- Ares Raises Combined $5.4 Billion for U.S. and Europe Value-Add Real Estate Strategies
- Barnes & Thornburg Adds Private Funds Tax Partner Philip Cooke in NYC
- M&T Bank Names Denise Viola Monahan as Regional President for Philadelphia and Southern New Jersey
- Rosenthal Capital Group Closes Five ABL Transactions Across Multiple Industries Totaling $18 Million
- Market Sizing & Impact Study 2023
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Specialty finance provider Mitsubishi HC Capital America announced today that it has entered into a $20 million facility to provide supply chain financing for an IT value-added reseller (VAR) serving the life sciences sector. With the VAR’s end customer requiring a sales cycle that could extend as long as two years, the VAR needed a stable source of working capital to ensure that the highly specialized technology can be identified, purchased and delivered via a customer roll out schedule.
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Tim Knight is the vice president and senior managing partner with ThinkingAhead, where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
This is Tim’s 25th year in executive search. Prior to joining ThinkingAhead, he was with Southwestern Advantage as a District Sales Manager recruiting and training salespeople. Including his college summers, Tim has been with Southwestern Family of Companies for 35 years. In his 24 years with ThinkingAhead, he has personally filled over 400 engagements for clients and his teams over 2300 professionals placed with client companies and is the all team leader in personal production for ThinkingAhead.
TSL Express Daily Headlines & News
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Obra Capital Completes Acquisition of KDP Assets
July 24, 2023Obra Capital, Inc. (“Obra”), a specialized alternative asset management firm that provides investment products and solutions across insurance special situations, structured credit, asset-based finance, and longevity, today announced that it has completed the acquisition of the assets of KDP, LLC and its affiliated companies (“KDP”).
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Christopher Tomai Joins Peapack Private
July 24, 2023New Jersey holding company Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces that Christopher Tomai has joined Peapack Private, a division of Peapack-Gladstone Bank, as Senior Managing Director and Senior Relationship Manager. He is part of a team of private banking professionals being assembled to support Peapack Private as it expands its business into New York City.
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NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank (NYGB)
July 24, 2023NineDot Energy®, a leading developer of community-scale clean energy projects, today announced the closing of a new $25 million revolving credit debt facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Salmon Raises $20m Debt Facility From Argentem Creek Partners
July 24, 2023Salmon, a consumer FinTech company, has secured a $20 million debt facility from U.S-based investment firm Argentem Creek Partners, enabling Salmon to scale its lending operations across the Philippines further.
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SLR Digital Finance Hires RJ Ammons as AVP, Underwriter and Linda Aghajanian as VP, Account Executive
July 24, 2023SLR Digital Finance, a wholly owned subsidiary of SLR Business Credit, is proud to announce the hiring of RJ Ammons as Assistant Vice President and Underwriter, and Linda Aghajanian as Vice President and Account Executive. Based in Sherman Oaks, CA, SLR Digital Finance offers asset-based lending and factoring for businesses in the digital media and advertising sector nationwide.
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B. Riley Securities Serves as Sole Bookrunner and Placement Agent in Lilium Upsized $192 Million Financing
July 24, 2023B. Riley Securities, Inc. (“B. Riley”), leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as sole bookrunner, underwriter and placement agent in connection with an upsized underwritten public offering for Lilium N.V. (Nasdaq: LILM), the developer of the first all-electric vertical take-off and landing jet.
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SFNet Member Spotlight: Riemer & Braunstein
July 21, 2023R&B's Commercial Finance Group works with clients providing financing to support businesses ranging from public companies to private equity-backed companies. Our clients include maior domestic and international lenders. middle-market and regional lenders, and alternative lenders.
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Kirkland Advises Intersect Power on Up to $800 Million Revolving Credit Facility
July 20, 2023Kirkland & Ellis advised Intersect Power in obtaining an up to $800 million revolving credit facility to support the development, construction and operation of Intersect’s next wave of renewables, energy storage and green hydrogen projects.
