- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million
- Polestar Secures New Term Loan Facility of Up To USD 600 Million
- J.S. Held Welcomes Asset-backed Securities Pioneer James H. Aronoff
- SouthStar Capital Provides $5 Million Accounts Receivable Financing Facility for a Growing Commercial Construction Company
TSL Express Daily Articles & News
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John J. Lim Joins Bank of America Business Capital Metro NYC Team
Bank of America Business Capital announced that John J. Lim has joined the Metro NYC team as a senior business development officer. Based in New York City, he will provide asset-based lending solutions and banking products to large corporate and middle market companies, intermediaries, and financial sponsors in New York City, Westchester and Connecticut.
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TSL Express Daily Headlines & News
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Truist Bank Announces the new Enterprise Operations and Global Services CoE; Team To Be Led by Raj Bharadwaj
August 23, 2021Truist Bank is combining its Banking Operations and Corporate & Institutional Group (CIG) Operations and launching a global services capability to create a new center of excellence (CoE) – Enterprise Operations and Global Services – under the Digital, Client Experience, Analytics and Marketing (DCAM) organization that is led by Dontá Wilson, chief digital and client experience officer.
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Prestige Capital Provided $5,000,000 to a Fashion and Jewelry Importer and Distributor that Pivoted to PPE Sales
August 23, 2021Prestige Capital recently provided $5,000,000 to a fashion and jewelry importer and distributor that shifted to sell PPE and Medical Equipment during the pandemic.
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J D Factors Recent Fundings
August 23, 2021J D Factors provided a $150,000 factoring facility to a transportation company in New Jersey.
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Advisory Group Equity Services Announces Official Launch of Flagship Investment Banking Division, Trust Capital Markets, to Serve Growth Stage & Middle-Market Companies
August 23, 2021Advisory Group Equity Services, LTD. ("AGES", www.agesbrokerage.com), a full-service broker dealer and member FINRA/SIPC/MSRB, has launched Trust Capital Markets ("TCM", www.trustcm.com), a growth stage and middle-market focused investment banking division providing financial advisory, capital placement, mergers and acquisitions, and restructuring services to businesses generating up to $500M in revenues. Trust Capital Markets is led by Jeffery Morfit, appointed as the Head of Investment Banking, to execute AGES's vision of growth and performance in investment banking.
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Goldman Sachs Asset Management and Charlesbank Capital Partners to Acquire Majority Ownership of MDVIP from Leonard Green & Partners and Summit Partners
August 23, 2021MDVIP, the national leader in personalized membership-based healthcare, today announced that the Private Equity business within Goldman Sachs Asset Management ("Goldman Sachs") and Charlesbank Capital Partners ("Charlesbank") have entered into a definitive agreement to acquire majority ownership of MDVIP from Leonard Green & Partners ("LGP") and Summit Partners.
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Fifth Third Private Bank Introduces Business Transition Advisory Team
August 23, 2021Fifth Third Private Bank, a division of Fifth Third Bank, N.A., has announced the creation of the Business Transition Advisory team, dedicated to preparing business owners financially and personally for a business transition or liquidity event. Leading the team is Frieda Rakhman, who joined the Bank in January bringing more than two decades of financial experience to the role.
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Quinn Residences Secures New Credit Facility from Goldman Sachs
August 23, 2021Quinn Residences ("Quinn" or the "Company") today announced the closing of a new credit facility with Goldman Sachs Bank USA (the "Facility"), which provides the Company with debt capital to facilitate its continued growth.
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Greensill Capital Attempts to Halt Lawsuit, Files for Bankruptcy in the US
August 23, 2021The remnants of Greensill Capital, the UK financing company that collapsed earlier this year, filed for bankruptcy in the US, aiming to halt litigation filed by one of its biggest clients, a coal-mining company owned by the governor of West Virginia.
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Mars Growth, a Liquidity Group Fund, Provides Fusion Sport with a $5.5M Facility, with 24 Hour Due Diligence Using “DYNAMiCS” Platform
August 23, 2021Mars Growth Capital, a fund division of the Fintech company Liquidity Capital and MUFG Fund, has announced the closing of a $5.5M financing agreement with the Australian-based sports performance tech company Fusion Sport to drive their international expansion.
