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Gridiron Capital Partners with Legacy Service Partners
January 18, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced a growth investment in Legacy Service Partners, LLC (“Legacy” or the “Company”), a leading provider of residential heating, ventilation, and air-conditioning (HVAC), plumbing, and electrical services. Financial terms of the partnership were not disclosed.
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BMO Receives Regulatory Approval to Acquire Bank of the West
January 18, 2023BMO Financial Group (TSX: BMO) (NYSE: BMO), and its subsidiaries BMO Financial Corp. and BMO Harris Bank N.A. (together, "BMO"), today announced it has received all regulatory approvals required to complete its acquisition of Bank of the West from BNP Paribas (XPAR: BNP). BMO anticipates the acquisition will close on February 1, 2023, subject to the satisfaction of customary closing conditions.
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SLR Digital Finance Closes $2 Million Credit Facility for Alpha Precision Media
January 18, 2023SLR Digital Finance announces the completion of a three-year accounts receivable based credit facility for Alpha Precision Media, a leading advertising technology company providing managed service campaigns across the Amazon Ads ecosystem. Alpha drives results for its advertisers by planning, buying, and executing Connected TV and Digital Media campaigns on Amazon. They’re the only certified Minority-owned Business Enterprise with full-platform access across the Amazon ecosystem.
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Cahill Announces New Partner & Counsel Elections
January 18, 2023Cahill Gordon & Reindel LLP announced today that Christopher Bevan, Samson A. Enzer, Sesi Garimella, Mark Loftus and John MacGregor have been elected to the partnership in Cahill’s New York office, and Tom Rocher has been elected to the partnership in the firm’s London office. Cahill is also pleased to announce that the firm has elected Margaret Barone, Danielle Brown, Samir Kurani, Jennifer Potts, Sara Ortiz and Marc Shepsman as Counsel to the firm.
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RelPro Partners with Rivel, Enabling Banks & Credit Unions to Increase SMB Growth and Business Development Efficiency
January 18, 2023RelPro, announced today its latest partnership with Rivel Inc., a Management Consulting firm that uses data to align its clients with their shareholders’ and customers’ needs. The new partnership enhances both companies’ ability to support banks and credit unions looking to strategically attract new customers and retain existing clients.
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King & Spalding Adds Global Investigations Partner Olivia Radin in New York
January 18, 2023King & Spalding announced today that Olivia Radin has joined the firm as a partner on its Special Matters and Government Investigations team. She is based in the New York office. Radin brings a holistic approach to assisting global companies in addressing their challenges by acting as a trusted strategic advisor, conducting internal and regulatory investigations and advising on remediation and compliance enhancements, as well as defending clients during enforcement actions and disputes.
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eCapital Names Todd Zarin as Chief Legal Officer
January 18, 2023eCapital Corp. (“eCapital” or “the company”), a leading finance provider for businesses across North America and the U.K., today announced the appointment of Todd Zarin as chief legal officer. As part of the executive leadership team, Zarin will oversee eCapital’s in-house legal team and be responsible for all legal operations for the company.
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Party City Files for Chapter 11 Bankruptcy Protection
January 18, 2023Party City Holdco Inc (PRTY.N) filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending. Troubled retailers often seek bankruptcy protection following the holiday season to take advantage of the cash cushion provided by recent sales.
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Blank Rome Welcomes Bankruptcy and Agribusiness Finance Partner Joseph M. Welch in Orange County
January 18, 2023Blank Rome LLP is pleased to announce that Joseph M. Welch has joined the firm’s Orange County office as a partner in the Finance, Restructuring, and Bankruptcy practice group. A Certified Bankruptcy Specialist by the State Bar of California Board of Legal Specialization with a broad-based bankruptcy practice representing lenders and other creditors, Joseph also dedicates a significant portion of his practice to representing agricultural lenders and advising agribusiness and food companies on a wide range of corporate matters.
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FrontWell Capital Partners Provides $7.4 Million Senior Secured Credit Facility to Savor Street Foods
January 18, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a US $7.4 million secured credit facility with Savor Street Foods Inc. (“SSF” or the “Company”), a Pennsylvania-based food manufacturer producing an array of health‐conscious pretzel snacks. The facility, comprised of a revolver and a term loan, will be used by SSF to refinance its existing debt, as well as to provide improved liquidity to help meet strong customer demand and support the Company’s growth initiatives, including new brand and product launches.
