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  • A&G Accepting Offers on Phoenix Distribution Center in Tuesday Morning Corp. Bankruptcy Organization
    August 5, 2020
    A&G Real Estate Partners is now accepting bids on the leasehold interest for Tuesday Morning Corporation’s Phoenix distribution center in connection with its role as real estate advisor in the retailer’s Chapter 11 bankruptcy reorganization case. State-of-the-art facility offers turnkey opportunity for e-commerce, store fulfillment or other distribution applications.
  • Amerisource Closes $6,500,000 Revolving Line and Term Loan for Chemical and Additive Manufacturer In Texas
    August 5, 2020
    Amerisource Business Capital announced the closing and funding of a $6,500,000 credit facility for a chemical and additive manufacturer based in Texas. Proceeds of the facility were used to support the company’s continued growth.
  • Hedaya Capital Group Announces the Completion of a $750,000 Factoring Facility for an Infant and Toddler’s Clothing Importer
    August 5, 2020
    The Hedaya Capital Group, Inc. is pleased to announce a $750,000 factoring facility for an infant and toddler’s clothing importer. The company was a spin-off from a larger importer based in New York City, and is expected to do $5,000,000 in sales in its first year as an independent entity.
  • Stenn Launches International Trade Financing for Professional Services
    August 5, 2020
    Digital trade finance provider Stenn, a pioneer in offering innovative international financing solutions for diverse sectors, today announced the launch of its new Professional Services Finance Program. The program delivers international invoice financing for service providers across the globe.
  • TAB Bank Provides Outsourced Customer Service Company in Colorado with a $3 Million Revolving Credit Facility
    August 5, 2020
    TAB Bank is pleased to announce it has provided a $3 million revolving credit facility for an outsourced customer service company based in Colorado. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.
  • Commercial Funding Inc. Enters the Asset Based Lending Market
    August 5, 2020
    Commercial Funding Inc., a national provider of invoice factoring and accounts receivable financing, has added asset-based loans to its funding solutions. Designed to meet the needs of small to mid-market sized businesses operating in the business-to-business space, Commercial Funding’s asset based loans will typically range from $500,000 to $2,500,000.
  • Morgan Stanley Private Credit and Comvest Partners Announce Junior Capital Financing for von Drehle Corporation
    August 5, 2020
    Headquartered in Hickory, North Carolina, von Drehle Corporation is a leading independent vertical-integrated manufacturer of paper tissue and towels. With its best-in-class paper making facilities in Cordova, North Carolina, and Natchez, Mississippi, coupled with a broad footprint of paper converting facilities, von Drehle is able to supply accounts nationwide with industry-leading customer service.
  • Alvarez & Marsal Launches North American Automotive and Industrials Group
    August 5, 2020
    Leading global professional services firm Alvarez & Marsal (A&M) has announced the hiring of Rick Kozole as Managing Director. Based in Detroit, Mr. Kozole will serve as the leader of the firm’s North American Automotive and Industrials Group. Mr. Kozole also joins the senior leadership team of A&M’s global Aerospace, Defense & Aviation team. His appointment expands A&M’s ability to provide these sectors with complex, enterprise-wide restructuring and performance improvement solutions in the areas of engineering, procurement, manufacturing, quality and logistics.
  • Huntington Business Credit Close New $25,128,000 Credit Facilities with LL Flex LLC
    August 5, 2020
    Huntington Business Credit announced it closed new $25,128,000 credit facilities with LL Flex LLC on June 26, 2020. LL Flex LLC is owned by Centre Lane Partners, a private equity firm based in New York City. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth financing.
  • Alterna Capital Solutions Celebrates 2 Years With Completion of Additional $15 Million Equity Investment and a $30 Million LOC Increase
    August 4, 2020
    Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, today announced the completion of an additional $15 million private equity investment from Alterna Equity Partners, coinciding with a line increase of $30 million from Texas Capital Bank to complement a $50 million asset-based credit facility led by Wells Fargo Capital Finance.
  • Blackstone Hires Former Amazon Executive Christine Feng as Senior Managing Director
    August 4, 2020
    Blackstone (NYSE:BX) today announced that Christine Feng, a former senior executive at Amazon focused on mergers and acquisitions, has joined the firm as Senior Managing Director. Ms. Feng will be based in San Francisco and focus on technology investing for Blackstone’s opportunistic investing platform, Blackstone Tactical Opportunities, and will also work closely with Blackstone’s credit investing platform, GSO.
