BHI, a full-service commercial bank, announced that it has appointed Gal Defes Head of International Commercial & Industrial, High Tech and Investment Services. His banking career spans 15 years in technology and growth sector financing. Defes joins BHI from Bank Leumi USA, where he served most recently as Senior Vice President and Head of Technology Banking for its East Coast Region.

Mitsubishi UFJ Financial Group (MUFG), a leading global financial group, today announced that Neal Holland has been appointed Chief Financial Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary MUFG Union Bank, N.A., effective June 1, 2021. The U.S. operations of MUFG had total assets of $344 billion at December 31, 2020.

Mr. Rachlin, who will be based in New York, is an expert in life sciences, advising clients through their most critical transaction and transformation challenges. In his new role, Mr. Rachlin will lead life sciences industry efforts in the Valuation & Financial Advisory Services practice, helping clients in the biopharmaceutical, medical technology and cannabis industries evaluate transaction opportunities and larger growth-related initiatives, as well as valuation, deal modeling and strategic alternatives.

Gordon Brothers, the global advisory, restructuring and investment firm and owner of the British heritage brand Laura Ashley®, has welcomed Carolyn D'Angelo as Managing Director, Brands and President of Laura Ashley. Based in New York, New York, D’Angelo has nearly 30 years of experience in marketing, licensing, branding and merchandising in the home and fashion industries, implementing innovative strategies for national consumer brands. She will lead new development and licensing opportunities within the equity and debt portfolios for the Brands team.

David's Bridal, LLC (the "Company"), the nation's leading bridal and special occasion authority, announced today the closing of a $70 million term loan provided by CPPIB Credit Investments Inc., a subsidiary of Canada Pension Plan Investment Board ("CPP Investments"). Paul, Weiss, Rifkind, Wharton & Garrison LLP served as the Company's legal advisor and Greenhill & Co., LLC served as financial advisor.

CIBC Innovation Banking is pleased to announce that Joe Hammer is joining its growing North American team as Managing Director, Head of East Coast U.S. Life Sciences and Healthcare. He will be based in CIBC Innovation Banking’s new office in Boston, MA.

KeyBanc Capital Markets (KBCM), the corporate and investment banking arm of Cleveland-based KeyCorp (NYSE: KEY), announced today the expansion of its Utilities, Power & Renewables Group through the addition of a six-person renewable energy investment banking team. Julian Bailliet, Timothy Beach, Ari Citrin and Oliver Janssen will join KBCM as managing directors, with Mark Dondero joining as a director and Bill Chamberlin joining as a vice president. The team will be based in the firm's San Francisco office.

Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its April 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Total April new filings exceeded the forty thousand threshold for the second straight month with 40,886 across all chapters. The new filings were driven by 38,813 new non-commercial or individual filings, down from March’s 41,156, but up 16% over the average in the prior 7-month period.

SPAR Group, Inc. (NASDAQ: SGRP), a leading global provider of merchandising and marketing services, announced that it has increased and extended the terms of its current line of credit. Under the more favorable terms of the amendment, the maximum amount of the line of credit increased by $2 million to $18 million and the length of the term was extended by 18 months to October 2023. In addition, the minimum interest rate decreased by 150 basis points to 5.25% and facility and early termination fees were substantially reduced.

Hertz Global Holdings Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") confirmed today that it has received a revised proposal from affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC, and Apollo Capital Management, LP to provide equity capital required to fund Hertz's exit from Chapter 11.

Bridge Bank today announced its Boston-based Technology Banking Group has extended a $15,000,000 growth capital term loan to Examity, a technology company concentrating in the online proctoring market. Examity has partnerships with hundreds of enterprise-testing organizations, corporations and universities.

Founded in 2013, BondIt has posited over $150 million of capital into over 325 film, TV and other media projects. These include “Honest Thief” (starring Liam Neeson), “Midway” (a Roland Emmerich-directed WW2 film), “Loving Vincent” (the 2018 Oscar-nominated animated film) and “Street Gang: How We Got to Sesame Street” (an upcoming documentary on HBO Max).

IDS, a leading provider of enterprise mission-critical solutions for secured finance, announced today it added four new customer wins during first quarter of 2021. They include two start-up equipment finance operations; Metropolitan Capital, a universal bank expanding into asset-based lending (ABL); and a top five U.S. bank, which implemented IDS | ABL. The company is also on record pace to complete 14 go lives by the end of the first half representing a 40% increase over 2020.

Crestmark is pleased to announce that David Menoian has been promoted to Government Guaranteed Lending (GGL) business unit president. Menoian is based in Troy, Michigan and will oversee the company’s growing SBA and USDA lending portfolio. He will report to Division President Christopher Soupal.

Garrett Motion Inc. (“Garrett”) today announced it has emerged from its pending Chapter 11 cases, successfully completing the restructuring process and implementing the Plan of Reorganization (“Plan”) that was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on April 23, 2021. With the support of a significant majority of its stakeholders, led by funds managed by Centerbridge Partners, L.P. (“Centerbridge”) and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), Garrett will remain a publicly traded company and expects to list its common stock on Nasdaq, effective May 3, 2021, under the ticker symbol GTX.

Kirkland & Ellis LLP and Slaughter and May served as legal advisors to Valaris in connection with the restructuring. Lazard Ltd. served as Valaris's investment banker and Alvarez & Marsal North America LLC as its restructuring advisor. Kramer Levin Naftalis & Frankel LLP and Akin Gump Strauss Hauer & Feld LLP served as legal advisors to the Consenting Noteholders, and Houlihan Lokey Inc. served as financial advisor. Shearman & Sterling LLP served as legal advisors to the RCF Administrative Agent, and Perella Weinberg Partners LP served as financial advisor.

BizCap® (Business Capital), a leading commercial finance and advisory firm, is expanding its team with the recent addition of Cooper Brown as an Analyst, assisting the credit and capital markets departments with underwriting, syndication, debt market analysis and reporting.

FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a $15 million CAD senior secured credit facility to a large Canadian manufacturing company with an operating history of more than 150 years. The facility is secured by real estate and working capital and will be used to support the company’s business plan.

Beacon Pointe Advisors ("Beacon Pointe") has just closed another material acquisition, this time heading back to the Carolinas to partner with DMJ Wealth Advisors ("DMJWA"), which has offices located in Greensboro, Durham, Sanford and Wilmington, NC. DMJ Wealth Advisors is unique to other recent Beacon Pointe partnership acquisitions in that the firm originated from the partners of DMJ & Co., PLLC, a leading North Carolina CPA firm.

The National Association of Credit Management’s Credit Managers’ Index for April 2021 reached a high not seen for more than 15 years. The monthly combined index for manufacturing and service sectors broke through the 60-mark with a reading of 60.6 after hovering in the high 50s for several months. The last time the combined score surpassed 60 was March 2006 (60.2). However, April 2004 (62.2) still holds the record for the CMI’s highest combined score.