake in CDS in August 2019. CDS has offices in New Jersey, Canada, the UK, Germany, Australia and Hong Kong.