Coastal Sunbelt and MCG Capital—A Sign of Tough Times? Here is a follow-the-trail story. At the end of November, I noticed an SEC filing of a private placement of $20 million for something called “Coastal Acquisition Corp.” That is a sizeable capital raise. No press release. No indication of who this company was. So, we […]
Allied Capital–End of an Era, End of a Local Institution. In October, Allied Capital Corporation (NYSE:ALD) announced that it was selling to Ares Capital Corporation in NYC (NASDAQ:ARCC). Thus ends one of the most storied finance companies in the region—a company whose origins pre-date almost all of us who have benefited from having this expertise […]