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Maxim Commercial Capital Reports Robust 2022 Results
January 18, 2023Maxim Commercial Capital (“Maxim”) announced robust results for 2022, with increased originations each successive quarter. The hard asset secured lender and lessor launched a new credit tier program for truck financings that has proven popular among truck vendors and finance brokers. Maxim provides loans and leases from $10,000 to $3 million secured by class 8 trucks, heavy equipment and real estate for business owners across the nation. It funded purchase financings, equipment leases, working capital, and debt consolidations for customers located in 37 states during 2022.
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CVCredit Announces Rebranding Under the Name of Exitus Global
January 17, 2023After 20 years with the CVCredit brand and an extensive footprint in the U.S. and Latin America, CVCredit will rebrand under the name of Exitus Global. In February of 2020, CVCredit merged with Exitus Capital, which is as of today, one of the largest commercial finance companies in Mexico (NBFI).
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Kobes Joins CohnReznick as Managing Director, Value360 – Transactional Advisory
January 17, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Laura Kobes has joined the firm as a Managing Director in its Value360 - Transaction Advisory Services practice. Based in Virginia, Kobes will focus on leading and growing the firm’s dedicated Sale and Purchase Agreement (SPA) Advisory practice and on M&A dispute capabilities, both as the neutral arbitrator and as an advisor to buyers and sellers.
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Lighthouse Provides $6,000,000 Credit Facility to Tennessee Manufacturer and Distributor of Pharmaceutical Products
January 17, 2023Lighthouse Financial Corp. is pleased to announce the completion of a $6,000,000 credit facility to a Tennessee-based manufacturer and distributor of pharmaceutical products. Founded in 2001, the company markets and sells its own branded product lines of enemas, feminine hygiene products, over-the-counter medications, and personal care products. In addition, the company provides contract compounding and packaging for many private label brands.
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BHI Appoints Nitin Aeri as Head Of Cash Management
January 17, 2023BHI, a full-service commercial bank, announced that it has appointed Nitin Aeri as Head of Cash Management. Aeri brings to BHI more than 20 years of experience in treasury and cash management across commercial, corporate and multinational client segments covering the management of product P&L, sales, risk, payment and collection products and technology, as well as implementation and service processes.
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North Mill Unveils Powerful New Customer Portal
January 17, 2023North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender located in Norwalk, Connecticut, launched its online customer portal, a powerful, feature-rich digital platform designed to help the company’s nearly 15,000 customers self-manage their accounts 24/7.
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Getzler Henrich & Associates Named One of Top US Outstanding Turnaround Firms Again for 2022 by Turnarounds & Workouts
January 17, 2023Turnarounds & Workouts, the leading news magazine for corporate restructuring professionals, has again recognized Getzler Henrich & Associates LLC, with the prestigious honor of being selected as one of the top U.S. Outstanding Turnaround Firms. Getzler Henrich, founded in 1968, is one of the nation's oldest and most respected names in middle market corporate turnaround and restructuring.
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Kroll Announces Rachel Posner as Chief Client Officer
January 17, 2023Kroll, the leading independent provider of global risk and financial advisory solutions, announced today the appointment of Rachel Posner as Chief Client Officer and Managing Director in the Growth Team, based in New York. In this newly created role, she will be responsible for global client development and account management strategy and will oversee the strategic expansion of key partnerships.
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PNC Expands Its Environmental Finance Pledge To $30 Billion
January 17, 2023The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of environmental finance. Since then, PNC has completed $9 billion in environmental financing for its customers.
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OBE Power Secures Strategic Funding to Accelerate the Nationwide Expansion of its Electric Vehicle Charging Network
January 17, 2023OBE Power Networks (“OBE Power”) announces the closing of a senior secured funding facility with SUSI Energy Efficiency Fund II, managed by SUSI Partners, a Swiss-based infrastructure investment manager. The facility will support OBE Power in further advancing its unique EV Charging-as-a-Service (“EV CaaS”) offering to a fast-growing customer base in the live-work-play-learn ecosystem, thus enabling the company to expand its current Florida and Texas footprint to the entire country.
