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Heritage Global Valuations ("HGV") Expands
February 24, 2020Heritage Global Valuations ("HGV") is pleased to announce the addition of William (Bill) Kleibenstein, ASA to its Machinery and Equipment valuation practice. Bill comes to HGV with over 30 years of appraisal experience and is based in our new Milwaukee, WI office.
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ABLC Opens California Office
February 24, 2020Asset Based Lending Consultants (ABLC) , one of the nation’s leading field examination outsource firms, is pleased to announce the opening of a new office in the Los Angeles, California area. This expansion helps to give ABLC a farther reach within the ever-growing ABL market. With an already global reach with offices in Hollywood, FL and London, England, the ABLC brand is only getting stronger.
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Artis Trade Systems Adds 5Star Bank in Colorado to Their Portfolio
February 24, 2020Artis Trade Systems (“Artis”) added another bank to ArtisPay, its supply chain finance (SCF) software platform. On December 2nd, Artis entered into an agreement with 5Star Bank, a community bank in Colorado Springs, CO.
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Moody’s and KBRA Upgrade Their Published Ratings on Stonebriar’s ABS
February 24, 2020Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, is pleased to announce a number of rating upgrades published by both Kroll Bond Rating Agency (“KBRA”) and Moody’s Investors Service (“Moody’s”) on its various asset-backed securities (“ABS”). Stonebriar is an experienced ABS issuer and servicer with approximately $2bn of outstanding ABS across 5 deals each backed by a variety of large ticket equipment asset types.
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California Bank of Commerce Welcomes Gokul Nair to its Treasury Management Group
February 24, 2020Nair joins California Bank of Commerce with more than 15 years of experience in commercial banking. He has held various positions with Wells Fargo, most recently serving as Vice President and Senior Treasury Management Consultant for the past three years. Nair was named Wells Fargo’s Top Treasury Consultant in 2018.
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Encina Business Credit, LLC Announces the Closing of a $25 Million Credit Facility with Etailz, Inc.
February 24, 2020Encina Business Credit, LLC (“EBC”) announces the completion of a $25.0 million senior secured revolving credit facility for etailz, Inc. The facility will be used to refinance an existing facility and to support etailz ongoing working capital, capex, and general corporate requirements.
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Wells Fargo Supports Refinancing of AJ Walter Aviation
February 24, 2020AJ Walter Aviation, part of the AJW Group (AJW), has closed a US$70m senior secured credit facility with Wells Fargo Capital Finance (UK) – part of Wells Fargo & Company – as lead bank and Shawbrook Bank (Shawbrook) as participant.
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Tiger Capital Group Provides Financing for Go Global Retail's Acquisition of ModCloth from Walmart
February 24, 2020Newly closed transaction highlights Tiger's growing focus on valuation, asset-monetization and strategic financing for e-commerce businesses and stakeholders.
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Fifth Third Teams With Online Lender to Offer Small-business Loans
February 24, 2020The $169 billion-asset Fifth Third will use a white-label lending service from Fundation that will allow it to approve and fund loans within a day. Small-business clients can apply for loans or lines of credit up to $100,000 through the new service, which the bank is calling Fifth Third Fast Capital.
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$6bn Advisor Team Joins UBS Private Wealth Management in Boston and Los Angeles
February 20, 2020UBS Private Wealth Management (PWM) is proud to announce that it has hired Denis J. Cleary and Gregory M. Devine, along with Analysts Abigail Harris, Seamus O’Neill, Mindi Chen and Christopher Carbone. Denis and Gregory will maintain offices in both Boston and Los Angeles.
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Haynes and Boone Recruits Experienced Finance Lawyers Jim Markus and Tim Johnston
February 20, 2020Markus and Johnston have spent the bulk of their careers handling complex finance transactions in a variety of sectors, including manufacturing, distribution, energy, and electronics. They represent lenders, including international and regional banks, private equity funds and corporate borrowers, and have particular experience handling syndicated and bilateral domestic and cross-border asset-based lending (ABL) transactions and leveraged financings in the commercial and industrial spaces.
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Sixpoint Announces Seven Promotions, Including Election of Shawn Schestag to Partner, and Andrew Gulotta and Sean Joffe to Managing Director
February 20, 2020Sixpoint Partners (“Sixpoint”), a leading global investment bank serving the middle-market private equity industry, today announced the election of Shawn Schestag to Partner, and the promotions of six others, including two to Managing Director. The promotions span across the Secondary Advisory, Distribution and Project Management teams. Mr. Schestag’s election and the additional six promotions are effective immediately.
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Larry Blackman Joins Phoenix Management Services as a Senior Director
February 20, 2020Larry Blackman joined Phoenix Management Services as a Senior Director in the firm’s Boston, MA office and brings to the firm more than 25+ years of experience in finance and operations.
