- NXT Capital Closes Senior Credit Facility in Support of CenterOak Partners’ Acquisition of Grismer Tire & Auto Service
- Saks Global Targets Summer Exit From Chapter 11 After Securing New Financing
- Top California Lender Begins 2026 with New Investor Capital and $25.9 Million in Loan Closings; Texas Expansion Underway
- Chicago Atlantic Plans to Launch Emerging Markets Private Credit Platform
- Asset-Based Lending & Factoring Surveys
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eCapital Provides a $6 Million Asset Based Lending Facility for Agriculture Supply Company
eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division, today announced the issuance of a $6 million asset based line to a Florida-based agriculture supply company servicing both retail and wholesale clients. The company selected eCapital for its competitive rate, flexible structure and ability to provide fast access to working capital.
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Nuula Secures $120 Million in Funding to Reinvent Financial Services for Small Businesses
September 9, 2021Nuula, a fintech company focused on small businesses, today announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile app, and a $100 million credit facility provided by funds managed by the Credit Group of Ares Management Corporation ("Ares") that will provide scale to the app's integrated credit product.
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TAB Bank Provides Mechanical Maintenance Company in British Columbia, Canada with a $2.5 Million Asset-Based Credit Facility
September 9, 2021TAB Bank is pleased to announce it has provided a mechanical maintenance company in Fort St. John, British Columbia, Canada with a $2.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Jam City Acquires Award-winning Game Studio Ludia for $165 Million
September 9, 2021Jam City, Inc., a leading mobile entertainment company behind some of the world’s highest-grossing and most enduring mobile games today, announces it has completed the acquisition of award-winning mobile game studio Ludia Inc. from Fremantle for $165 million. Ludia’s growing portfolio of hit mobile games, including the Jurassic World games (Jurassic World: The Game, Jurassic World Alive) and upcoming DC and Disney titles
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Crédit Agricole CIB Appoints Danielle Baron Global Head of Structured Finance
September 9, 2021anielle Baron is appointed Global Head of Structured Finance. She reports to Jean-François Balaÿ, Deputy Chief Executive Officer of Crédit Agricole CIB and becomes a member of the Management Committee of the Bank. She was previously Global Head of Power & Utilities.
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Ritchie Bros. Promotes Jim Kessler to Role of President
September 9, 2021Ritchie Bros., a global marketplace for insights, services, and transaction solutions, announced today that its Chief Operating Officer, Jim Kessler, will take on the additional role of President, effective immediately.
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CIT Serves as Sole Lead Arranger on Financing for Houston-area Medical Office Building
September 9, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on financing for the acquisition of Hedwig Place, a 102,774-square-foot five-story medical office building close to downtown Houston, Texas.
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Brandon Hodges Joins White Oak Commercial Finance as Managing Director of Originations
September 9, 2021White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to welcome Brandon Hodges as Managing Director of Originations. Mr. Hodges will be based in Los Angeles with national ABL and Lender Finance originations responsibilities and will report to Vice Chairman Andy McGhee.
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Tradecycle Capital Delivers Five New Accounts Payable Finance Facilities in August
September 9, 2021They included a $1,000,000 limit to a family office-backed supplier of component parts to the recreational vehicle industry; a $3,000,000 limit to a privately-owned importer and distributor of bulk sheet and coiled metals, a $1,000,000 limit to a major supplier of solar energy solutions;
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CIT Names Eduard Vernède as Managing Director for Defense and Government Services
September 8, 2021CIT Group Inc. (NYSE: CIT) today announced that Eduard Vernède has joined the company as managing director in CIT's Aerospace, Defense & Government Services business. In his new role, Vernède will largely be focused on CIT's lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment.
