TSL Express Daily Articles & News

CIT, a division of First Citizens Bank, today announced that its Asset-Based Lending business provided $10 million in financing to Blue Sky Specialty Pharmacy. Based in Charleston, South Carolina, Blue Sky Specialty Pharmacy uses technology to accelerate the prescription process for patients, physicians, payers and pharmaceutical manufacturers by meeting their unique needs and providing transparent access to necessary medications.

Bank of the West, part of BNP Paribas Group, today announced that it led the financing for the acquisition of A to Z Wineworks by Ste. Michelle Wine Estates, owned by private equity firm Sycamore Partners. BNP Paribas acted as the exclusive financial advisor to A to Z Wineworks and worked closely with Bank of the West on the deal.

FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Corporate Finance & Restructuring segment in Japan with the appointment of transactions expert Kenneth Smith as a Senior Managing Director in Tokyo. The addition of the Corporate Finance & Restructuring segment in Japan bolsters the firm’s existing capabilities in Strategic Communications and Technology.

Maguire will continue to serve as a member of Truist's executive leadership team reporting to Chairman and Chief Executive Officer Bill Rogers and will oversee accounting, tax, treasury, financial planning and analysis, investor relations and other responsibilities from the bank's Charlotte, North Carolina, headquarters.

Global real estate investment bank Eastdil Secured, L.L.C., and national advisory firm A&G Real Estate Partners have been engaged as exclusive advisors to market The Williamsburg Hotel, a 147-room luxury lifestyle hotel in the heart of Brooklyn’s thriving Williamsburg neighborhood.

CIT Commercial Services, a subsidiary of First Citizens Bank, has welcomed Mike Earnhart as senior vice president and regional sales manager, based in Los Angeles. Earnhart is responsible for leading a team of sales executives in overseeing and growing new business while introducing new products for commercial services in the Western region.

GTCR, a leading private equity firm, announced today that Don McDonough has joined the firm as Managing Director, Business Development. In this role, he will lead business development efforts for the firm's Strategic Growth Fund and work with members of the GTCR investment teams to identify and develop investment opportunities for the fund.

Eclipse Business Capital LLC (“EBC”) announced today that it has provided a $10 million senior secured revolving credit facility in the automotive marketing industry. The credit facility is secured by accounts receivable and will be used to refinance an existing facility and to support ongoing working capital.

Hilco Streambank recently hired a team of experts from West Four IP, led by Karl Maersch, who now heads the Patents & Technology team. Also joining Hilco Streambank from West Four IP is Terry O’Toole, who is now VP of Technology.

Siena Lending Group LLC ("Siena") announces the completion of a $50 million asset-based revolving line of credit for Inseego Corp. (Nasdaq: INSG). The facility was provided to ensure that the company is well-positioned to capitalize on expected growth in the 5G landscape as the technology continues to accelerate toward commercial mass-adoption.

Mitsubishi UFJ Financial Group (MUFG) announced today the expansion of its newly formed Direct Lending business with the hiring of Claude Mattessich and Will McCarthy. Both Mr. Mattessich and Mr. McCarthy have joined the bank as Managing Directors and Senior Originators.

TRACON Pharmaceuticals, Inc. (Nasdaq: TCON), a clinical stage biopharmaceutical company utilizing a cost-efficient, CRO-independent product development platform to advance its pipeline of novel targeted cancer therapeutics and to partner with other life science companies, today announced entry into a $35 million non-dilutive long-term debt facility with Runway Growth Capital LLC

Western Alliance Bank, one of the country's top-performing banking companies, today announced the promotions of several senior executives and the formation of a new Executive Leadership Team as part of the bank’s continuing commitment to align its management structure to support its industry-leading growth.

Clayton, Dubilier & Rice announced the appointment of David Winokur, an experienced financial services investor, as a Partner at the firm. In his new role, Mr. Winokur will build the newly created financial services vertical and be engaged in sourcing and evaluating investments across the Insurance, Wealth & Retirement Services, Banking & Credit, and Fintech sectors.

iCapital1, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Ares Wealth Management Solutions (“AWMS”) announced today an expansion of their partnership to provide financial advisors and registered independent advisors with greater access to a broadened menu of alternative investment solutions and a comprehensive set of tools to support the development of client portfolios.

Solifi™, a global fintech software partner for secured finance, announced Kawasaki Motors Finance Corporation (KMFC) – the captive finance arm of Kawasaki Motors Corp. U.S.A., an established global distributor of powersports vehicles – migrated its entire U.S. operations to the Solifi Wholesale Finance software-as-a-service (SaaS) platform in December 2021.

Crystalfi, a Miami-based financial service company announced today its new Family Brand Structure which includes American Auto Bankers, MAKO Equipment Finance and CrystalFi Commercial Credit.

Context Business Lending, LLC (“CBL”) a leading family office-backed national asset-based lender, announced today that it has changed its name to Edge Capital Lending, LLC (“Edge” or “Edge Capital”) to better reflect its identity and its future.

PPL Group, Capital Recovery Group (CRG), Workingman Capital are jointly conducting a two-day auction of a complete Pulp Mill in British Columbia. Sale features nearly 1000 lots of late model equipment of a Bleached Chemical Thermo-Mechanical Pulp Mill including debarking and chipping lines, TMP Refiners, Material Handling Equipment and over $5MM of spare parts, supplies and stores inventory.

BizCap®, a national commercial finance and advisory firm, today announced it has expanded its team with the hiring of Andrew Tinger as vice president of originations. In this role, Mr. Tinger will be responsible for expanding BizCap’s presence in the commercial credit market, with a strategic focus on extending its debt advisory practice to the private equity community.