- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- News Detail
- Franklin Capital Announces Promotion of Steven Damon to Senior Vice President of Operations and A/R Department Head
- Baker Garrington and Liquid Capital Announce Recent Financings
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
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Oaktree Launches Oaktree Lending Partners to Pursue Opportunities in Sponsor-Backed Lending
Oaktree Capital Management, L.P. has announced the launch of private credit-focused Oaktree Lending Partners and its related vehicles (OLP). OLP is targeting $10 billion in equity commitments from institutional investors.
OLP will seek to originate senior secured loans of $500 million or more to private equity-owned U.S. companies, typically with over $100 million in EBITDA.
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In this installment of our series of executive interviews, Charlie Perer sits with Tim Stute to understand his views on the ABL industry, consolidation, new trends including specialization and state of the M&A market, among other things.
TSL Express Daily Headlines & News
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Wells Fargo Names Darlene Goins Head of Philanthropy and Community Impact, President of Wells Fargo Foundation
December 11, 2023Wells Fargo & Company (NYSE:WFC) today announced that Darlene Goins is named head of Philanthropy and Community Impact and president of the Wells Fargo Foundation. She will be responsible for the company’s philanthropic strategy in housing access and affordability, financial health, small business growth and sustainability, reporting to vice chairman of Public Affairs Bill Daley.
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Near Intelligence Files for Chapter 11 Protection and Enters into Agreement to Sell its Business
December 11, 2023Near Intelligence, Inc. (NASDAQ:NIR) (“Near” or the “Company”), a privacy-led data intelligence company, today announced that it and certain of its subsidiaries (collectively, the “Debtors”) have voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware (“Bankruptcy Court”) and will seek to sell their assets through a court supervised sales process.
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Alvarez & Marsal Private Equity Performance Improvement Group Appoints Arthur Mattousch as a Managing Director
December 11, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Los Angeles-based Arthur Mattousch as a Managing Director in its Private Equity Performance Improvement Group (PEPI). Mr. Mattousch's hire underscores A&M's continuous effort to enhance its strategic capabilities, industry knowledge, and global talent base to maximize value and drive change for clients.
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Evolution Credit Partners Announces Growth of Trade Finance Strategy
December 11, 2023Recent transactions include a $150 million inventory financing facility with a leading automotive company with approximately $5 billion in revenue and a $60 million accounts receivables financing facility with a private equity sponsor-backed healthcare company with accounts receivables from Medicare, Medicaid and other investment grade health insurance companies
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Evolution Credit Partners Announces Growth of Trade Finance Strategy
December 11, 2023Evolution Credit Partners Management ("Evolution" or the "Firm), an alternative credit firm with approximately $3 billion in assets under management, announced today the close of two new trade finance facilities to add to its growing trade finance portfolio of ~$1.5 billion in total volume since inception.
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CIT Northbridge Provides $85 Million in Financing to CVB Inc.
December 11, 2023First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided $85 million in financing to CVB Inc.
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Kimbell Royalty Partners Announces Increase in Borrowing Base and Elected Commitments from $400 Million to $550 Million
December 11, 2023Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 127,000 gross wells across 28 states, today is pleased to announce an increase of the borrowing base and total commitments under the Company's revolving credit facility.
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Old National Names Goldfeder Chief Credit Officer
December 11, 2023Carrie Goldfeder, a seasoned credit executive with over 25 years of credit and corporate finance experience across all facets of loan production, credit performance and portfolio management, has joined Old National Bank, the wholly-owned banking subsidiary of Old National Bancorp (“Old National”), as Chief Credit Officer. She will office out of Chicago.
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Capstone Business Owners Research Survey Finds CEOs Execute Growth Strategies in Preparation for a Market Rebound
December 11, 2023Capstone Partners has released its 2023 Middle Market Business Owners Survey Report, with insights from privately-owned companies across the U.S. This report combines Capstone’s in-depth middle market knowledge with proprietary data obtained from 435 participating owners of privately held, middle market companies.
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OHA is a Lead Arranger for Private Financing for Thoma Bravo's Take-Private of NextGen Healthcare
December 11, 2023Oak Hill Advisors ("OHA") served as a Lead Arranger for the acquisition financing to support Thoma Bravo's $1.8 billion take-private of NextGen Healthcare, Inc. ("NextGen Healthcare"), a leading provider of cloud-based healthcare technology solutions to ambulatory providers. The transaction was financed with a unitranche term loan and revolving credit facility.
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Commercial Finance Partners Hires Small as SVP Business Development
December 11, 2023Commercial Finance Partners is pleased to announce the hiring of Karen Small as Senior Business Development Officer for the Midwest Region. With over 25 years of experience in financial services, Karen has worked as a Field Examiner for Michigan National Bank, founded an auditing consulting company, and founded Sterling Commercial Credit, a financial services provider.
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LSQ Expands Finance Partnership with VA-based Staffing Firm
December 11, 2023LSQ, a leading provider of working capital and payments management solutions, recently originated a $1 million credit facility for QualDoc, a Richmond, Virginia-based staffing firm. The new facility builds on an existing relationship between LSQ and QualDoc; the company is a long-time user of Qwil powered by LSQ, an integrated payroll finance solution that serves staffing suppliers across numerous industries.
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TD Bank Group Announces Changes to Senior Executive Team
December 11, 2023Raymond (Ray) Chun becomes Group Head, Canadian Personal Banking. Tim Wiggan appointed Group Head, Wealth Management and Insurance. Michael Rhodes to leave TD for an outside opportunity.
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Quick Poll on Lending in California
December 11, 2023In June, SFNet was successful in getting an amendment to the California Commercial Finance Disclosure Law granting lenders a safe harbor (which goes into effect on January 1, 2024) in the event that estimates are made in good faith, but do not match the borrower’s actual subsequent experience.
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Kirkland Advises Brookfield on Successful Recapitalisation of the Schoeller Allibert Group
December 11, 2023Kirkland & Ellis advised Brookfield, as the majority shareholder of the Schoeller Allibert Group, a European market leader of returnable industrial plastic packaging solutions, in relation to its successful comprehensive recapitalisation effective 7 December 2023.
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Dorel Enters into New US$88 Million Term-Loan Facility
December 11, 2023Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that it has entered into a new US$88 million senior secured term-loan credit agreement with a group of lenders led by First Eagle Investments, as lead arranger and sole bookrunner, and administrative agent.
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Grant Thornton Survey: M&A deals and disputes are on the rise
December 11, 2023A new survey on mergers and acquisitions (M&A) disputes from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that dispute activity has increased — along with an increase in overall deal volume.
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First Citizens Serves as Joint Lead Arranger and Joint Bookrunner on Financing for Global Home Care Services Platform
December 11, 2023First Citizens Bank today announced that its Healthcare Finance business served as joint lead arranger and joint bookrunner on financing for The Halifax Group's acquisition of the Worldwide Home Care division of Sodexo, a global home care services platform for personal and complex services for seniors and individuals with disabilities or chronic conditions.
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Marco Provides Factoring Facility for The Mobile Repair Team
December 7, 2023The Mobile Repair Team (MRT), is a specialist aviation company that focuses on the structural repairs of corporate aircraft worldwide. Having successfully secured a $1,250,000 factoring facility with Marco this will enable the MRT to further grow their capacity to support both existing and new customers in this dynamic and growing industry.
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CDB Aviation Enters Into Inaugural Sustainability Linked Loan for $625 Million
December 7, 2023CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility.
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