Citizens M&A Advisory announced today that it served as financial advisor to Bally’s Corporation (NYSE: BALY) on its acquisitions of Eldorado Resort Casino Shreveport in Shreveport, LA, and MontBleu Resort Casino & Spa in Lake Tahoe, NV, from Eldorado Resorts, Inc. for an aggregate purchase price of $155 million. Citizens also served as financial advisor to Bally’s in its acquisition of Bally’s Atlantic City Hotel & Casino from Caesars Entertainment Corporation and Vici Properties, Inc. for $25 million.

Armory Securities, LLC is pleased to announce the successful sale of all of Wave Computing, Inc. via §363 auction under the U.S. Bankruptcy code. Armory served as exclusive financial advisor to Wave Computing, Inc. for the transaction. Founded in 2010, Wave Computing, Inc. (“Wave”), is a California-based private, independent technology company engaged in the licensing, development and sale of technology and services based on its microprocessor core architecture intellectual property that operates computer chip central processing unit (CPU) cores used in some of the world’s most popular products.

Leading global professional services firm Alvarez & Marsal (A&M) has further bolstered its Healthcare Industry Group’s growing compliance and regulatory offering with the appointments of Medicare’s top fraud officer, Alec Alexander, as a Managing Director, and Christina Steiner as a Director. Mr. Alexander and Ms. Steiner are the latest strategic additions to the Healthcare Industry Group’s expanding Compliance and Regulatory Services.

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Moorari K. Shah has joined the firm as a partner in the Finance & Bankruptcy practice group and as a member of the Fintech industry team. Shah, who will be co-located in Los Angeles and San Francisco, was most recently a partner at Buckley LLP. He is the seventh lateral partner to join Sheppard Mullin in 2021.

First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Aric Graham as Senior Vice President, Corporate Banking Director. In his new role, Graham will be responsible for building and leading the Corporate Banking platform across all regions of the bank.

Bank of America has named Mark K. Bennett as President of Bank of America Jacksonville. Bennett succeeds Greg Smith, who announced his retirement earlier this month. As Jacksonville president, Bennett will be responsible for connecting the banking and investment resources offered through the bank's eight lines of business to companies, families and individuals across northeast Florida.

LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided senior secured credit facilities to support the acquisition of Magnolia River International, Inc. ("Magnolia River" or the "Company") by Warren Equity Partners. LBC served as Agent and Sole Lender for the senior secured credit facilities.

On the heels of completing the fundraising of Balance Point Capital Partners IV, L.P. and significant growth of its assets under management in 2020, Balance Point Capital Advisors, LLC ("Balance Point") set out to bolster its investment team. Balance Point is pleased to announce both an internal promotion and three external hires to support that growth.

Crestmark secured a total of $16,518,200 in ABL/factoring financial solutions for 13 new clients; Crestmark Equipment Finance provided $6,616,982 in five new transactions; and Crestmark Vendor Finance provided $5,846,027 in 63 new transactions in the first half of April.

Tiger Finance, an affiliate of Tiger Group today announced that it provided financing to support the April 2021 acquisition of digitally native fashion retailer ModCloth by Nogin, the market leader in outsourced e-commerce for major fashion and consumer product companies. Tiger provided a $6 million term loan to Nogin to help fund its purchase of the ModCloth assets from brand investment platform Go Global Retail for an undisclosed sum. Additionally, Tiger Valuation Services is providing inventory analytics support to Nogin.

Terence (Terry) Dougherty has joined MidCap Business Credit as a SVP and Head of Underwriting. Terry previously was with CNH Finance as Managing Director of Commercial ABL. James (Jay) Cunningham has joined MidCap Business Credit as a SVP and Head of Credit and Diligence. Prior to joining Midcap Business Credit, Jay spent 27 years at GE Capital.

Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report another quarter of strong financial results. During the first quarter, we reported another increase in our Net Asset Value and we again fully covered our dividend with Net Investment Income. Consistent with the last three quarters, we have seen continued recovery and stabilization in many of our portfolio companies and the vast majority of our portfolio companies have strong long-term outlooks.

Encina Business Credit announced today that Garett Figueroa joined its business development team as a Managing Director. Mr. Figueroa is an asset-based lending finance professional with over 9 years of business development and credit risk experience at bank lenders and non-bank private debt funds. Garett holds a BS in Business Administration & Management from the University of Southern California’s Marshall School of Business.

Leading global professional services firm Alvarez & Marsal (A&M) has appointed New York-based John Hartig a Managing Director in its Media group within A&M’s Corporate Performance Improvement practice. Mr. Hartig, who has a track record of transforming media companies by aligning to shifting market dynamics, expands and strengthens A&M’s capabilities to drive value to an industry in critical need of transformation.

Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today the amendment and expansion of its Senior Credit Facility led by JPMorgan Chase Bank under which the borrowing base has been increased from $120 million to $250 million. On May 3, 2021, the Company entered into the Fifth Amendment (the “Amendment”) to the Credit Agreement, dated as of September 17, 2019, by and among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other participating lenders thereto (the “Credit Agreement”).

White Oak Commercial Finance ("White Oak") provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City. The e-commerce wholesale company provides high-quality, sustainably minded clothing to partners in the U.S. and abroad. The funding was secured by the business inventory and accounts receivable to support its rapid expansion and pay down existing debt.

Xcel Brands, Inc. (NASDAQ: XELB) today announced it has entered into a refinancing of its existing credit facility. The refinancing provides an initial $25 million term loan under a facility jointly provided by BHI and First Eagle Alternative Credit, LLC, and up to an additional $25 million for acquisitions, subject to lender approval; and separately, through First Eagle Alternative Credit, LLC an additional $50 million acquisition facility subject to lender approval.

BQE Software, Inc. (“BQE” or the "Company"), a global leader in providing SaaS-based business and project management solutions to professional services firms, has secured a significant growth investment from Serent Capital Management Company, LLC (“Serent Capital”). FocalPoint Partners, LLC ("FocalPoint") served as exclusive financial advisor to the Company.

The All Stars Project of Chicago (ASP of Chicago), a nonprofit organization that sponsors innovative Afterschool Development programs for inner-city youth in Chicago, today announced that veteran business and philanthropic leader Ben Nortman, Executive Vice President of Hilco Global and CEO of Hilco Merchant Resources, has been named co-chair of its Board.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Shayna Modarresi as a Managing Director. Modarresi, who will focus on investments in the technology sector, will be based in Runway's Silicon Valley office and report to Mark Donnelly, Managing Director, Head of Origination.