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Gridiron Capital Partners with Legacy Service Partners
January 18, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced a growth investment in Legacy Service Partners, LLC (“Legacy” or the “Company”), a leading provider of residential heating, ventilation, and air-conditioning (HVAC), plumbing, and electrical services. Financial terms of the partnership were not disclosed.
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BMO Receives Regulatory Approval to Acquire Bank of the West
January 18, 2023BMO Financial Group (TSX: BMO) (NYSE: BMO), and its subsidiaries BMO Financial Corp. and BMO Harris Bank N.A. (together, "BMO"), today announced it has received all regulatory approvals required to complete its acquisition of Bank of the West from BNP Paribas (XPAR: BNP). BMO anticipates the acquisition will close on February 1, 2023, subject to the satisfaction of customary closing conditions.
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SLR Digital Finance Closes $2 Million Credit Facility for Alpha Precision Media
January 18, 2023SLR Digital Finance announces the completion of a three-year accounts receivable based credit facility for Alpha Precision Media, a leading advertising technology company providing managed service campaigns across the Amazon Ads ecosystem. Alpha drives results for its advertisers by planning, buying, and executing Connected TV and Digital Media campaigns on Amazon. They’re the only certified Minority-owned Business Enterprise with full-platform access across the Amazon ecosystem.
-
Cahill Announces New Partner & Counsel Elections
January 18, 2023Cahill Gordon & Reindel LLP announced today that Christopher Bevan, Samson A. Enzer, Sesi Garimella, Mark Loftus and John MacGregor have been elected to the partnership in Cahill’s New York office, and Tom Rocher has been elected to the partnership in the firm’s London office. Cahill is also pleased to announce that the firm has elected Margaret Barone, Danielle Brown, Samir Kurani, Jennifer Potts, Sara Ortiz and Marc Shepsman as Counsel to the firm.
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RelPro Partners with Rivel, Enabling Banks & Credit Unions to Increase SMB Growth and Business Development Efficiency
January 18, 2023RelPro, announced today its latest partnership with Rivel Inc., a Management Consulting firm that uses data to align its clients with their shareholders’ and customers’ needs. The new partnership enhances both companies’ ability to support banks and credit unions looking to strategically attract new customers and retain existing clients.
-
King & Spalding Adds Global Investigations Partner Olivia Radin in New York
January 18, 2023King & Spalding announced today that Olivia Radin has joined the firm as a partner on its Special Matters and Government Investigations team. She is based in the New York office. Radin brings a holistic approach to assisting global companies in addressing their challenges by acting as a trusted strategic advisor, conducting internal and regulatory investigations and advising on remediation and compliance enhancements, as well as defending clients during enforcement actions and disputes.
-
eCapital Names Todd Zarin as Chief Legal Officer
January 18, 2023eCapital Corp. (“eCapital” or “the company”), a leading finance provider for businesses across North America and the U.K., today announced the appointment of Todd Zarin as chief legal officer. As part of the executive leadership team, Zarin will oversee eCapital’s in-house legal team and be responsible for all legal operations for the company.
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Party City Files for Chapter 11 Bankruptcy Protection
January 18, 2023Party City Holdco Inc (PRTY.N) filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending. Troubled retailers often seek bankruptcy protection following the holiday season to take advantage of the cash cushion provided by recent sales.
-
Blank Rome Welcomes Bankruptcy and Agribusiness Finance Partner Joseph M. Welch in Orange County
January 18, 2023Blank Rome LLP is pleased to announce that Joseph M. Welch has joined the firm’s Orange County office as a partner in the Finance, Restructuring, and Bankruptcy practice group. A Certified Bankruptcy Specialist by the State Bar of California Board of Legal Specialization with a broad-based bankruptcy practice representing lenders and other creditors, Joseph also dedicates a significant portion of his practice to representing agricultural lenders and advising agribusiness and food companies on a wide range of corporate matters.
-
FrontWell Capital Partners Provides $7.4 Million Senior Secured Credit Facility to Savor Street Foods
January 18, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a US $7.4 million secured credit facility with Savor Street Foods Inc. (“SSF” or the “Company”), a Pennsylvania-based food manufacturer producing an array of health‐conscious pretzel snacks. The facility, comprised of a revolver and a term loan, will be used by SSF to refinance its existing debt, as well as to provide improved liquidity to help meet strong customer demand and support the Company’s growth initiatives, including new brand and product launches.
