Tiger Group’s Commercial & Industrial (C&I) Division posted record sales of pro-grade audiovisual equipment in 2020, due in part to the need for live-event production companies to liquidate excess and underutilized gear as a result of business challenges created by Covid-19.

Brightwood Capital Advisors, a leading private credit firm focused on providing capital to growing North American middle-market businesses, today announced its 2021 promotions including Russell Zomback to Chief Financial Officer, Mike Katz to Managing Director, Investments and Chris Malone to Director, Investments.

Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced that the Pitney Bowes Bank has signed a term loan and accompanying revolving line of credit, demonstrating its continued commitment to the small- and mid-market business community. The term loan was signed with pharmaceutical ingredient wholesale distributor SST Corporation (SST) of New Jersey and provides consolidation of existing debt. In addition, a revolving line of credit was extended to help the business compete and grow.

Bank Leumi USA announced today that it has booked and funded a $23.5M deal with Prestige Care, a third-generation family operator of 80 senior living and rehabilitation centers across eight states in the western United States. The deal includes a significant treasury management relationship for Leumi in the West Coast region.

Otterbourg P.C. announced today that Thomas P. Duignan has been named co-chair of the firm’s Finance Department. Mr. Duignan represents many prominent banks, commercial finance companies and other institutional lenders in connection with a wide range of transactions. He will join co-chair David Morse in guiding a financial group at Otterbourg that is firmly established as an industry leader.

The Company has retained Morgan, Lewis & Bockius L.L.P. as its legal counsel, RCS Real Estate Advisors to advise on all store leases, and KCP Advisory Group LLC’s Jacen Dinoff as Chief Restructuring Officer. The Company is seeking financing upon Bankruptcy Court approval to fund ongoing operations during the restructuring process.

Katten announced today that it has added highly regarded bankruptcy attorney Peter Knight to its Insolvency and Restructuring practice in Chicago, bolstering a national group that has been increasingly in demand as it continues to take on key roles in some of the most noted bankruptcy cases, representing debtors, independent directors, key creditor constituencies and stakeholders in major Chapter 11 and Chapter 15 cases throughout the country.

BHI, a full-service commercial bank, announced that its Food & Beverage Group has arranged a total of $61.6 million in two new financing transactions for clients Teasdale Latin Foods and Resnick Distributors. For Teasdale Latin Foods, BHI provided a revolving line of credit to refinance existing debt and support the working capital needs of the company.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), announced today the addition of Dave Ericksen to its Pacific Northwest (PNW) middle market banking leadership team as senior vice president and middle market director. Recognized as one of the PNW region's leading corporate bankers, Ericksen strengthens Umpqua's capacity to support the growth and evolution of the region's large middle market companies.

TAB Bank is pleased to announce the addition of Nilendu Saha to their Executive Leadership team as Chief Technology Officer. Nilendu comes to TAB Bank with over 25 years of experience in building and managing enterprise applications, data analytics platforms, and technology initiatives, and leading large and complex teams. As CTO of TAB Bank, he will be responsible for providing overall executive leadership and strategic direction for the entire Information Technology organization. His arrival at TAB Bank comes at a critical moment, as the bank is positioned to extend its reach into the Fintech marketplace with its Banking-as-a-Service/Open Banking platform and suite of APIs.

Biddeford Holdings LLC, a partnership between Gordon Brothers, the global advisory, restructuring and investment firm, and New Mill Capital, has acquired the real estate and machinery and equipment of a producer and marketer of packed bakery food. The assets include company-owned real estate and the machinery and equipment in Jacksonville, FL and Opelika, AL in addition to the company’s machinery and equipment at third-party facilities in Franklin, IN; Atlanta, GA; Biddeford, ME; and Rocky Mount, NC.

Consulting Solutions provides information technology staffing services with an expertise in handling a wide variety of IT projects, including establishing/converting/implementing various ERP and E-commerce platforms, cybersecurity tools and cloud migration. Consulting Solutions was established in 2016 by White Wolf Capital to facilitate a buy-build-hold strategy within the IT consulting and staffing industry.

Clear Thinking Group, the award-winning advisory firm, announced today that Partners Joseph Marchese, Patrick Diercks and Brian Allen have earned the Certified Turnaround Professional (CTP) designation by the Turnaround Management Association. The recognition of CTP demonstrates commitment, competency, and expertise in turnaround and restructuring.

The Maurice A. Deane School of Law at Hofstra University has named Jeffrey Hassan as the recipient of the 2020-2021 Moritt Hock & Hamroff Business Law Honors Fellowship and Korrine Utting as the recipient of the 2020-2021 Marc Hamroff '83 Annual Scholarship. The Fellowship is awarded to an incoming law student who has demonstrated outstanding academic achievements and an interest in pursuing a career in business law. The Scholarship is awarded to a deserving entering student on the basis of demonstrated academic achievement and/or financial need.

First Business Bank announces the closing of a $2 million factoring facility by its Accounts Receivable Financing group. The client provides consulting services in the telecommunication sector and is experiencing rapid growth due to the telecom sector’s expansion of 5G services.

Dean & DeLuca Completes Financial Restructuring and Successfully Emerges From Chapter 11 With Support From CFGI, Argus Management Corporation and Brown Rudnick LLP On Nov. 25, 2020, the Bankruptcy Court in the Southern District of New York confirmed Dean and DeLuca's Chapter 11 plan. The chain of upscale grocery stores and cafes filed a voluntary petition for relief on March 31, 2020. The Chapter 11 Plan became effective on January 28, 2021.

Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions, today announced that the company has completed the refinancing of its senior secured term loan A and term loan B with the net proceeds of a new 7-year, $950 million senior secured term loan B maturing in 2028. The interest rate on the new term loan B is LIBOR + 225 basis points.

North Avenue Capital (NAC), a leading provider of USDA-backed commercial loans, has provided a record $50 million in debt financing to the Thomasville Regional Medical Center (TRMC), an acute care hospital and medical campus in southwest Alabama. Due to the size of the project, the financing structure consisted of four different loans that will refinance existing debt, provide working capital, and fund the purchase of state-of-the-art medical equipment.

Ares Commercial Finance announced that it has provided a senior secured revolving line of credit to support the acquisition of Continental Battery Company by H.I.G. Capital, LLC. Headquartered in Dallas, TX, Continental Battery is a distributor of aftermarket batteries, used in a wide variety of applications including electric utility vehicles/golf carts, auto, commercial trucks and recreational vehicles/boats.

Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $95.0 million Credit Facility (the “Financing”) to ARCA Holdings, a manufacturer of cash automation solutions. The financing was used to repay certain existing debt.