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Bausch Health Announces It Is Seeking A Refinancing Amendment To Its Existing Credit Agreement And Conditional Redemption Of Existing Senior Secured Notes
February 20, 2020ausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") announced today that it is seeking to amend and refinance its existing credit agreement (the "Credit Agreement") in order to extend and reprice its existing term loan facility and revolving credit facility and make certain other amendments to the terms of the facilities in connection therewith (collectively, the "Credit Agreement Refinancing"). Additionally, the Company intends, subject to market conditions, to have Bausch Health Americas, Inc. ("BHA"), a wholly-owned indirect subsidiary of the Company, issue $3.25 billion of secured debt securities (the "New Debt Securities").
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Wingspire Capital Hires Will Bence as Principal in the Midwest
February 19, 2020Wingspire Capital, LLC (“Wingspire”) today announced that William Bence joined the firm as Principal, responsible for business development activities of Wingspire Capital in Chicago and the midwestern United States. Will joins Wingspire from Fifth Third Business Capital where he had nearly 15 years of experience, most recently leading the middle market ABL business development efforts in the Michigan and Ohio marketplace.
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Tiger Group Sets 2019 Sales Record for Pro-Grade AV Gear
February 19, 2020Company’s LA-based audiovisual vertical posts a 50 percent increase in total dollar volume for auctions, liquidations and turnkey sales in 2019; buyers and bidders increase by 40 percent.
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True Wind Capital Hires John Gray as Vice President
February 19, 2020True Wind Capital, a leading private equity firm focused on investments in targeted segments of technology, today announced the hiring of John Gray as Vice President.
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Rosenthal Provides $3 Million Factoring Facility for Georgia Based Chemical Company
February 19, 2020Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $3 million non-recourse factoring deal with Cady Industries, Inc., a specialty chemical manufacturer.
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Experienced Consumer Financial Services Attorney Lori Sommerfield Joins Ballard Spahr in Minneapolis
February 19, 2020Lori Sommerfield—a seasoned consumer financial services attorney with over two decades of legal and compliance risk management experience—has joined Ballard Spahr as of counsel in Minneapolis, firm Chair Mark Stewart announced today.
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Dairy Farmers of America Reaches Agreement With Dean Foods
February 19, 2020DFA to become stalking horse bidder to acquire substantial portion of Dean Foods assets and business. DFA is advised in this matter by Latham & Watkins, LLP, Bryan Cave Leighton Paisner, LLP and Houlihan Lokey.
-
Heritage Global Valuations ("HGV") Expands
February 24, 2020Heritage Global Valuations ("HGV") is pleased to announce the addition of William (Bill) Kleibenstein, ASA to its Machinery and Equipment valuation practice. Bill comes to HGV with over 30 years of appraisal experience and is based in our new Milwaukee, WI office.
-
ABLC Opens California Office
February 24, 2020Asset Based Lending Consultants (ABLC) , one of the nation’s leading field examination outsource firms, is pleased to announce the opening of a new office in the Los Angeles, California area. This expansion helps to give ABLC a farther reach within the ever-growing ABL market. With an already global reach with offices in Hollywood, FL and London, England, the ABLC brand is only getting stronger.
-
Artis Trade Systems Adds 5Star Bank in Colorado to Their Portfolio
February 24, 2020Artis Trade Systems (“Artis”) added another bank to ArtisPay, its supply chain finance (SCF) software platform. On December 2nd, Artis entered into an agreement with 5Star Bank, a community bank in Colorado Springs, CO.
-
Moody’s and KBRA Upgrade Their Published Ratings on Stonebriar’s ABS
February 24, 2020Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, is pleased to announce a number of rating upgrades published by both Kroll Bond Rating Agency (“KBRA”) and Moody’s Investors Service (“Moody’s”) on its various asset-backed securities (“ABS”). Stonebriar is an experienced ABS issuer and servicer with approximately $2bn of outstanding ABS across 5 deals each backed by a variety of large ticket equipment asset types.
-
California Bank of Commerce Welcomes Gokul Nair to its Treasury Management Group
February 24, 2020Nair joins California Bank of Commerce with more than 15 years of experience in commercial banking. He has held various positions with Wells Fargo, most recently serving as Vice President and Senior Treasury Management Consultant for the past three years. Nair was named Wells Fargo’s Top Treasury Consultant in 2018.
-
Encina Business Credit, LLC Announces the Closing of a $25 Million Credit Facility with Etailz, Inc.
February 24, 2020Encina Business Credit, LLC (“EBC”) announces the completion of a $25.0 million senior secured revolving credit facility for etailz, Inc. The facility will be used to refinance an existing facility and to support etailz ongoing working capital, capex, and general corporate requirements.
-
Wells Fargo Supports Refinancing of AJ Walter Aviation
February 24, 2020AJ Walter Aviation, part of the AJW Group (AJW), has closed a US$70m senior secured credit facility with Wells Fargo Capital Finance (UK) – part of Wells Fargo & Company – as lead bank and Shawbrook Bank (Shawbrook) as participant.
