- Constitution Capital Launches Horizon CIT with over $50 Million in Initial Assets, Expanding Private Equity Access for Defined Contribution Plans
- Seasoned Commercial Litigator Seth Darmstadter Joins Honigman in Chicago
- SFNet Market Pulse
- Monroe Capital Supports Dealer Services Network’s Acquisition of GG&D Motor Vehicle Services
- Market Sizing Study
TSL Express Daily Articles & News
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Mignon Winston Joins as Vice President
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Mignon Winston has joined the firm as a Vice President of Underwriting. She will be based in Connecticut and serve as one of the company’s underwriting team leaders.
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Ever since the early days of blockchain with the 2009 introduction of Bitcoin, cryptocurrencies have been prone to periods of high and low valuation. After going through another “crypto-winter,” or period of low prices, lasting three years, cryptocurrencies have once again caught the attention of a broader investor community.
Since the second half of 2020, the sheer number of new cryptocurrency offerings and the price volatility have been breathtaking. For example, Ethereum—the number two cryptocurrency and blockchain platform by market cap—grew by 800 percent from October 2020-October 2021. As new investment vehicles for Bitcoin are introduced in the United States, the hype is at an all-time high.
TSL Express Daily Headlines & News
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Citizens M&A Outlook Finds Surging Enthusiasm Supported by Unexpected Factors
January 11, 2024Citizens’ 2024 M&A Outlook revealed optimism around the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. The annual survey of 400 leaders at U.S. middle-market companies and private equity firms also uncovered notable trends related to interest in artificial intelligence (AI) assets, international dealmaking and the upcoming U.S. election that provide support for the upbeat forecast.
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Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of Bellwether Media by Lineage Capital
January 11, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the leveraged buyout of Bellwether Media by Lineage Capital.
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VINCI Successfully Renews its Syndicated Revolving Credit Facility
January 10, 2024VINCI SA announces that it has entered into an agreement with a syndicate of 23 core relationship banks, which was signed on 9 January 2024, to amend its revolving credit facility.
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Rail Vision Secures $6 Million Credit Facility
January 10, 2024Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced the establishment of a $6 million credit facility (the "Credit Facility") and an additional amount of up to $3 million, subject to certain conditions (the “Additional Loans”), with a global investment firm (the “Lender”).
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Cambridge Wilkinson Investment Bank Closes Senior Secured Loan Facility for Supply Chain Finance Company
January 10, 2024Cambridge Wilkinson (“CW”) is pleased to announce the closing of the senior secured credit facility for a leading provider of supply chain finance. Our client has developed a vendor-finance platform designed to improve the financial performance of the supply chain.
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Rosenthal Closes Two Asset-Based Lending Transactions In Late 2023, Totaling $8 Million
January 10, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two recent asset-based lending transactions totaling $8 million.
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Rosenthal Closes Two Asset-Based Lending Transactions In Late 2023, Totaling $8 Million
January 10, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two recent asset-based lending transactions totaling $8 million.
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Kash Ahmad Joins eCapital as Chief Credit Officer, Factoring Group
January 10, 2024eCapital Corp. ("eCapital" or "the Company") is pleased to announce the appointment of Kash Ahmad as Chief Credit Officer, Factoring Group. In this critical role, Ahmad, an experienced global finance expert, will be responsible for overseeing the credit and operational functions of the Company’s North American Factoring Group.
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Blank Rome Welcomes Prominent White Collar and Complex Litigation Team in New York
January 10, 2024Blank Rome LLP is pleased to welcome a leading team of five attorneys to the firm’s White Collar Defense & Investigations group in New York, bolstering the firm’s litigation capabilities. Led by partners David Spears, Linda Imes, and Chris Dysard, the group includes associates Michael Donohue and Rebecca Orel, as well as four business professionals.
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Franklin Capital Welcomes Bob Corley as Their Newest Credit Analyst
January 10, 2024Franklin Capital, an independent A/R and PO finance company, proudly announces the appointment of Bob Corley as Credit Analyst. He brings an extensive background in financial analysis and a stellar track record.
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Garrington Capital Announces $1.2 Million Term Loan to Multi-National Truck Part Supplier
January 10, 2024Garrington Capital (garringtoncapital.com), a leading provider of capital solutions to middle- market companies in the United States and Canada, is pleased to announce the closing of a $1.2mm Senior Secured Term Loan (the “Loan”) to the US subsidiary of a multi-national manufacturer of spare parts for heavy-duty commercial vehicles.
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Getzler Henrich Names Daniel O’Brien Managing Director
January 10, 2024Daniel O’Brien has joined Getzler Henrich & Associates, (getzlerhenrich.com) one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director in the firm’s New York Office.
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Gridiron Capital Promotes Andrew Kahn and Nick Weido to Principal
January 10, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Andrew Kahn and Nick Weido have been promoted to Principal.
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LBC Credit Partners Supports Growth Financing for Ambient Enterprises
January 10, 2024LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to Ambient Enterprises LLC (“Ambient”), a portfolio company of Intermediate Capital Group (“ICG”). The financing helped support Ambient’s refinancing of its existing debt facility, the recent partnership with Johnson Barrow & DMG HVAC, and ongoing organic and inorganic growth initiatives.
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Quasar Capital Partners Announces New Senior Lending Facility With Texas Capital
January 10, 2024Quasar Capital Partners, a diversified asset-based lender and factor based in Austin, TX, announced it has closed a new senior $30 million lending facility and an accordion feature to $ 40 million with Texas Capital to further expand its funding capabilities.
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Keepit Secures $40 Million in Refinancing From HSBC Innovation Banking to Boost Growth
January 10, 2024Keepit has today announced HSBC Innovation Banking, the global, specialised banking partner for businesses in cutting-edge sectors, has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO).
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Morrison Foerster Welcomes Tammy Davies as a Finance Partner in New York
January 10, 2024Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Tammy C. Davies as a partner in the firm's Finance Group, based in the New York office. Davies brings to the firm deep experience representing alternative lenders and investors in complex credit arrangements.
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U.S. Middle Market Performance Remains Strong, Defying Consensus
January 10, 2024Middle market private companies in the Golub Capital Altman Index grew earnings by 16% during the first two months of the fourth quarter of 2023, the highest year-over-year earnings growth since Q2 of 2021. Revenue grew 7% during the same period.
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Jeffrey B. Dunlop and Maria T. McGuire Named Co-Chairs of Goldberg Kohn's Commercial Finance Group; Succeed Michael Hainen
January 10, 2024Jeffrey B. Dunlop and Maria T. McGuire have been named Co-Chairs of Goldberg Kohn's Commercial Finance Practice Group. They succeed Michael Hainen, who completed his highly successful nine-year term as the practice group leader at the end of 2023.
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SFNet Responds to The BASEL III Endgame Interagency Notice of Proposed Rulemaking Modifying Bank Capital Requirements
January 10, 2024As noted late last year, SFNet’s Advocacy Committee assembled a task force including member banking institutions, legal resources and strategic advisors to address proposed new regulations incorporating Basel III risk weighted capital standards. SFNet has submitted its comment letter. Special thanks to Laura Jakubowski and Richard Kohn from Goldberg Kohn and Bill Mayer from Tiger Group for their leadership on this pivotal matter.
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