TSL Express Daily Articles & News

Private equity and venture capital activity in the US solar industry is poised to hit a four-year low in 2024, while private inflows into the sector globally have rebounded.

Legion Technologies, an innovator in workforce management (WFM), today announced it has received $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. The raise, which brings Legion’s total funding to $195 million, follows a $50 million growth round led by Riverwood Capital earlier this year.

The TCW Group, Inc., a leading global asset manager, and Nippon Life Insurance Company, one of the world’s largest life insurance companies, today announced that Nippon Life intends to commit up to $3.25 billion in additional anchor capital to TCW alternative credit strategies and increase its minority ownership stake in TCW in the future.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunning manager to Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea” or the "Company”) on its recent $71.8 million secondary offering.

Amerisource Business Capital recently completed the successful closing and funding of a $13,000,000 senior credit facility for a specialty manufacturer of plugs and tapes based in Wisconsin. The loan proceeds were used for working capital and to refinance equipment and commercial real estate debt.

Family offices are planning to boost outsourcing of core services as they look to benefit from professional expertise and improve services, new global research* from Ocorian, the specialist global provider of services to high-net-worth individuals and family offices, financial institutions, asset managers and corporates, shows.

Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has received commitments from a group of financial institutions for a revolving loan of up to $500.0 million (the “Revolving Credit Facility”).

London-based Lighthouse, a commercial intelligence platform for the $15 billion travel and hospitality technology market, said proceeds from the investment will help expand its "significant presence" in Grapevine, among other endeavors.

U.S. Bank announced that John Freeman was named Head of Sales & Originations for U.S. Bank Asset Based Finance and that the team has been realigned to match the structure it has across the bank for serving corporate and middle market clients

J.F. Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, today announced the successful closing of its latest flagship fund, JFL Equity Investors VI, L.P. and affiliated investments vehicles ("Fund VI").

After more than eight decades calling the garment district home, Rosenthal & Rosenthal is moving its headquarters uptown to 300 Park Avenue in the Spring of 2025, marking an exciting step forward for the third generation of the family-owned commercial finance firm.

Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of You First by The Gersh Agency, Inc. (“Gersh”), a portfolio company of Crestview Partners.

Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced the hire of David Navarro as Senior Vice President, Southern Nevada Commercial Banking Market Leader.

Leading global professional services firm Alvarez & Marsal (A&M) has appointed Joseph C. Sponholz, Esq. as Managing Director and Leader of the new North American Transport and Logistics Infrastructure Group within its INFRA team in the US.

Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of SK Capital Partners' ("SK Capital") acquisition of Spectra Confectionary ("Spectra" or the "Company"), one of Canada's largest manufacturers of premium decorative toppings and confectionery products, supplying sprinkles, chocolate vermicelli, non-pareils and sugar shapes to North America's largest food distributors, bakeries, and snack food companies.

Nuveen, the investment manager of TIAA, is expanding its alternative investment platform for the wealth market, launching a collateralized loan obligation (CLO) exchange traded fund (ETF).

Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, announced today that it has successfully closed a $150 million debt financing facility.

Blackstone Credit & Insurance (“Blackstone”) and Jet Support Services, Inc. (“JSSI”) today announced over $1 billion in new financings to support the recapitalization of JSSI, the world’s largest independent provider of hourly cost maintenance programs for business aircraft engines, auxiliary power units, and airframes.

Matrix Applications, LLC ("Matrix") has successfully completed the 2024 System and Organization Control (SOC) 1 and SOC 2 Type 2 audits for its TradeBlazer Collateral Management System and Managed Services.

Next Level Aviation® (NLA), a leader in the global distribution of used serviceable materials (USM) for all Boeing and Airbus commercial aircraft and associated jet engine platforms, has secured a new $50MM revolving credit facility with PNC Bank with the potential to expand this facility over time as NLA grows.