TSL Express Daily Articles & News

A&C Advisors LLC, a strategic advisory firm for the global investment management industry, has expanded to the United Kingdom and named industry veteran Olga Romanova as a Director.

CIBC (TSX: CM) (NYSE:CM) President and CEO Victor Dodig today announced senior leadership appointments that position the bank to continue executing on its client-focused strategy and build on its momentum in creating sustainable value for all stakeholders.

Star Mountain Capital, LLC (“Star Mountain”), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 8/31/2024) focused on generating defensive, premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Peter Scaturro has joined as Senior Advisor.

Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ("Nexus"), pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing business operations.

Race Communications, a leading Fiber-to-the-Home (FTTH) provider in California, announced today that it has secured more than $500 million in additional capital to accelerate the expansion of its fiber network across the state.

Power Solutions International, Inc. (the “Company” or “PSI”) closed on its new uncommitted senior secured revolving credit agreement (the “Credit Agreement”), with Standard Chartered Bank (“Standard Chartered”) and two other lenders.

Gino Clark, a native Californian with over 30 years of experience in asset-based lending and factoring, has joined Milberg Factors as senior vice president.

Troutman Pepper and Locke Lord have agreed to merge effective January 1, 2025. The new law firm, which will be named Troutman Pepper Locke, will have more than 1,600 attorneys in 33 offices in the United States and two in Europe, with a meaningful presence in all 10 of the largest U.S. legal markets.

BRG today announces the appointment of Michael Seelhof, a renowned expert in investment and commercial arbitration, who joins the firm's New York office. Seelhof brings three decades of experience in valuation and financial analysis supporting counsel, tribunals, funders and corporations as an expert witness and investment banking practitioner.

As the world has returned to in-person events, companies that support these events are experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring partner of National Business Capital (NBC) for financing to support a significant level of outstanding bids and pipeline contracts.

EdgeCore Digital Infrastructure, a wholesale data center developer, owner, and operator, today announced the completion of a $1.9 billion capital investment to fund continued development of hyperscale data center space across its portfolio.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that two new principals have joined its valuation advisory services practice. Brad Hirsch, ABV, will serve as the practice leader and Anthony Doughty, CFA, joins as a principal. Both Hirsch and Doughty are based in Chicago and have extensive experience involving financial, tax-related, and asset-based valuations across the public and private sectors.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, is pleased to announce that Daniel Carey has been promoted to Senior Vice President, Chief Financial Officer (CFO). Previously the Head of Finance and Accounting, Carey has been with the bank since 2022 and has nearly 16 years of progressive experience working in the banking and accounting fields.

Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank.

Enviri Corporation announced that it has amended and extended its senior secured revolving credit facility. The Company’s new $625 million revolving credit facility will mature on September 5, 2029. Additionally, the Company will maintain its existing Revolving Credit Facility for an amount of $50 million with certain lenders.

PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Aug. 6, indicates that business owner optimism remains high, lending support to PNC's forecast of a soft landing for the U.S. economy.

Global business advisory firm EisnerAmper announces that the partners and colleagues of Elgin, IL-based, CPA firm Tighe, Kress & Orr, P.C. ("TKO") are joining EisnerAmper in a combination expected to close in October 2024.

NXT Capital announced today that it closed a senior credit facility in support of Bansk Group’s acquisition of Foundation Wellness (or the “Company”). NXT Capital acted as Joint Lead Arranger, Collateral Agent, and Administrative Agent on this transaction.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $20 million in growth capital to Kymeta, a leading flat-panel satellite antenna company.

Red Lobster Management LLC, along with its direct and indirect operating subsidiaries (“Red Lobster” or “the Company”), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has received court approval of its Chapter 11 plan.