-
Tiger Capital Group Provides Financing for Go Global Retail's Acquisition of ModCloth from Walmart
February 24, 2020Newly closed transaction highlights Tiger's growing focus on valuation, asset-monetization and strategic financing for e-commerce businesses and stakeholders.
-
Fifth Third Teams With Online Lender to Offer Small-business Loans
February 24, 2020The $169 billion-asset Fifth Third will use a white-label lending service from Fundation that will allow it to approve and fund loans within a day. Small-business clients can apply for loans or lines of credit up to $100,000 through the new service, which the bank is calling Fifth Third Fast Capital.
-
$6bn Advisor Team Joins UBS Private Wealth Management in Boston and Los Angeles
February 20, 2020UBS Private Wealth Management (PWM) is proud to announce that it has hired Denis J. Cleary and Gregory M. Devine, along with Analysts Abigail Harris, Seamus O’Neill, Mindi Chen and Christopher Carbone. Denis and Gregory will maintain offices in both Boston and Los Angeles.
-
Haynes and Boone Recruits Experienced Finance Lawyers Jim Markus and Tim Johnston
February 20, 2020Markus and Johnston have spent the bulk of their careers handling complex finance transactions in a variety of sectors, including manufacturing, distribution, energy, and electronics. They represent lenders, including international and regional banks, private equity funds and corporate borrowers, and have particular experience handling syndicated and bilateral domestic and cross-border asset-based lending (ABL) transactions and leveraged financings in the commercial and industrial spaces.
-
Sixpoint Announces Seven Promotions, Including Election of Shawn Schestag to Partner, and Andrew Gulotta and Sean Joffe to Managing Director
February 20, 2020Sixpoint Partners (“Sixpoint”), a leading global investment bank serving the middle-market private equity industry, today announced the election of Shawn Schestag to Partner, and the promotions of six others, including two to Managing Director. The promotions span across the Secondary Advisory, Distribution and Project Management teams. Mr. Schestag’s election and the additional six promotions are effective immediately.
-
Larry Blackman Joins Phoenix Management Services as a Senior Director
February 20, 2020Larry Blackman joined Phoenix Management Services as a Senior Director in the firm’s Boston, MA office and brings to the firm more than 25+ years of experience in finance and operations.
-
Bausch Health Announces It Is Seeking A Refinancing Amendment To Its Existing Credit Agreement And Conditional Redemption Of Existing Senior Secured Notes
February 20, 2020ausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") announced today that it is seeking to amend and refinance its existing credit agreement (the "Credit Agreement") in order to extend and reprice its existing term loan facility and revolving credit facility and make certain other amendments to the terms of the facilities in connection therewith (collectively, the "Credit Agreement Refinancing"). Additionally, the Company intends, subject to market conditions, to have Bausch Health Americas, Inc. ("BHA"), a wholly-owned indirect subsidiary of the Company, issue $3.25 billion of secured debt securities (the "New Debt Securities").
-
Wingspire Capital Hires Will Bence as Principal in the Midwest
February 19, 2020Wingspire Capital, LLC (“Wingspire”) today announced that William Bence joined the firm as Principal, responsible for business development activities of Wingspire Capital in Chicago and the midwestern United States. Will joins Wingspire from Fifth Third Business Capital where he had nearly 15 years of experience, most recently leading the middle market ABL business development efforts in the Michigan and Ohio marketplace.
-
Tiger Group Sets 2019 Sales Record for Pro-Grade AV Gear
February 19, 2020Company’s LA-based audiovisual vertical posts a 50 percent increase in total dollar volume for auctions, liquidations and turnkey sales in 2019; buyers and bidders increase by 40 percent.
-
True Wind Capital Hires John Gray as Vice President
February 19, 2020True Wind Capital, a leading private equity firm focused on investments in targeted segments of technology, today announced the hiring of John Gray as Vice President.
-
Rosenthal Provides $3 Million Factoring Facility for Georgia Based Chemical Company
February 19, 2020Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $3 million non-recourse factoring deal with Cady Industries, Inc., a specialty chemical manufacturer.
-
Experienced Consumer Financial Services Attorney Lori Sommerfield Joins Ballard Spahr in Minneapolis
February 19, 2020Lori Sommerfield—a seasoned consumer financial services attorney with over two decades of legal and compliance risk management experience—has joined Ballard Spahr as of counsel in Minneapolis, firm Chair Mark Stewart announced today.
-
Dairy Farmers of America Reaches Agreement With Dean Foods
February 19, 2020DFA to become stalking horse bidder to acquire substantial portion of Dean Foods assets and business. DFA is advised in this matter by Latham & Watkins, LLP, Bryan Cave Leighton Paisner, LLP and Houlihan Lokey.
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