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  • Robert (Bob) Fisher, CLFP Joins Arboretum Commercial Finance, LLC
    September 15, 2020
    Fisher has a 35-year background of sales, credit and management experience in the equipment financing industry. Bob has held management positions with Bank of America, Main Street Bank and most recently at Ascentium Capital. Fisher has been active in numerous professional organizations, having previously served as UAEL President and the CLFP Foundation President.
  • Reech Corporations Group Launches Merchant Banking and Capital Markets Division
    September 15, 2020
    - Former Carlyle Group Senior Advisor Christopher Yoshida appointed as CEO, Merchant Banking & Capital Markets Division - New division will originate and deploy financing across investment group
  • Hilco Merchant Resources Appoints Charles M. Jayson as Executive Vice President – Retail Business Development
    September 15, 2020
    Hilco Merchant Resources announced today the appointment of Charles M. Jayson (Chuck) to Executive Vice President, Retail Business Development of Hilco Merchant Resources. Mr. Jayson will focus on working with leaders in the consumer sector, developing and structuring transactions with retailers and consumer product companies to maximize return on excess assets. He also will provide advisory services spanning product development, merchandising, supply chain, global distribution, and licensing programs to Hilco Global clients.
  • Franklin Capital Partners with Turnaround Firm Virtas Partners to Provide a Snack Foods Company With Financing
    September 15, 2020
    Franklin Capital has been working hard to partner with turnaround firms, banks, and other financial professionals, to help small and medium-sized businesses navigate this unfamiliar territory and become increasingly stronger. We recently successfully closed a deal for financing after partnering with a turnaround firm.
  • CapX Partners Hires Mike Wells as Director
    September 15, 2020
    CapX Partners (CapX), a leading provider of middle-market equipment leasing and financing programs, has added Mike Wells as Director. His responsibilities include Midwest business development and relationship management.
  • Great Lakes Business Credit Names Rhett B. Rowe as CEO
    September 15, 2020
    In a move certain to alter the asset-based lending landscape, Great Lakes Business Credit has a new CEO with expansive plans for the lender. Business finance pioneer Rhett B. Rowe, whose record as the company's senior managing director attracted investment group interest, has now assumed overall responsibilities as the CEO of the firm. Founded in 2002, Great Lakes Business Credit has a long record of providing financing to companies seeking to regain financial stability and return to conventional financing.
  • Gordon Brothers to Sell Silica Mining Assets in Arcadia, WI
    September 15, 2020
    Gordon Brothers, the global advisory, restructuring and investment firm, has been engaged to sell silica mining and processing assets and plant equipment located in Arcadia, Wisconsin on behalf of Wisconsin Bank & Trust as secured lender. The sale features a 130 ton per hour wet plant, a 200 ton per hour dry plant, as well as a portfolio of over 100 units of associated support equipment, including radial stackers.
  • Town Sports Files for Chapter 11
    September 14, 2020
    The parent company of New York Sports Clubs and Lucille Roberts gyms,Town Sports International Holdings, has filed for Chapter 11 protection in the wake of a cash flow shortage due to the pandemic. The gym is not closing up shop, however. It instead plans to restructure and “emerge as a thriving powerhouse in the fitness industry,” it said on its website. It will continue to operate its facilities, which are mainly located on the East Coast, as it works its way through the bankruptcy process.
  • H.I.G. Capital Acquires DGS S.p.A.
    September 14, 2020
    H.I.G. Europe (“H.I.G.”), the European affiliate of H.I.G. Capital, a leading global private equity investment firm with more than €34 billion of equity capital under management, announced today the acquisition by an affiliate of a controlling stake in DGS S.p.A. (the “Company”), a leading firm in the Italian information technology industry.
  • MDLIVE Announces $50 Million Crossover Equity Investment from Sixth Street Growth
    September 14, 2020
    MDLIVE Inc., one of the three largest and fastest growing telehealth companies in the U.S. offering virtual healthcare services in all 50 states, today announced the closing of a $50 million crossover equity investment from Sixth Street Growth, the growth investing arm of Sixth Street, a leading global investment firm. The $50 million funding will be used primarily for the ongoing strategic expansion of MDLIVE's comprehensive, technology-enabled, and disruptive Virtual Primary Care digital health platform.
