TSL Express Daily Articles & News

SLR Credit Solutions welcomes Tanner Phifer, Michael Stavrakos and Carter Buff. George Vartanov, Jack Murphy and Meghan McDermott were promoted.

RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, today announced the integration of United States Government Contract Award data into its platform. This new intelligence provides visibility into Federal Government Contracts and the companies awarded those contracts.

Ryan Gross, a Director at Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and respected middle-market corporate restructuring and operations improvement firms, received the 2022 NextGen Award by the Turnaround Management Association- Detroit Chapter at their inaugural Awards Ceremony today.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that portfolio company, Legacy Service Partners (“Legacy”), has recently completed an investment in two home services companies: John Henry’s Plumbing, Heating & Air and Buehler Air Conditioning.

Mitsubishi Corporation (MC) is pleased to announce the launch of Marunouchi Climate Tech Growth Fund L.P. (the Fund), which is managed by Marunouchi Innovation Partners Co., Ltd. (MIP), a company jointly established by MC, MUFG Bank Ltd. (MUBK) and Pavilion Private Equity Co., Ltd. (PPE). The Fund will invest primarily in companies dedicated to decarbonization through the development of climate tech.

Kian Capital Partners (“Kian”), a lower-middle-market focused private investment firm, is pleased to announce the closing of the firm’s latest fund, Kian Growth Partners III, L.P. (“KGP III” or “the Fund”), which was oversubscribed at $400 million.

With more than 20 years of sponsor finance and commercial lending experience, Dan Delgadillo joins Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, to lead the bank’s new Sponsor Finance Group.

RA Capital Funding, LLC, a factor and asset-based lender, is pleased to announce that Gregg Rubin has joined the company as president-chief credit officer. Mr Rubin's responsibilities will include overseeing all operations, credit, marketing, business development and accounting functions.

Gordon Brothers, the global advisory and investment firm, in a joint venture with Nations Capital Inc., an asset management and advisory firm, has completed the purchase of substantially all the assets of H2 Brands Group, a leading national consumer products company with annual sales in excess of $250 million and a portfolio of nationally recognized brands, including Comfort Zone®, Shur-Line®, Helping Hand® and Bulldog® Hardware.

Commercial Funding Inc., a national provider of accounts receivable financing, including invoice factoring, and asset based lending, has closed a $1 million factoring facility for an engineering and project management company that services the oil and gas industry.

Morgan Stanley & Co. LLC acted as sole structuring agent to FibroGen on this transaction and Goodwin Procter LLP acted as counsel to FibroGen. Gibson, Dunn & Crutcher LLP acted as counsel to the investor.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the acquisition of Workplace Modular Systems LLC by Accelevation LLC, an LFM Capital portfolio company.

Moritt Hock & Hamroff announced today the opening of a new office in the Fort Lauderdale, Florida metro area serving the Southeast Florida market. The office will be supported by four attorneys from the Florida-based law firm of Ritter & Chusid including one of its founders, Gregory J. Ritter who will be a partner. Joining with Greg are Gary Rosner as partner, Evan Rosenberg as counsel, and Olivia Retenauer as an associate

-Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and Sole Lender on a $153 million senior secured credit facility (the “Financing”) for Oak Dental Partners (“Oak Dental”, or the “Company”), an Atlanta-based dental service organization (DSO).

When Revlon filed for Chapter 11 bankruptcy protection in the US last June, the news sent shock waves through the global beauty industry. The 91-year old multinational was struggling with over US$3 billion in debt and major supply chain issues.

PlainsCapital Bank recently announced the promotions of three seasoned bankers in the Lubbock market. Commercial Lending Manager Seth Schulz and Consumer and Agriculture Lending Manager Matthew Wade have been promoted to executive vice president, while Senior Vice President Mark Rosenberg has been promoted to real estate lending manager.

Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently added Jacob Hamilton to the team. Jacob will serve as Business Development Officer covering territory in the Midwest. Before joining Access Capital, Jacob began his career providing working capital solutions to staffing firms of all sizes and forging connections with staffing industry experts and advisors at Advance Partners.

Assembled Brands, the leader in financing today’s top consumer brands in the U.S., is pleased to announce the appointment of Dave Warga as its new director of Underwriting. Dave brings extensive experience and expertise to the company and will play a crucial role in driving the business forward.

The client was introduced to Sallyport directly by a broker pre-pandemic and we’ve nurtured a relationship with them since then. Experiencing the age-old challenge for staffing businesses; payroll to be made weekly but debtors only paying in 30 - 60 days, the funding will allow the business to pay wages without causing a cash crunch.

DeCurtis Corporation (“DeCurtis” or the Company”), the leading provider of location and proximity enabled solutions in complex environments, has entered into an agreement with Invictus Global Management, its largest prepetition secured lender, on a sale transaction that will strengthen its financial position, obtain debtor-in-possession financing, address outstanding intellectual property-related claims, and best align the Company for future growth.