-
Maxim Commercial Capital Reports Robust 2022 Results
January 18, 2023Maxim Commercial Capital (“Maxim”) announced robust results for 2022, with increased originations each successive quarter. The hard asset secured lender and lessor launched a new credit tier program for truck financings that has proven popular among truck vendors and finance brokers. Maxim provides loans and leases from $10,000 to $3 million secured by class 8 trucks, heavy equipment and real estate for business owners across the nation. It funded purchase financings, equipment leases, working capital, and debt consolidations for customers located in 37 states during 2022.
-
CVCredit Announces Rebranding Under the Name of Exitus Global
January 17, 2023After 20 years with the CVCredit brand and an extensive footprint in the U.S. and Latin America, CVCredit will rebrand under the name of Exitus Global. In February of 2020, CVCredit merged with Exitus Capital, which is as of today, one of the largest commercial finance companies in Mexico (NBFI).
-
Kobes Joins CohnReznick as Managing Director, Value360 – Transactional Advisory
January 17, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Laura Kobes has joined the firm as a Managing Director in its Value360 - Transaction Advisory Services practice. Based in Virginia, Kobes will focus on leading and growing the firm’s dedicated Sale and Purchase Agreement (SPA) Advisory practice and on M&A dispute capabilities, both as the neutral arbitrator and as an advisor to buyers and sellers.
-
Lighthouse Provides $6,000,000 Credit Facility to Tennessee Manufacturer and Distributor of Pharmaceutical Products
January 17, 2023Lighthouse Financial Corp. is pleased to announce the completion of a $6,000,000 credit facility to a Tennessee-based manufacturer and distributor of pharmaceutical products. Founded in 2001, the company markets and sells its own branded product lines of enemas, feminine hygiene products, over-the-counter medications, and personal care products. In addition, the company provides contract compounding and packaging for many private label brands.
-
BHI Appoints Nitin Aeri as Head Of Cash Management
January 17, 2023BHI, a full-service commercial bank, announced that it has appointed Nitin Aeri as Head of Cash Management. Aeri brings to BHI more than 20 years of experience in treasury and cash management across commercial, corporate and multinational client segments covering the management of product P&L, sales, risk, payment and collection products and technology, as well as implementation and service processes.
-
North Mill Unveils Powerful New Customer Portal
January 17, 2023North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender located in Norwalk, Connecticut, launched its online customer portal, a powerful, feature-rich digital platform designed to help the company’s nearly 15,000 customers self-manage their accounts 24/7.
-
Getzler Henrich & Associates Named One of Top US Outstanding Turnaround Firms Again for 2022 by Turnarounds & Workouts
January 17, 2023Turnarounds & Workouts, the leading news magazine for corporate restructuring professionals, has again recognized Getzler Henrich & Associates LLC, with the prestigious honor of being selected as one of the top U.S. Outstanding Turnaround Firms. Getzler Henrich, founded in 1968, is one of the nation's oldest and most respected names in middle market corporate turnaround and restructuring.
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Kroll Announces Rachel Posner as Chief Client Officer
January 17, 2023Kroll, the leading independent provider of global risk and financial advisory solutions, announced today the appointment of Rachel Posner as Chief Client Officer and Managing Director in the Growth Team, based in New York. In this newly created role, she will be responsible for global client development and account management strategy and will oversee the strategic expansion of key partnerships.
-
PNC Expands Its Environmental Finance Pledge To $30 Billion
January 17, 2023The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of environmental finance. Since then, PNC has completed $9 billion in environmental financing for its customers.
-
OBE Power Secures Strategic Funding to Accelerate the Nationwide Expansion of its Electric Vehicle Charging Network
January 17, 2023OBE Power Networks (“OBE Power”) announces the closing of a senior secured funding facility with SUSI Energy Efficiency Fund II, managed by SUSI Partners, a Swiss-based infrastructure investment manager. The facility will support OBE Power in further advancing its unique EV Charging-as-a-Service (“EV CaaS”) offering to a fast-growing customer base in the live-work-play-learn ecosystem, thus enabling the company to expand its current Florida and Texas footprint to the entire country.
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