Milbank LLP advised MidCap Financial in its successful acquisition of substantially all of PNC Bank’s Franchise Finance loan portfolio.

MidCap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to businesses across all industries. MidCap’s years of experience, strong balance sheet, and flexibility make it a lender of choice for companies across all stages of growth and complexity. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc., pursuant to an investment management agreement.

The Milbank team was led by corporate partners Dean Sattler and John Franchini and special counsel Iliana Ongun, as well as finance partners Sean Solis, Al Pisa and Drew Fine. The Milbank deal team also included Bessie Qu, Cathy Zhu, John Williams, Christina Glover, Jared Axelrod, Grace Nealon, Max Goodman, Archan Hazra, Joel Krasnow and Kelly Bartley.

Midcap’s announcement of the transaction can be found here.