TSL Express Daily Articles & News

Novan, Inc. (Nasdaq: NOVN) and its wholly owned subsidiary, EPI Health, LLC (collectively, “the Company” or “Novan”), today announced that it has entered into a stalking horse asset purchase agreement (“APA”) with Ligand Pharmaceuticals, Inc. (“Ligand”) (Nasdaq: LGND) prior to filing voluntary petitions for relief under chapter 11 of title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Chapter 11 Case”).

Hilco Real Estate Finance (HREF), an institutionally backed real estate bridge lender, is bringing flexible, fast, short-term property finance expertise to the marketplace. The group is led by industry experts and co-founders Brad Altberger, Chief Executive Officer and Max Lewis, Chief Investment Officer.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Jonathan Jameson has joined as a Managing Director in the firm’s Private Funds Group. Mr. Jameson is based in New York and will expand and strengthen the Group’s coverage of general and limited partners in North America.

Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.

Jefferies Credit Partners, a leading private credit manager and the asset management arm of Jefferies Finance LLC, today announced the intention to launch a private placement of a business development company (“BDC”) to further enhance its lending capacity in the private credit space.

Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $11 million revolving line of credit for the acquisition of a pipe/valve/fittings distributor in Missouri. First Business Bank’s Asset-Based Lending team worked quickly and diligently to close the financing in 28 days.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Angel Li has joined the firm as a partner in its Tax practice. Li has more than 25 years of experience providing federal and state tax compliance and consulting services to companies of all sizes across the manufacturing, real estate, technology, and private equity industries.

Loeb is thrilled to announce the addition of two seasoned professionals, Carolyn McClure, and Matt DelGuidice, to its team. Both Carolyn and Matt have hit the ground running, making an immediate positive impact on Loeb's business, and contributing to the ongoing mission of supporting manufacturers and financial institutions throughout the equipment lifecycle.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Scott Sachs has joined the firm as a partner in its Assurance practice. Sachs has 20 years of audit experience serving private equity and public company clients with a focus on the manufacturing and distribution and consumer industries, as well as software and technology services.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as capital markets advisor to GSR II Meteora Acquisition Corp., a special purpose acquisition company, in the successful closing of its business combination with Bitcoin Depot.

BHI, a full-service commercial bank, announced that it has closed a $50 million capital call line of credit facility for Naftali Shaked Partners II LP (“NSP II”). The financing provides a one-year line of credit that the fund will deploy for ongoing acquisitions.

Howard-Sloan Search, Inc. (“Howard-Sloan”), a leading New York-based direct hire staffing firm operating for over sixty-five (65) years, developed a temporary staffing vertical.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $40 million to Elevate Services, Inc. ("Elevate"), a global law company providing software and services to law departments

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. (“Vital Plastics” or the “Company”), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners (“Wolverine Capital”).

Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Incline Equity Partners (“Incline”) in their acquisition of GME Supply Co. (“GME” or the “Company”), a leading omni-channel distributor of fall protection, safety, and productivity equipment.

ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communication services, today announced the completion of a $300 million debt financing that includes extending, and expanding its senior secured credit facilities, consisting of a five-year $170 million revolving line of credit and a six-year $130 million term loan.

UMB Financial Corporation (Nasdaq: UMBF) has announced the appointment of Phil Mason to the role of president, Institutional Banking. Brian Hutchin has been promoted to fill Mason’s prior role of director of UMB Healthcare Services.

Global investment firm, Carlyle (NASDAQ: CG), today announced it has closed a $175 million term loan to New Regency, a leading independent, founder-owned global entertainment company that creates and distributes film, television and documentary content across all platforms.

CIBC Innovation Banking is pleased to announce it has provided growth capital financing to ConnectCPA, an industry leading provider of cloud-based accounting and bookkeeping services. The financing will be used to propel ConnectCPA's product development and expand its market footprint.

BHI, a full-service commercial bank, announced that it has provided a $27,343,317 Senior Secured construction loan to 13th Floor Homes LLC to finance enhancements to and completion of Villas of Torino, a multi-family townhome community located in Port St. Lucie, Florida.