- David Ebroon Admitted to the American College of Commercial Finance Lawyers as a Fellow.
- nFusion Capital Provides $1.5 Million ABL Facility to Private-Equity Owned Roofing Contractor
- Jones Day Expands Melbourne Office With Arrival of Three Litigation Partners
- Bank Economists See Moderate Growth, Persistent Inflation Amid Geopolitical Uncertainty
- FBT Gibbons Bolsters Commercial Finance Capabilities with Addition of New York Partner Leon Yel
TSL Express Daily Articles & News
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Today's Top Story
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RelPro Promotes Rajmangal to President, Adds to C-Level Team
RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, today announced that Raaj Rajmangal has been appointed as President of RelPro. Rajmangal, who previously served as the company’s Chief Technology Officer, will now be responsible for RelPro’s strategic development and execution. RelPro CEO and Founder Martin Wise will continue as CEO to drive the corporate vision, working closely with RelPro’s clients and partners.
TSL Express Trending Story
Featured
How Does a Business Deal with Labor Issues in 2022?
As companies and lenders evaluate performance risk and expectations for 2022, the trends previously considered to be emerging need to be considered a permanent part of the 2022 business environment. At this point, it is unrealistic to expect ready access to employees with necessary skills and to expect salary levels to reduce to earlier levels. Businesses will need to develop tools to plan for and manage through labor shortages in staffing and skills, and increased labor costs. In this article we will first review the labor indicators, and then discuss approaches business management can take to survive and thrive in this environment.
TSL Express Daily Headlines & News
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Gridiron Capital Promotes Lauren Amos to Vice President
February 13, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the promotion of Lauren Amos to Vice President. In her elevated role, Ms. Amos will focus on fostering new relationships, fundraising, and advancing the firm’s strategic marketing initiatives.
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Gordon Brothers Provides $5M Operating Lease to Aerospace & Defense Solutions Provider
February 13, 2024Gordon Brothers, the global asset experts, has provided a five-year operating lease to an Ohio-based aerospace and defense solutions provider for 15 late-model CNC machine tools worth more than $5 million.
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Huntington Business Credit Closes $13 Million in New Credit Facilities with C&K Industrial Services, Inc.
February 13, 2024Huntington Business Credit announced it closed a $13,000,000 in new credit facilities with C&K Industrial Services, Inc. on December 28, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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BankFinancial Corporation Announces Expansion of Board of Directors and Standstill Agreement with Strategic Value Bank Partners, LLC, Strategic Value Investors LP and Benjamin Mackovak
February 13, 2024BankFinancial Corporation (Nasdaq: BFIN) announced today that it expanded its Board of Directors with the election of Mr. Aaron O’Connor and Mr. Benjamin Mackovak.
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Cineverse Expands Existing Credit Line With East West Bank to $7.5 Million
February 13, 2024Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced that it has expanded its line of credit from East West Bank to $7.5 million.
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KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024
February 13, 2024KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
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Gateway Trade Funding Provides a $2,800,000 Purchase Order Facility to a Hardware and Software Company
February 13, 2024A hardware and software company secured a large order from a Canadian distributor but encountered a shortfall in working capital to acquire the required inventory. Not willing to miss out on this chance, a finance broker recommended Gateway Trade Funding.
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Hogan Lovells Continues New York Expansion with Addition of Capital Markets Partner
February 13, 2024Global law firm Hogan Lovells announced today that Rupa Briggs has joined as a capital markets partner in the firm’s Corporate & Finance practice group in the New York office. Rupa joins from Cooley, where she represented issuers and investment banks in capital markets transactions.
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Citizens Accelerates Wealth Management Business with Strategic Leadership Hires and Opening of New Citizens Private Banking Office
February 13, 2024Citizens Financial Group, Inc. (NYSE: CFG) today unveiled a number of changes aimed at accelerating the growth of its Wealth Management and Private Banking business to serve the entire spectrum of wealth clients, from mass affluent to ultra-high net worth and family offices.
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Comvest Partners Announces New Growth Capital Investment in ClearOne Advantage
February 13, 2024Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed a new growth capital investment in ClearOne Advantage, LLC (“ClearOne” or the “Company”), a Baltimore-based debt resolution services provider. Comvest has been a capital provider to ClearOne since 2017.
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FTI Consulting Adds Digital Transformation and Revenue Expert Shubho Ghosh and Three Managing Directors
February 13, 2024FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Shubho Ghosh as a Senior Managing Director and Nishi Anand, Dr. Nancy Greenlee and Nirjhar Ray as Managing Directors in the Digital Transformation offering within the firm’s Corporate Finance & Restructuring segment.
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Silver Creek Capital Hires David Matter as Co-Chief Investment Officer
February 12, 2024Silver Creek Capital Management (“Silver Creek” or the “Firm”), an alternative investment boutique focused on developing unique investment solutions for institutional and sophisticated investors globally, announced today that David Matter has joined the Firm as Co-Chief Investment Officer.
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Sallyport Commercial Finance Provides $500,000 for Organic Soap Manufacturer
February 12, 2024Referred to Sallyport by an industry peer during a pivotal acquisition phase, we presented diverse financing options tailored to the business's unique needs. The facility not only enhanced liquidity throughout the acquisition, covering international debtors, but also positioned the company with the necessary working capital for ambitious expansion plans both domestically and globally.
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Republic Business Credit Provides $4 Million Traditional Factoring Facility to Apparel Company
February 12, 2024When a swimwear manufacturer outgrew its lender and sought a larger factoring facility, it partnered with Republic Business Credit. Republic was the ideal partner, providing the company with a larger factoring facility and more customer credit support than its previous factor, ahead of an oversold spring season.
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Greystone Names Debby Jenkins and Mordecai Rosenberg Co-Presidents of Lending Business Platform
February 12, 2024Greystone announced that Debby Jenkins and Mordecai Rosenberg have been appointed Co-Presidents of the firm’s comprehensive lending business platform, effective immediately, and will report directly to Steve Rosenberg, founder and CEO of Greystone.
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NanoString Announces Completion of Financing to Support Restructuring Process
February 12, 2024NanoString Technologies, Inc. (NASDAQ: NSTG), a leading provider of life science tools for discovery and translational research, today announced the Company has entered into a credit agreement with its existing lenders comprised of (a) $12,500,000 in new money term loans which have already been approved for funding pursuant to the February 5 interim order of the U.S. Bankruptcy court approving the credit facility.
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Blue Owl Capital to Partner with Lunate to Invest in Private Market Investment Managers
February 12, 2024Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, and Lunate, a global alternative investment manager headquartered in Abu Dhabi, managing US$105 billion in assets, announced today a joint venture to provide growth capital to leading mid-sized private capital GPs.
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CohnReznick Earns Two Awards at 15th Annual Americas M&A Atlas Awards
February 12, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has been recognized with two awards by Global M&A Network at its 15th annual Americas M&A Atlas Awards. The firm earned awards for U.S.A. Private Equity Deal of the Year | Small Markets and Hospitality & Services Private Equity Deal of the Year. Award winners were announced during the 15th Annual Americas M&A Atlas
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The Private Bank at PlainsCapital Names New Chief Investment Officer
February 12, 2024PlainsCapital Bank recently announced that Andrew Cunningham, CFA®, CMT®, ChFC® has been named Senior Vice President, Chief Investment Officer of The Private Bank at PlainsCapital.
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Trinity Capital Inc. Provides $20 Million Equipment Financing to Formlogic
February 12, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies.
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