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  • EuroLife Brands Secures $2.5 Million Credit Facility From European Equity Group
    January 27, 2020
    EuroLife Brands (CSE: EURO) (FSE: 3CMA) (OTC Pink: EURPF) ("EuroLife" or the "Company"), a vertically integrated enterprise focused on the pan European hemp, cannabinoid, and health & wellness sector, is pleased to announce it has entered into a definitive financing agreement (the "Agreement") with European Equity Group, an international merchant bank with a primary focus on growth oriented small-cap companies, to secure a credit facility (the "Facility") in the amount of up to $2.5 million CDN (approximately €1,700,000).
  • M&A Outlook: Still a Sellers’ Market, But Urgency Recedes as Growth Continues
    January 27, 2020
    Business leaders surveyed by Citizens Commercial Banking are feeling less urgency to engage in mergers and acquisitions, but sellers with standout businesses can still expect a relatively strong year. Survey respondents see companies relying more on organic growth, fewer sellers in the queue and continued discipline among buyers in 2020. Expect lower deal volumes, more strategic carve-outs and bolt-ons, and stable-to-higher valuations, according to the survey of nearly 600 executives.
  • Blank Rome Welcomes New Corporate Associate in Los Angeles
    January 27, 2020
    Blank Rome LLP is pleased to announce that Jose A. Manalo Jr. has joined the Firm’s Los Angeles office as an associate in the Corporate, M&A, and Securities group, which recently welcomed leading corporate and finance partner Craig R. Culbertson in the Chicago office.
  • Key Energy Services Announces Restructuring Support Agreement
    January 27, 2020
    Key Energy Services, Inc. (“Key” or the “Company”) announced today that it has entered into a Restructuring Support Agreement (including the exhibit thereto, the “RSA”) with lenders under its term loan facility collectively holding over 99.5% (the “Supporting Term Lenders”) of the principal amount of the Company’s outstanding term loans.
  • Amerisource Hires Industry Veteran Doug Forbes to Aid Expansion of ABL Product Line
    January 27, 2020
    Mr. Forbes will serve as a Regional Market Manager out of Houston and will be responsible for new business development throughout Texas and Louisiana. He joins Amerisource as an accomplished industry professional, with over 30 years sales and credit experience in asset-based lending. His previous work experience includes marketing for MidCap Business Credit and Frost Capital.
  • Wynnchurch Capital Closes on Fund V at $2.277 Billion
    January 23, 2020
    Wynnchurch Capital, L.P., a leading middle market private equity firm, announced the closing of its fifth private equity fund, Wynnchurch Capital Partners V, L.P at $2.277 billion of committed capital. Law firm Ropes & Gray, LLP represented Wynnchurch Capital. The Private Fund Group of Credit Suisse Securities (USA) LLC served in an advisory capacity with respect to the private placement.
  • Stephano Slack Promotes Long-time Employee to Partner
    January 23, 2020
    Stephano Slack, LLC, a leading regional accounting and consulting firm, recently announced the promotion of Jay Brooks from Senior Manager to Partner in the firm’s Accounting and Auditing department, effective December 1, 2019. He began work with the firm as an intern in 2008 and has held positions of increasing responsibility.
  • Pinnacle Bankshares Corporation and Virginia Bank Bankshares, Inc. Announce Strategic Merger
    January 23, 2020
    Bank Street Partners, a Performance Trust Company is acting as financial advisor to Pinnacle and Troutman Sanders LLP is acting as its legal advisor in the transaction. Janney Montgomery Scott LLC is acting as financial advisor to Virginia Bank and Williams Mullen is acting as its legal advisor in the transaction.
  • Fairway Market Secures Financing For Voluntary Chapter 11 To Facilitate Sale Of Assets
    January 23, 2020
    Enters Into Asset Purchase Agreement to Sell 5 New York City Stores and Distribution Center, Subject to Court Supervised Auction Process. Stores to Remain Open Across The Tri-State Area During the Court Process with No Service Interruptions Expected. Fairway Market's legal counsel is Weil, Gotshal & Manges, LLP, its M&A investment banker is PJ Solomon and its financial advisors are Mackinac Partners. The Ad Hoc Group of senior lenders are represented by King & Spalding, LLP.
  • Cresco Labs Announces Signing of Senior Secured Credit Agreement
    January 23, 2020
    Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it has entered into a non-brokered credit agreement (the “Credit Agreement”) for a senior secured term loan (the “Senior Loan”) in an initial aggregate principal amount of up to US$100 million, with a mutual option to increase the size of the facility to a maximum of US$200 million.
