Chairman and CEO Mike Price told investors that the Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) remains open to M&A, and even a transaction similar to the $151.5 million “merger of equals” it completed in July 2014 with the former Firstbank Corp.
If you want to sell your business this year, you still have a pretty good chance of cutting a favorable deal as the seller’s market continues.
Thell Woods finally is pushing ahead with a series of crowdfunding platforms across Michigan that small business owners can use to raise startup capital from local investors.
The $62 million investment in an Ann Arbor drug developer, the largest-ever venture capital investment in Michigan, has the potential to drive momentum in the state’s investment capital industry going forward.
Business advocates in Michigan are applauding the Legislature and Gov. Rick Snyder over changes made late last year to the state’s abandoned and unclaimed property process.
MiBiz kicks off the new year with a comprehensive special report on the region’s climate for raising, borrowing and lending growth capital. For local companies looking to expand or acquire, money is flowing as lenders and investors compete for deals. What’s driving the flow of capital and how long will the spigot remain wide open?
Michigan’s venture capital and angel investment industry is growing up fast, getting more sophisticated and starting to make later-stage investments into companies. Meanwhile, private equity firms continue to operate in a hot acquisition market, and family offices are taking a large presence as well and competing more for deals.
There’s little doubt among local executives that commercial lenders are eager to deploy capital to growing businesses. However, that willingness to lend changes when it comes to service-based companies or startup organizations
Not that it’s ever easy, but business owners have a greater array of options than ever when seeking financing for their companies. From private investor capital to bank debt, businesses with a good track record should have the ability to secure what they need, according to local finance professionals.
Dan Bitzer’s ascension to the role of president at First National Bank of Michigan followed a process that directors at the Kalamazoo community bank outlined years earlier.
Blackford Capital plans to spend 2016 raising money for a new private equity fund that will seek to build off the success of its first fund and invest in Michigan-based companies.
Economists say the quarter-point increase in a key interest rate will have little or no effect on the economy and represents the start of a return to normal after years at historic lows.
Legislation pending in Lansing would update and streamline state regulations over Michigan credit unions and potentially enable them to expand services.
Community banks based in West Michigan posted solid loan growth in the last few months, continuing recent momentum brought about by the state’s improved economy.
The adoption of final federal rules to allow equity crowdfunding now puts the focus on who will actually use it to raise capital for their business or to make an investment.