TSL Express Daily Articles & News

Lannett Company, Inc. (OTCMKTS: LCIN) (the "Company" or "Lannett") today announced that it and certain of its subsidiaries have commenced prepackaged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has signed a definitive agreement to acquire a majority interest in Deerpath Capital Management, LP and its associated affiliates. Deerpath Capital is a U.S. private credit and direct lending manager focused primarily on financing private equity sponsor-backed companies in the lower middle market.

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a New York-based commercial bakery, providing private-label baked goods to retail and institutional users. The proceeds were used to fund growth and ongoing operations.

Ten Sprouts Farmers Market locations in five states are available for sublease by grocers and other large-format retailers, announced A&G Real Estate Partners, which is marketing the locations on behalf of Phoenix-based Sprouts.

Gibraltar proudly welcomes Zach Dollarhide as the newest member of our strategic business development team as VP and business development officer for our Northeast Region.

BayWa r.e. has secured a $115-million credit facility with global financial services firm Nomura to support the development of utility-scale solar and solar+storage projects as it continues to grow its footprint in the U.S. clean energy market.

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.

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.