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Pathlight Capital Agents $50,000,000 Senior Secured Delayed-Draw Term Facility For My Alarm Center, LLC
August 19, 2021Pathlight Capital announced today that it is serving as Agent to the recently closed, $50 Million Senior Secured Delayed-Draw Term Loan Facility ("DDTL") for My Alarm Center, LLC ("My Alarm Center" or "the Company"), a national provider of technologically advanced security and smart home automation solutions for residential and small business customers.
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Proceeds Beat Expectations by 45 Percent in Well-Attended CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors
August 19, 2021Motivated bidders drove robust results in an online auction of foreclosed assets from a major CBD processor’s facility in Cadiz, Kentucky. Tiger Group sold the processing, lab and material-handling equipment assets, while Tranzon Asset Advisors liquidated the real estate.
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L Squared Completes the Acquisition of Crane 1
August 19, 2021L Squared Capital Partners (“L Squared”) is pleased to announce the acquisition of Miamisburg, Ohio based Crane 1 (“Crane 1” or the “Company”), one of the largest providers of overhead Crane MRO services and equipment in the United States from Pfingsten. The investment represents L Squared’s second platform investment in Fund III, a $505 million private equity fund that closed in September 2020. Crane 1 is a proven M&A platform operating in the highly fragmented $3 billion market for overhead crane MRO services and equipment, having completed six acquisitions in the last five years.
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Arbor Renewable Gas, LLC Secures Capital Commitment from EnCap Investments L.P.
August 19, 2021Arbor Renewable Gas, LLC (“Arbor Gas”) announced today its underlying capital commitment from EnCap Investments L.P. (“EnCap”), a leading provider of equity capital to the independent sector of the U.S. energy industry, and from Mercuria Energy Company, LLC (“Mercuria”), a leading global energy and commodity trading organization.
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Avista Capital Partners Announces Leadership Transition, New Partners and Promotions
August 19, 2021Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced that effective December 31, 2021,Tom Dean will transition from Co-Managing Partner and Co-Chief Executive Officer to Chairman of the Firm. David Burgstahler, who co-founded Avista with Tom Dean in 2005, and has been serving alongside him as Co-Managing Partner and Co-Chief Executive Officer, will serve as the Firm's sole Managing Partner and Chief Executive Officer also effective December 31, 2021. These changes will ensure continuity while setting the stage for significant growth moving forward.
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H.I.G. Capital Completes Acquisition of Pegasus Home Fashions
August 19, 2021H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $45 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Pegasus Home Fashions, Inc. (“Pegasus” or the “Company”).
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Horizon Technology Finance Leads $15 Million Growth Capital to Nogin
August 19, 2021Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it led a $15 million venture loan facility to Branded Online, Inc. (dba "Nogin"), of which Horizon funded $5 million of the initial $10 million draw, and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $5 million.
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PNC Pledges $20 Billion In Environmental Finance
August 19, 2021The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC's long-standing support for accelerating the transition to a low-carbon economy, and is complementary to the bank's recently announced Community Benefits Plan, which pledges $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities.
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TIP Announces Amendment and Extension of its Revolving Credit Facility (RCF) and Raises Additional Money
August 18, 2021TIP, a portfolio company of I Squared Capital, has successfully amended and extended its existing Revolving Credit Facility (RCF) and additionally raised funding to strengthen the business. The existing Revolving Credit Facility (RCF) was increased from €1,150.5 million to €1,196.75 million with no change in pricing or structure and extends the maturity by 2 years. Rabobank and ABN AMRO acted as joint coordinators and physical book runners to TIP and I Squared Capital on the transaction.
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Better Choice Company Increases Term-Loan Credit Facility Capacity to $7.5 Million at LIBOR Plus 250 Basis Points
August 18, 2021Better Choice Company Inc. (NYSE: BTTR) (the “Company” or “Better Choice”), an animal health and wellness company, today announced it has increased its term-loan credit facility capacity from $6.0m to $7.5m with its current lender, Wintrust, a leading commercial bank headquartered in Chicago, Illinois.
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FocalPoint Advises Floyd Medical Center on its Strategic Combination with Atrium Health
August 18, 2021Floyd Medical Center (“Floyd” or the “Company”), a leading provider of healthcare services in northwest Georgia and northeast Alabama, has completed a membership substitution and strategic combination with Atrium Health. Floyd provides patient care at 62 locations and is anchored by the flagship 304-bed Floyd Medical Center, an acute care hospital and regional referral center in Rome, Georgia.
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