  • Trucking Industry Has Cause For Optimism Despite Challenges, Insiders Say
    January 23, 2020
    "Cautiously optimistic" was a common thread during the Highway Transportation Session at the National Industrial Transportation League's 2020 Summit. The NITL 2020 panel discussion Tuesday featured executives from trucking and logistics companies discussing issues such as contract rates, trucking capacity, truck parking, driver retention, delivery demands and hours-of-service regulations.
  • Thompson Hine Elects New Partners
    January 23, 2020
    Thompson Hine LLP has elected nine new partners, effective January 1, 2020. The new partners, located across four of the firm’s offices, represent a broad range of practice areas, including Business Litigation, Business Restructuring, Creditors’ Rights & Bankruptcy, Commercial & Public Finance, Corporate Transactions & Securities, Government Contracts, Privacy & Cybersecurity and Real Estate.
  • Ares Management Appoints Naseem Sagati Aghili as General Counsel; Michael Weiner Appointed as Head of Public Policy & Legislative Affairs
    January 23, 2020
    Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Naseem Sagati Aghili has been appointed to the role of General Counsel and Secretary of Ares, effective January 1, 2020. Ms. Sagati Aghili had served as Co-General Counsel of Ares since 2019 alongside Michael Weiner, who has been appointed as Head of Public Policy & Legislative Affairs.
  • Crescent European Specialty Lending Announces Unitranche Financing for Acquisition of Highcare by Bencis
    January 23, 2020
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of Highcare by Bencis. Crescent has also provided an acquisition facility to support Highcare’s ongoing buy and build strategy. Terms of the financing were not disclosed.
  • Stenn Closes Six Figure Receivables Finance Program for Photography Accessories Importer in USA
    January 23, 2020
    Stenn International has closed a six-figure trade receivables finance program for a trading company based in New York that sources photographic paper from Canada. This new financing program is being used to free up working capital to support sales expansion.
  • Bank of America Business Capital Announces New Region Marketing Managers
    January 22, 2020
    Bank of America Business Capital is pleased to announce three new region marketing managers: Bobby Bans in the western region; Peter Langburd in the eastern region; and Steve Pomerantz in the central region. Each will oversee a team of business development officers, who provide asset-based lending solutions and banking products to large and middle market companies, intermediaries and financial sponsors in the United States, Canada and across Europe.
  • Crescita Secures Line of Credit with the Royal Bank of Canada Following Repayment in Full of Knight Therapeutics Loan
    January 22, 2020
    Crescita Therapeutics Inc. (TSX: CTX) (OTC US: CRRTF) ("Crescita" or the "Company"), a commercial dermatology company with manufacturing capabilities and a portfolio of non-prescription skincare products and prescription drug products for the treatment and care of skin conditions, diseases and their symptoms, today announced that it has secured a $3.5 million revolving demand operating credit facility (the "Facility") with the Royal Bank of Canada ("RBC") following the repayment in full of its outstanding long-term debt of $3.6 million owed to Knight Therapeutics Inc.
  • Hilco Valuation Services Europe Hires Real Estate Veteran Edward Jeffery
    January 22, 2020
    Hilco Valuation Services Europe and Real Estate Advisory Services UK and Europe are pleased to announce the appointment of Edward Jeffery as Associate Director of the Real Estate Advisory Services department. Mr. Jeffery has over 20 years' experience in valuation, restructuring and insolvency matters across a broad spectrum of real estate classes providing advice to lenders, restructuring and insolvency practitioners and corporates.
  • NXT Capital Provides Credit Facility for Cortec Group’s Recapitalization of Enthusiast Auto Holdings
    January 22, 2020
    Enthusiast Auto Holdings (“EAH”) is a rapidly growing e-commerce platform serving automotive enthusiasts, delivering exceptional high-touch customer service, content creation, new product development, and fulfillment capabilities.
  • Winter Harbor Appoints New Managing Director and Manager
    January 22, 2020
    Winter Harbor LLC is pleased to announce the promotion of Jeff Horine to managing director and Nicholas Vara to manager. Shaun Martin, managing partner and founder of Winter Harbor comments, “Our directive is to meet the evolving demands of our clients, while maintaining a high-level of professionalism. Having Jeff and Nicholas step into their new roles at Winter Harbor allows us to continue to provide comprehensive solutions to our clients and their constituents.”