TSL Express Daily Articles & News

Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Adam Waldman has joined the firm as Managing Director, Investment Banking.

Citizens announced today that its national Citizens Business Conditions Index™ (CBCI) rose to 53.9 in the first quarter, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. The Index had dipped below 50 during the fourth quarter of last year and the bounce-back during the first quarter signaled a return to positive business conditions.

Ninepoint Partners LP, the manager (the “Manager” or “Ninepoint”) of Ninepoint-TEC Private Credit Fund II (“Ninepoint-TEC” or the “Fund”), announced today that it has secured a revolving credit facility from BMO Bank of Montreal (“BMO”) in the amount of $100 million, with $50 million committed and an additional $50 million accordion,

Morgan Stanley & Co. LLC acted as sole structuring agent to the Company. Latham & Watkins LLP served as legal counsel to Seres. Sullivan & Cromwell LLP served as legal counsel to Oaktree.

B. Riley Financial, Inc. (Nasdaq: RILY), a diversified business advisory and financial services platform, today announced that B. Riley Advisory Services has been recognized as the top firm in several categories of The National Law Journal's Best of 2023 survey based on votes from clients and law firm professionals nationwide.

Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit, today announced that Evan Carruthers, Chief Investment Officer, has been appointed the additional role of Co-Chief Executive Officer alongside Rory O'Neill, who has assumed the title of Executive Chair and Co-Chief Executive Officer.

Flatbay Capital’s latest funding is a $2.5 million Owner-Occupied CRE Bridge Loan for a headquarters in Austin, Texas.

SLR Equipment Finance is pleased to announce Jenifer Friel has joined our company as Director of Documentation. In her role, Jenifer will help grow SLR Equipment Finance’s documentation team and operational activity. Jenifer was most recently with DLL and brings many years of expertise in managing the documentation process from final credit approval to ultimate funding of contracts with customers.

SG Credit Partners, through its SG Consumer Products division, is excited to announce its partnership with Patrick Ta Beauty, one of the fastest growing brands of next-generation cosmetics in North America. This announcement comes on the heels of the company welcoming industry veteran Kimberly Villatoro as its new CEO in March 2023.

Further solidifying its Band 1 ranking and dominant market share in collateralized loan obligations, Paul Hastings LLP announced today that preeminent lawyer Nicholas (Nick) Robinson leads a group who has joined the firm. Robinson joins as a partner alongside fellow partner Tracy Feng and a team of associates, all based in New York.

SouthState Bank has announced leadership changes featuring several of its key bankers moving into new positions as veteran bankers retire.

William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today the addition of two senior hires in the firm’s equities group. Paul Ordinario joins as managing director, south regional sales manager, and Chris Stella will serve as managing director in equity institutional sales out of New York.

Mr. Kapadia has 20+ years of international merger and acquisition (M&A), strategy, diligence and operations experience spanning the healthcare and life science industry and builds on A&M’s commitment to drive value across the investment lifecycle.

The private capital market is alive and well, according to a new report from Proskauer. The leading international law firm today released the findings of its annual Private Credit Survey which asked more than 150 executives at private credit firms across the globe for their thoughts on the state of the direct lending market in 2023. Proskauer asked respondents to share their expectations for the year, including factors driving deal flow and challenges for dealmakers, and examined data and insight around the broader market.

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 on a $185 million senior secured credit facility (the “Financing”) for Firebirds Wood Fired Grill (“Firebirds”, or the “Company”), a Charlotte-based restaurant chain operator.

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 Sole Lender for senior secured credit facilities to support the leveraged buyout of RBW Logistics by LongueVue Capital.

Gibraltar Business Capital is proud to announce that Jim Marasco, a widely respected senior executive leader who served on GBC’s Board of Directors, is joining the GBC leadership team as Head of Originations.

The company this week announced that it has secured a scalable facility underwritten by mandated lead arranger ING Bank, as well as ABN Amro, Crédit Agricole CIB, The Bank of Nova Scotia, National Westminster Bank Plc, Banco Santander, and UniCredit Bank AG. The package consists of €525 million ($579m) in committed debt financing and a further €200 million ($221m) uncommitted accordion. The financing also includes sustainability-linked targets focused on efficiency and renewable energy usage.

First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), announced today that W. Todd Ross has been hired as Market President for the Roanoke Valley Region. Todd will be responsible for all lines of business banking, and business development, while partnering with other core functions such as retail, treasury, and mortgage banking.

Briar Capital Real Estate Fund (www.BriarCapital.com) announced it has provided a $4.35 million real estate term loan to a contract manufacturer in North Carolina providing utility enclosures/shelters and metal finishings for the automotive and HVAC industries to customers across North America.