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Sidley says it advised MidOcean on a lending venture with Idea Financial
Sidley said it represented MidOcean Partners in forming a joint venture with Idea Financial to provide up to $225 million for small business lending. The firm said the arrangement would let Idea expand beyond its existing credit lines and offer established small businesses larger financing options to support growth.
Key points
- Sidley described Idea Financial as a Miami-based, technology-enabled lender.Sidley
- The firm said Idea’s existing lines of credit reached up to $350,000.Sidley
- Sidley said Blair Belsky and Cherie Zhang led the global finance work.Sidley
- The firm said Jessica Day and Maddie Larock led the M&A work.Sidley