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TSL Express Daily Articles & News
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SFNet will be hosting part two of its Independent Finance Roundtable 2021 August 17 - 19, 2021 in-person at the Renaissance Chicago Downtown Hotel in Chicago, IL. For 2021, we created a unique, invitation-only experience for senior executives from SFNet member entrepreneurial finance and factoring companies. IFR 2021 is a two-part event. The first part on April 27 was a free, live online roundtable discussion and an overview of our August in-person agenda. Panelists and attendees will come together next week to discuss the state of M&A, legal issues impacting our industry, and other timely topics that may affect your business.
In addition to the roundtable meetings and discussions, IFR will offer optional activities to take full advantage of your time in Chicago.
TSL Express Daily Headlines & News
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Morrison Foerster Guides CalPlant to Emergence from Chapter 11
October 2, 2023Morrison Forester is pleased to announce that it has successfully guided CalPlant to emergence from its chapter 11 bankruptcy proceedings. Prior to its bankruptcy case, CalPlant constructed the world’s first plant intended to convert rice straw (a waste product of rice production) into high-quality, environmentally friendly, and competitively priced medium-density fiberboard (MDF).
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Byline Sponsor Finance Supports The Brydon Group’s Investment in Peak Performance
October 2, 2023Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support The Brydon Group’s investment in Peak Performance. BSF was represented by Duane Morris, LLP.
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Star Mountain Capital Adds Chris Calabrese, Former Co-Founder of LBC Credit Partners, as Strategic Portfolio Partner
October 2, 2023Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that Chris Calabrese, co-founding partner of $3+ billion AUM private credit manager LBC Credit Partners, has transitioned from a Star Mountain Operating Partner to a full-time role of Strategic Portfolio Partner.
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CIBC Innovation Banking Provides Financing Support for Clearhaven Partners’ Investment in Korbyt
October 2, 2023CIBC Innovation Banking announced today that it has provided financing support for Clearhaven Partners’ investment in Korbyt, an industry-leading workplace experience platform.
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Alterna Equity Partners Announces the Sale of Alterna Capital Solutions to Paychex
October 2, 2023Alterna Equity Partners (“AEP”), a South Florida-based lower middle market private equity firm, today announced the 100% sale of one of its portfolio companies, Alterna Capital Solutions, LLC (“ACS”) to Paychex, Inc. (“Paychex”). The sale of ACS represents a successful exit for AEP.
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Manufacturers Bank Announces Plans to Rebrand as SMBC MANUBANK
October 2, 2023Manufacturers Bank, a subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, announced that it will be changing its name to SMBC MANUBANK as it expands into new markets and industries, and highlighting its decades-long affiliation with Sumitomo Mitsui Banking Corporation, a global leader in finance and innovation.
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Celtic Capital Corporation Provides $3.6 Million to Company Providing Printing Services
October 2, 2023Celtic Capital Corporation today announced its most recent new client relationship – a New York-based company providing printing services to the newspaper advertising industry. This Company, founded in 1980, had been harmed by the pandemic and was out of covenant with its bank.
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Varde Raises Nearly $1.5 Billion for Asset-based Lending Opportunities
September 28, 2023Alternative investment firm Varde Partners has raised nearly $1.5 billion from institutional investors for asset-based lending through its Varde Asset Lending Fund II and related accounts and co-investments, it said on Thursday.
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First Business Bank Funds $2.5 Million Factoring Facility To Smart Bus Platform
September 28, 2023First Business Bank announces its Accounts Receivable Financing team recently funded a $2.5 million factoring facility to a client operating as a smart bus platform.
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Gordon Brothers Welcomes Chris Menard as Chief Financial Officer
September 28, 2023Based in Boston, Menard is an integral part of the firm’s leadership and is responsible for the overall management of global financial reporting, planning and analysis, treasury, and tax strategy and compliance.
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CohnReznick Earns National Workplace Culture Recognition
September 28, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, is proud to announce it has been named one of Newsweek’s 100 Most Loved Workplaces in America® for the third year in a row and has also been certified by Great Place to Work® for the second consecutive year.
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Maritime Partners Announces $600M Amended and Restated Warehouse Financing
September 28, 2023Maritime Partners, LLC ("Maritime Partners") has announced the successful closing of a $600-million warehouse facility between several special-purpose, wholly-owned subsidiaries of one of its managed funds and a syndicate of lenders led by ATLAS Securitized Products Holdings, L.P. ("ATLAS SP").
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Crescent Capital Group Announces Hiring of Jason Moss as Managing Director, Head of Western U.S. Region in the Investor Solutions Group
September 28, 2023Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Jason Moss has joined the firm as Managing Director, Head of Western U.S. Region in the Investor Solutions Group.
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Natixis Corporate & Investment Banking hires Asif Khan as Head of Structured Credit Capital Markets
September 28, 2023Natixis Corporate & Investment Banking (Natixis CIB) today announced the hiring of Asif Khan as Managing Director, Head of Structured Credit Capital Markets within the Global Markets Americas team. He will report to Emmanuel Issanchou, Head of Global Markets Americas and Global Head of Credit Markets, Natixis CIB.
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Schulte Roth & Zabel Forms Special Situations Group
September 28, 2023Schulte Roth & Zabel is pleased to announce the formation of the firm’s dedicated Special Situations group. Co-chaired by partners Adam Harris and Doug Mintz, the Special Situations group is a multidisciplinary team focused on helping clients achieve their legal and financial objectives across the spectrum of stressed and distressed transactions.
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Valeo Pharma Secures $5M Credit Facility Agreement with Accord Financial
September 27, 2023Valeo Pharma CEO Steve Saviuk joined Steve Darling from Proactive to share details the company has entered into a credit facility agreement with Accord Financial for a total of $5 million.
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eCapital Drives Recent Notable Growth Securing over $160MM in ABL Transactions
September 27, 2023eCapital Corp., a leading commercial finance provider is pleased to announce a recent surge in fundings within its Asset-Based Lending Group. In a season characterized by remarkable growth, eCapital proved it's expertise in providing agile financing solutions across several industries.
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23 Moritt Hock & Hamroff Attorneys Named New York Metro Super Lawyers® & 9 Named New York Metro Rising Stars for 2023
September 27, 2023The law firm of Moritt Hock & Hamroff LLP announced that Terese Arenth, Leslie Berkoff, Ted Berkowitz, Michael Cardello, James Chou, David Cohen, Robert Cohen, Theresa Driscoll, Andrew Eckstein, David Fitzhenry, Robert Fryman, Julia Gavrilov, Stephen Ginsberg, Henry Goldberg, Marc Hamroff, Alan Hock, Matthew Leeds, Dennis O’Rourke, Michael Re, Robert Tils, David Wechsler, Alexander Widell and Peter Zlotnick have been named New York Metro Super Lawyers® for 2023.
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TAB Bank Adds Laura Schulte and Martha McGuire to its Board of Directors
September 27, 2023TAB Bank, a technology-driven online bank, announced the addition of Laura A. Schulte and Martha F. McGuire to its Board of Directors. Schulte and McGuire come to TAB’s Board with a wealth of large bank expertise in capital markets, deposit expansion strategy, M&A, commercial lending and more. They will assist in shaping the direction and strategic vision of the bank.
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Gridiron Capital Adds New Team Members to Enhance Digital Capabilities
September 27, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the additions of Mauricio Marron as Technology and Data Manager, Tammy Delgado as DTC Growth Senior Associate, and Miles Hindin as DTC Data and Strategic Insights Senior Associate.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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