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Gordon Brothers Welcomes Nick Kitchin as Managing Director

Gordon Brothers, the global advisory, restructuring and investment firm, has welcomed Nick Kitchin as Managing Director.

Based in London, Kitchin is responsible for capital strategy and originating, structuring and executing investment opportunities in the U.K. and Europe. With over 15 years of experience in restructuring, finance, distressed investing, and mergers and acquisitions, he works with the firm’s pan-European clients to develop customized, flexible and rapid solutions across asset classes.   

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SFNet Launches Member Forums

Quarterly peer-to-peer interactive conversations will focus on relevant, high-impact issues among professionals in Credit, Operations & Technology, Business Development, Factoring, Legal, SFNet 40 Under 40 Alumni and Hall of Fame/Past Presidents Mentoring.

TSL Express Daily Headlines & News

  • Alvarez & Marsal Expands Its Healthcare M&A Offering by Appointing Amar Kapadia as Managing Director
    April 26, 2023
    Mr. Kapadia has 20+ years of international merger and acquisition (M&A), strategy, diligence and operations experience spanning the healthcare and life science industry and builds on A&M’s commitment to drive value across the investment lifecycle.
  • Proskauer Releases 7th Annual Private Credit Survey
    April 26, 2023
    The private capital market is alive and well, according to a new report from Proskauer. The leading international law firm today released the findings of its annual Private Credit Survey which asked more than 150 executives at private credit firms across the globe for their thoughts on the state of the direct lending market in 2023. Proskauer asked respondents to share their expectations for the year, including factors driving deal flow and challenges for dealmakers, and examined data and insight around the broader market.
  • Comvest Credit Partners Provides $185 Million Senior Credit Facility to Firebirds Wood Fired Grill
    April 26, 2023
    Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a $185 million senior secured credit facility (the “Financing”) for Firebirds Wood Fired Grill (“Firebirds”, or the “Company”), a Charlotte-based restaurant chain operator.
  • Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of RBW Logistics by LongueVue Capital
    April 26, 2023
    Abacus 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 RBW Logistics by LongueVue Capital.
  • Gibraltar Business Capital Names Jim Marasco Head of Originations
    April 25, 2023
    Gibraltar Business Capital is proud to announce that Jim Marasco, a widely respected senior executive leader who served on GBC’s Board of Directors, is joining the GBC leadership team as Head of Originations.
  • AtlasEdge Secures €725 Million Sustainable-linked Credit Facility
    April 25, 2023
    The company this week announced that it has secured a scalable facility underwritten by mandated lead arranger ING Bank, as well as ABN Amro, Crédit Agricole CIB, The Bank of Nova Scotia, National Westminster Bank Plc, Banco Santander, and UniCredit Bank AG. The package consists of €525 million ($579m) in committed debt financing and a further €200 million ($221m) uncommitted accordion. The financing also includes sustainability-linked targets focused on efficiency and renewable energy usage.
  • First Bank Hires W. Todd Ross as Roanoke Valley Market President
    April 25, 2023
    First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), announced today that W. Todd Ross has been hired as Market President for the Roanoke Valley Region. Todd will be responsible for all lines of business banking, and business development, while partnering with other core functions such as retail, treasury, and mortgage banking.
  • Briar Capital Real Estate Fund Provides $4.35 Million Real Estate Term Loan to North Carolina Contract Manufacturer
    April 25, 2023
    Briar Capital Real Estate Fund (www.BriarCapital.com) announced it has provided a $4.35 million real estate term loan to a contract manufacturer in North Carolina providing utility enclosures/shelters and metal finishings for the automotive and HVAC industries to customers across North America.
  • Christopher Babiarz Joins Barclay Damon
    April 25, 2023
    Barclay Damon announces Christopher Babiarz, associate, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas. His primary office is Syracuse. Babiarz focuses his practice on commercial real estate transactions, including purchases, sales, lending, and title work, from inception to closing.
  • Concord Closes $25 Million Deal for Refurbisher of Mobile Devices
    April 25, 2023
    The financing consists of an $18 million senior secured revolving line of credit plus a $7 million accordion to refinance existing debt, finance an acquisition, and support working capital.
  • Accord Financial Announces the AccordExpress Factoring Portal Providing Simplified Access to Accounts Receivables Financing
    April 25, 2023
    Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) is now offering Canadian companies a fast and convenient way to obtain accounts receivables financing through the new AccordExpress Factoring Portal.
  • Trinity Capital Inc. Provides $40 Million Growth Capital to Convergent Dental, Inc.
    April 25, 2023
    Trinity Capital Inc. (NASDAQ: TRIN, TRINL), a leading provider of diversified financial solutions to growth-stage companies, today announced a $40 million facility to support the growth of Convergent Dental, Inc., the power behind Solea®, the world's first computer-aided all-tissue CO2 dental laser.
  • Casella Waste Systems, Inc. to Acquire Select Solid Waste Operations From GFL Environmental Inc. That Will Expand Footprint Into Adjacent Markets and Provide a Platform for Future Growth
    April 25, 2023
    The acquisition is not subject to any financing conditions and Casella expects to fund the purchase price through a combination of cash on hand, revolving credit facility borrowings, and from a planned new Term Loan A under its existing senior secured credit facility. Casella received a bridge financing commitment from Bank of America, N.A., BofA Securities Inc., JPMorgan Chase Bank N.A., Comerica Bank, and Citizens Bank, N.A.
  • Marathon Asset Management Brings on Co-head of Consultant Relations
    April 25, 2023
    Scott Boyle was named managing director, co-head of consultant relations at Marathon Asset Management. Based in New York, Mr. Boyle reports to Jason Friedman, partner and global head of business development, a spokesman said in an email.
  • Ares Strategic Income Fund Launches with $1.5 Billion of Investible Capital
    April 25, 2023
    Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the launch of Ares Strategic Income Fund (“ASIF” or the “Fund”), a perpetual capital, continuously offered, non-traded business development company, which seeks to primarily invest in directly originated, senior secured, floating-rate loans to U.S. middle-market companies.
  • Siena Lending Group LLC Announces the Closing Of A $35 Million Credit Facility for a Functional Footwear And Accessory Company
    April 25, 2023
    Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $35MM credit facility for a fourth-generation, family-owned Company based in Milwaukee, Wisconsin. The Company was founded in 1911 and has a long history of designing and selling on-trend and functional footwear and accessories.
  • ICL Announces Sustainability Linked Revolving Credit Facility
    April 24, 2023
    CL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced it has entered into a $1,550 million sustainability linked revolving credit facility agreement. The initial term is for five years, with an option for the lenders to extend the period for another two years. The agreement is with a consortium of 12 international banks and replaces the previous revolving credit facility, which was entered into in 2018.
  • Authentic Brands Group Inks Deal With Vince Holding
    April 24, 2023
    Under the agreement, Vince intellectual property will live under a subsidiary within Authentic called ABG Vince. Authentic will own 75% of the group in exchange for $76.5 million and a 25% stake for Vince Holding Corp. Both entities have also entered into a licensing agreement, under which Authentic will operate the Vince business.
  • Royal Vopak Signs Agreements for a new Debt Issuance of EUR 400 Million Equivalent
    April 24, 2023
    Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of USD 225 million and EUR 193 million. Funding will take place mid June this year and is subject to customary closing conditions.
  • LSQ Creates a $7.5 Million Facility for Telecom Services Firm
    April 24, 2023
    LSQ, a leading provider of working capital and payments management solutions, recently originated a $7.5 million credit facility for a Florida-based telecom field services firm. The company will use the additional working capital to support current operations and growth.

 

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