  • OpenGate Capital Strengthens Management Team with Tenured Chief Financial Officer Heather Malloy Joins OpenGate as CFO
    August 4, 2020
    OpenGate Capital, a global private equity firm, announced today that their senior leadership team has expanded with the addition of Heather Malloy who joined the firm today as Chief Financial Officer based in the firm’s Los Angeles office. Malloy is a tenured, private equity finance executive with an extensive background in corporate strategy, structuring, and systems. She is experienced in control buyouts, senior, junior, and mezzanine debt, structured finance, and asset-backed securities.
  • Truist Securities: Corporate and Investment Banking Powerhouse Created by Combination of SunTrust Robinson Humphrey and BB&T Capital Markets
    August 4, 2020
    Truist Financial Corporation (NYSE: TFC) today announced that its corporate and investment banking businesses, SunTrust Robinson Humphrey and BB&T Capital Markets, have integrated and are now doing business as Truist Securities.
  • TNS Targets Continued Global Growth with Key Strategic Appointment
    August 4, 2020
    Transaction Network Services (TNS) has appointed payments industry veteran John Tait to the newly created position of Global Managing Director for its FinTech Payments business. Based in Australia, Tait takes responsibility for TNS’ payments teams across the Americas, Europe and Asia Pacific regions, which now serve customers in over 60 countries. Tait has a strong understanding of TNS’ business having originally joined the company in 2016 as Managing Director for Asia Pacific and taking on a position on the TNS Asia Pacific Advisory Board in 2018. In 2019, Tait’s role was expanded to include management of the newly acquired ADVAM business.
  • Assets from Two Syringe-Filling/Sterile Drug Compounding Plants Up for Sale
    August 4, 2020
    Tiger Group, in partnership with Liquidity Services and Perry Videx, is now accepting immediate offers to purchase assets from two syringe-filling/sterile drug compounding plants that had been operated by PharMEDium, a manufacturer of ready-to-use compounded sterile preparations.
  • RTW Retailwinds, Inc. Announces Execution of Asset Purchase Agreement with Sunrise Brands, LLC for the Sale of its e-Commerce Business
    August 4, 2020
    RTW Retailwinds, Inc. (“RTW” or the “Company”) [OTC PINK:RTWIQ], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced that it has entered into an asset purchase agreement with Sunrise Brands, LLC for the sale of its e-commerce business and all related intellectual property, including its websites, www.nyandcompany.com, www.fashiontofigure.com and its rental subscription businesses at www.nyandcompanycloset.com and www.fashiontofigurecloset.com for a cash purchase price of $20 million plus assumption of certain liabilities, including honoring gift cards, subject to closing adjustments. B. Riley FBR, an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY), is serving as the investment banker to the Company; Cole Schotz P.C. is serving as its legal advisor; and Berkeley Research Group, LLC is serving as its restructuring advisor.
  • Amerisource Closes $2,500,000 Revolver And Real Estate Term Loan for Manufacturer and Distributor
    August 4, 2020
    Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a power generation component part manufacturer and distributor based in Connecticut. The company is recapitalizing its balance sheet and needed a lender to provide availability on accounts receivable, inventory and real estate.
  • Texas Distribution Center Offered by A&G In Stage Stores Bankruptcy
    August 4, 2020
    With state-of-the-art features, Jacksonville, TX site offers turnkey opportunity for e-commerce, store fulfillment or other applications; site includes undeveloped land for expansion; A&G also offers income-producing industrial RTV center in Jacksonville and retail site in WV.
  • SG Credit Partners Provides $2.5 Million to Consumer Debt Collection Agency
    August 4, 2020
    The privately owned consumer debt collection agency needed capital quickly to move on opportunistic portfolio purchases as well as working capital cushion while collection curves ramped up. SG was able to quickly get comfortable with the transaction due to the value of dedicated portfolio collateral as well as a strong personal guaranty from the owner. SG worked quickly to provides $1.5MM funded ($2.5MM total) facility in a first lien position with interest-only payment.
  • Rosenthal Closes Factoring Deal w/CA-based Cosmetic Company Amid COVID-19
    August 4, 2020
    Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent multi-million factoring deal with a California-based cosmetics business that successfully shifted its production to aid in the fight against COVID-19.