Tiger Capital Group today announced that Director of Field Financial Operations Gail Glave has been promoted to Managing Director. As a key leader in the retail disposition practice of the asset appraisal, disposition and investment firm, she serves as both a senior financial analyst and operations specialist, responsible for financial modeling, tracking and analyzing daily sales data, and the on-site management of Tiger's field supervisors.

David Ellison's Skydance Media has closed a deal that will give it $1 billion in available credit from J.P. Morgan and a consortium of partnering banks. The refinancing agreement offers a four-year, $500 million revolving credit facility, with an option to expand to $1 billion if required. The new revolver is also backed by Comerica, Bank of America, Truist Bank, Union Bank and other financial institutions.

KKR, a leading global investment firm, today announced the appointment of Michael Small as a Partner in KKR's European Credit & Markets team. In his role, Michael will have certain origination, execution and fundraising responsibilities for KKR's Private Credit business and the broader Credit & Markets platform. He will also help grow KKR’s global mezzanine strategy. Michael will sit on several KKR Credit Investment Committees and will join the firm in mid-2021.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $3 million asset-based lending facility to a certified Women’s Business Enterprise (WBE) that distributes and installs specialty building products in the Northeast U.S.

Global law firm Greenberg Traurig, LLP was named Restructuring Law Firm of the Year for Middle Markets at Global M&A Network's 12th Annual Turnaround Atlas Awards held virtually, Jan. 21-22. According to the Global M&A Network website, the Awards honor excellence from the restructuring, insolvency, distressed investing, and M&A industries in categories of best value-creating transactions, outstanding firms, top professionals, and legendary leaders.

When a portfolio company of ClearLight Partners, Paul Fredrick, sought to refinance its existing bank facility, they partnered with Republic Business Credit. Republic provided a scalable, flexible and growth orientated facility with full availability on inventory, merchant accounts and direct to consumer proceeds to leverage Paul Fredrick’s e-commerce strategy. Paul Fredrick is a leading designer and retailer of men’s apparel and related accessories.

Stilt, a provider of financial services for immigrants in the United States, announced today it has raised a $100 million warehouse facility from Silicon Valley Bank for lending to its customers. This brings Stilt’s total debt facilities so far to $225 million, and will enable it to reach more than $350 million in annualized loan volume. The company also announced the public launch of its no-fee checking accounts, which have been in private beta since September.

HYPERAMS, LLC announced the online auction of assets no longer needed in the operation of Dura Automotive Systems, a manufacturer of automotive components. The assets are located in four plants in Milan and Lawrenceburg, Tennessee; Stockton, Illinois; and Auburn Hills, Michigan. The Milan, Tennessee location will be a complete facility shutdown. The online auction will include a variety of metal fabrication, wire braiding, cable manufacturing, flattening and trapezoid mills, and metalworking equipment, among other assets.

Lighthouse Financial Corp. is pleased to announce the addition of Andy Graziano to the team as vice president, business development covering the Southeast region including Georgia, Tennessee, Alabama and Florida. Mr. Graziano's primary responsibilities will include the marketing of Lighthouse's product offerings and origination of new asset-based loan opportunities.

L’Occitane U.S. filed Chapter 11 bankruptcy protection in New Jersey on Tuesday, seeking to close stores. The business cited declines in brick-and-mortar sales and the ongoing coronavirus pandemic as the reasons for the filing. Fox Rothschild LLP is representing L’Occitane.

Mr. Palumbo joins Davis Polk from White & Case LLP, where he led the firm’s Americas Private Credit & Direct Lending practice. He has extensive experience in structuring and negotiating direct lending and private credit transactions, including senior stretch and unitranche facilities, secured and unsecured syndicated loans, second lien and recurring revenue transactions, asset-based credit facilities, subscription line credit facilities, subordinated loans and mezzanine financings.

Belk, the North Carolina-based department store chain which has catered to generations of shoppers for nearly 190 years, announced Tuesday that it will file for Chapter 11 bankruptcy. The chain’s owner, private equity firm Sycamore Partners, said in a news release that Belk will continue with “normal operations” as it goes through bankruptcy, The Charlotte Observer reported.

US-based buffet restaurant chain Cici’s Pizza has reportedly filed for bankruptcy after its finances were hit by the Covid-19 pandemic. The growing shift towards takeout and delivery in the restaurant segment affected the sales of the Texas-based company, which operates 318 units across 26 US states, together with its franchisees. Cici’s has agreed to sell itself to its primary lender D&G Investors, following its pre-packaged Chapter 11 declaration.

AlixPartners, announced that Adam Fless has rejoined as a Managing Director in the firm’s New York office. Adam brings over 20 years of performance improvement experience from both the impact-focused consulting and private equity worlds. He will focus on supporting the firm’s private equity clients on executing diligence, margin, and growth transformation programs across industry verticals.

An improved public health environment and the possibility of higher capital gains taxes will likely drive increased merger and acquisition activity in 2021, according to a Citizens survey of 700 leaders at U.S. middle market companies and private equity firms. Companies will rely on M&A for growth in 2021 and more sellers will be open to making deals, particularly in the second half, survey respondents said.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised R.M. Parks, Inc. (“R.M. Parks” or the “Company”) on the sale of its U.S. wholesale petroleum distribution assets to PacWest Energy, LLC, a joint venture between Jackson Energy and Shell Oil Products US. Tammera Diehm, Noreen Sedgeman, and Kristy Lieblein of Winthrop & Weinstine, P.A. served as legal counsel for R.M. Parks.

B. Riley Advisory Services, a leading provider of specialty financial consulting services and solutions, and subsidiary of B. Riley Financial (NASDAQ: RILY) (“B. Riley”), is pleased to announce it was named Middle Market Turnaround Consulting Firm of the Year for its outstanding leadership in restructuring. The firm was also awarded in several individual deal categories at the 12th Annual Turnaround Atlas Awards hosted by Global M&A Network.

Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that Peter Keogh has joined the firm as a Managing Director, and promoted four current employees. Carl Marks Advisors is continuing to build upon the momentum it saw in 2020, a year in which it added 9 professionals to its team.

The transaction closed with debt financing provided by CrossFirst Bank. Legal counsel was provided by a Spencer Fane LLP team led by Brian Memory and Aaron Pawlitz in coordination with the firm’s corporate group in Plano, Texas.

Digital banking leader Oxygen today announced that it has partnered with Fundera, the go-to financial marketplace for small and medium-sized businesses (SMBs) to compare multiple loans instantly, to streamline the application and distribution process for the latest round of Paycheck Protection Program (PPP) loans. The Oxygen-Fundera partnership will bring much-needed assistance to the most at risk of America’s small businesses that have been financially impacted during the current global coronavirus pandemic.