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Ekinops Signs up for a €100 Million Credit Line to Support its External Growth Strategy
July 20, 2023EKINOPS (Euronext Paris - FR0011466069 - EKI), leading provider of telecommunications solutions for telecom operators and enterprises, announces the signing of a new credit line with its banking partners.
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CIBC Innovation Banking Provides €12m Financing Package to Language Technology Business Phrase
July 20, 2023CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology.
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Sorrento Therapeutics, Inc.'s Bankruptcy Court Approves Elective Offering of Restricted Common Stock of Scilex Holding Company for Dividend Short Holders
July 20, 2023Sorrento Therapeutics, Inc., a biopharmaceutical company dedicated to the development of life-saving therapeutics to treat cancer, intractable pain, and infectious disease, today announced that, in connection with its ongoing chapter 11 case, the U.S. Bankruptcy Court for the Southern District of Texas entered an order approving an offering of a portion of Sorrento's common stock in its non-debtor public subsidiary, Scilex Holding Company.
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Novan Enters into Agreement to Sell Substantially All of its Assets, including Berdazimer Gel, 10.3% (SB206), and Files for Chapter 11 Protection
July 20, 2023Novan, Inc. (Nasdaq: NOVN) and its wholly owned subsidiary, EPI Health, LLC (collectively, “the Company” or “Novan”), today announced that it has entered into a stalking horse asset purchase agreement (“APA”) with Ligand Pharmaceuticals, Inc. (“Ligand”) (Nasdaq: LGND) prior to filing voluntary petitions for relief under chapter 11 of title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Chapter 11 Case”).
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Hilco Real Estate Finance Launches Short Term Property Finance to the UK Market
July 20, 2023Hilco Real Estate Finance (HREF), an institutionally backed real estate bridge lender, is bringing flexible, fast, short-term property finance expertise to the marketplace. The group is led by industry experts and co-founders Brad Altberger, Chief Executive Officer and Max Lewis, Chief Investment Officer.
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Houlihan Lokey Strengthens Private Funds Group With Senior Hire
July 20, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Jonathan Jameson has joined as a Managing Director in the firm’s Private Funds Group. Mr. Jameson is based in New York and will expand and strengthen the Group’s coverage of general and limited partners in North America.
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Jefferies Finance Launches Direct Lending BDC with Anchor Commitment from ADIA
July 20, 2023Jefferies Credit Partners, a leading private credit manager and the asset management arm of Jefferies Finance LLC, today announced the intention to launch a private placement of a business development company (“BDC”) to further enhance its lending capacity in the private credit space.
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First Business Bank’s Asset-Based Lending Group Funds $11 Million Credit Facility in 28 Days
July 20, 2023Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $11 million revolving line of credit for the acquisition of a pipe/valve/fittings distributor in Missouri. First Business Bank’s Asset-Based Lending team worked quickly and diligently to close the financing in 28 days.
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Li Joins CohnReznick as Tax Partner
July 20, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Angel Li has joined the firm as a partner in its Tax practice. Li has more than 25 years of experience providing federal and state tax compliance and consulting services to companies of all sizes across the manufacturing, real estate, technology, and private equity industries.
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New Talent Bolsters Loeb's Team: Carolyn McClure and Matt DelGuidice Join the Fold
July 19, 2023Loeb is thrilled to announce the addition of two seasoned professionals, Carolyn McClure, and Matt DelGuidice, to its team. Both Carolyn and Matt have hit the ground running, making an immediate positive impact on Loeb's business, and contributing to the ongoing mission of supporting manufacturers and financial institutions throughout the equipment lifecycle.
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Sachs joins CohnReznick as Assurance Partner
July 19, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Scott Sachs has joined the firm as a partner in its Assurance practice. Sachs has 20 years of audit experience serving private equity and public company clients with a focus on the manufacturing and distribution and consumer industries, as well as software and technology services.
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B. Riley Advises GSR II Meteora Acquisition Corp. in its Business Combination with Bitcoin Depot
July 19, 2023B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as capital markets advisor to GSR II Meteora Acquisition Corp., a special purpose acquisition company, in the successful closing of its business combination with Bitcoin Depot.
The Secured Lender
SFNet's The Women in Secured Finance Issue