  • Strategic Storage Trust IV Announces Term Loan Expansion
    September 14, 2020
    Strategic Storage Trust IV, Inc. ("SST IV"), a public non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced a $9.2 million expansion of its term loan with TCF National Bank.
  • Ameris Bank Expands Commercial Banking Across the Southeast
    September 14, 2020
    Ameris Bank is deepening its commercial team with the bank's expansion into Tampa and Greenville, its new market strategies in Augusta and Charlotte and its advancement of the treasury and cash management division. The following long tenured and expert bankers have been tabbed to lead these initiatives: Brian Parks has joined the bank as regional president overseeing most of the bank's Florida markets spanning from Jacksonville to Orlando to Tampa. Previously he was with SunTrust, now Truist, for 22 years, where he served as a regional leader, banking commercial and middle market relationships across the Southeast.
  • SLIM Capital Completes A $2.2MM Funding for a Tire Shredding Company
    September 14, 2020
    SLIM Capital completed a transaction totaling $2.2 million in August 2020, for a tire shredding company in the Lone Star State. These long-time tire recycling veterans have been recycling used tires from various facilities throughout TX. As part of the tire recycling process, there was in excess of 80% of the inventory that was going to waste.
  • Kyle C. Murphy Joins Hilco Valuation & Industrial Services as Managing Director of Business Development for the Northeast Region
    September 14, 2020
    Hilco Global announced today the appointment of Kyle C. Murphy to Managing Director, Business Development of Hilco Valuation and Industrial Services. Mr. Murphy, who is based in Boston, will focus on private equity sponsors, lenders, advisors, consultants, and companies in the northeast region of the U.S. Mr. Murphy joins Hilco Valuation & Industrial Services most recently from J.P. Morgan, where he led business development and loan origination for their Middle Market Banking Group by calling primarily on middle-market private equity sponsors based in New England.
  • Sallyport Commercial Finance Helps a Specialty Pipe and Fitting Distributor with a $250,000 Credit Facility
    September 14, 2020
    Sallyport Commercial Finance provides a $250,000 accounts receivable facility to a company specializing in the distribution of specialty piping materials.
  • A&G Now Marketing Leases for 280 Stein Mart Stores, Plus Distribution Centers and Offices
    September 14, 2020
    A&G Real Estate Partners (A&G) has begun marketing leases for approximately 280 store locations across the United States that are being closed by Stein Mart, Inc. in connection with its voluntary Chapter 11 bankruptcy. The firm, which was retained as the retailer’s real estate advisor, is also offering leases for three distribution centers and two office properties.
  • Beleaguered Bakery Chain Maison Kayser Files for Bankruptcy
    September 14, 2020
    In the bankruptcy document, Maison Kayser’s U.S. operator Cosmoledo LLC states that it agreed to sell all of its assets to Aurify, the same brand that recently purchased all the U.S. operations for beleaguered bakery chain Le Pain Quotidien for $3 million. It wasn’t immediately clear how much Aurify is paying for the Maison Kayser takeover.
  • McGuireWoods Adds Top-ranked Leveraged Finance Partner Linn Mayhew in London from DLA Piper
    September 14, 2020
    McGuireWoods continues to expand its formidable global banking and finance capabilities with the arrival of partner Linn Mayhew, who joins the firm’s top-ranked debt finance practice in London. Mayhew focuses on international acquisition and leveraged finance for private equity sponsors, alternative investment funds, banks and corporate clients. She advises borrowers and creditors at all levels of the capital structure. She also advises on fund finance, restructurings and general banking matters.
  • Hornbeck Offshore Completes Reorganization And Emerges From Chapter 11
    September 14, 2020
    Hornbeck Offshore Services, Inc. (the "Company") announced that on September 4, 2020 (the "Effective Date") the Company emerged from Chapter 11 pursuant to its Joint Prepackaged Chapter 11 Plan of Reorganization (the "Plan"). The Plan implements the previously announced Restructuring Support Agreement negotiated with the Company's lenders and note holders.
  • Republic Provides a $3.0 Million Direct to Consumer Facility for a Sponsor Owned Apparel Accessory Manufacturer
    September 14, 2020
    When a private equity owned west coast apparel accessory manufacturer needed more availability and additional liquidity from their loan facility, they choose Republic Business Credit to accelerate their growth through the pandemic. Republic provided a growth orientated facility that gives availability on inventory, merchant accounts and direct to consumer proceeds.