Pathgroup recapitalization

Brentwood-based PathGroup Inc. has announced a $100MM recap, under direction of West End-based Brentwood Capital Advisors, which apparently used its $15MM Brentwood Capital Partners fund to help pull off the deal, which also involved BCA's frequent collaborator, Primus Capital Funds, as well as Bank of America, Fifth Third Bank and Chicago's Maranon Capital. BCA's filing last summer indicated the firm hoped to raise $25MM for its sidecar fund.

VW supplier park financing

Volkswagen's efforts to line-up Bank of America financing of its new supplier park advanced further this week, and it seems alles gut. The TFP reports.

VW VP and BoA boost reported

Bank of America will probably play a role supporting the supplier park being developed as home for an estimated nine companies, at the Volkswagen site in Enterprise South Park, at Chattanooga. Chattanoogan.com and TFP report it. The TFP reported, meanwhile, that former VW-US director of corporate communications Jill Brattina (left) has been promoted to VP, and she will integrate both corporate and brand communications in the States.

Ayers Capital formed

Ayers Capital LLC began operating this week as a registered investment advisory company providing services in Tennessee. The company is a JV between an affiliate of Parsons, Tenn.-based Ayers Asset Management Inc. and Chicago-based InterOcean Capital LLC. Principals include executives previously with U.S. Trust, Bank of America, SunTrust and InterOcean Capital.