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Ropes & Gray's 100-Lawyer Chicago Office Continues to Expand with Arrival of Leading Finance Partner
September 8, 2021Gregory Bauer, a nationally recognized leveraged finance lawyer, joined the firm's finance practice today. Greg is based in Ropes & Gray's 100-lawyer Chicago office – a team known for "talented, sophisticated problem solvers" who "understand what is important to clients," according to Chambers USA in its 2021 guide. The firm continues to expand its leveraged finance practice in the Midwest, complementing a world-class team of private equity and M&A business advisers.
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Theresa A. Driscoll Named To LI's Top 50 Most Influential Women In Business
September 8, 2021Theresa A. Driscoll, a partner at Moritt Hock & Hamroff, has been named by Long Island Business News as a member of its Top 50 Most Influential Women In Business for 2021. The award recognizes the significant contributions of women professionals to the region’s economy and to the communities in which we do business.
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Sallyport Provides $1,000,000 Accounts Receivable Finance for a Start Up
September 8, 2021Sallyport is delighted to announce another early September funding - $1,000,000 accounts receivable finance for a startup business manufacturing sustainable, eco-friendly kitchenware. The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth, enabling them to fulfill a number of larger orders that they've recently secured.
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Genesis Bank Announces Chief Banking Officer and Heads of Commercial Banking, Income Property Banking, SBA and Government Lending, Private and Specialty Banking, and Treasury Management
September 8, 2021Genesis Bank (“Genesis” or the “Bank”), announced today the veteran leaders of each of the Bank’s lines of business, including Commercial Banking, Income Property Banking, Small Business Administration (“SBA”) and Government Lending, Private and Specialty Banking, and Treasury Management.
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Crayhill Capital Management Closes Second Principal Strategies Fund at $820 Million
September 8, 2021Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, today announced the final close of Crayhill Principal Strategies Fund II ("Principal Strategies II") with approximately $820 million of capital commitments.
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Houlihan Lokey Further Expands Its Transaction Advisory Services Practice With Technology Sector Leader
September 8, 2021Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Kiran Lulla has joined the firm’s Financial and Valuation Advisory business as a Managing Director in Transaction Advisory Services (TAS). He is based in Dallas and will focus on supporting the firm’s continuing build-out of its technology, media, and telecom (TMT) service capabilities in TAS.
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D-BOX Announces $1,000,000 Loan under Highly Affected Sectors Credit Availability Program
September 8, 2021D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO), a world leader in haptic and immersive entertainment experiences, announced today the closing of a loan with the National Bank of Canada (“NBC”) in connection with the Highly Affected Sectors Credit Availability Program (“HASCAP”) offered by the Business Development Bank of Canada (“BDC”).
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Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm
September 8, 2021Amerisource Business Capital announced the closing and funding of a $2,000,000 real estate loan for an Ohio based metal stamping and machining firm. The proceeds were used to re-finance the company’s bank loan that was maturing.
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SVB Financial Group Expands Financial Platform for the Innovation Economy with Addition of Technology Investment Banking
September 8, 2021SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment banking business, SVB Leerink, will expand and build on SVB's core capabilities. SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital.
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Citizens Financial Group, Inc. to Acquire JMP Group LLC
September 8, 2021Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) and JMP Group LLC (NYSE: JMP or “JMP”) announced today that they have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare, technology, financial services and real estate sectors. Upon the closing of the transaction, JMP, which was founded in 1999 and is headquartered in San Francisco, will operate as a wholly-owned subsidiary of Citizens.
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Katten Dallas Office Builds on Highly Regarded M&A Practice With New Partner Dilen Kumar
September 8, 2021Katten announced today that Dilen Kumar has joined the firm as a partner in its award-winning Mergers and Acquisitions/Private Equity practice in its Dallas office, which has seen major growth and success since opening three years ago. Prior to joining Katten, Kumar was a corporate partner at Kirkland and Ellis in the firm's private equity and M&A practice, where he also served as a diversity and pro bono coordinator for the Dallas office and on the firm's Pro Bono Management Committee and Diversity and Inclusion Committee.
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