TSL Express Daily Articles & News

Through its new 14th regional office, CIBC Innovation Banking will help support the growth ambitions of the hundreds of start ups and innovation companies emerging in the Research Triangle area by delivering its expertise in growth capital, advisory, and cash management. Alan Spurgin, currently Managing Director & Co-Head, US Technology Banking at CIBC Innovation Banking, will lead the group’s expansion into North Carolina.

Gordon Brothers, the global advisory, restructuring and investment firm, has provided Scott’s Refrigerated Logistics, a portfolio investment of Anchorage Capital Partners, with a A$70 million asset-based lending facility. The facility will provide Australia’s largest fully integrated cold-chain logistics provider with additional working capital for Anchorage Capital Partners’ operational improvement plan to support growth.

Veteran real estate investment professional John Carl, III has joined BH Properties as Senior Managing Director to head the firm’s value-add acquisitions platform out of its Dallas office, announced President James Brooks.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility, comprising an asset-based revolving line of credit to Beach House Group.

“GemCap prides itself on continuing to fund small business growth during up and down turns in our economy,” continues David Ellis, co-president. “Historically, summer represents a lull in lending; however, this year, the summer remained very robust.” The following are indicative transactions funded by GemCap over the summer: Aerospace Industries: $1.5 million revolver secured by inventory and receivables; Food & Beverage Industries: $4.0 million revolver secured by inventory and receivables...

iCapital1 the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and UBS (NYSE: UBS) today announced they entered into a definitive agreement whereby iCapital will acquire UBS Fund Advisor LLC, UBS’s legacy proprietary US alternative investment manager and the feeder fund platform it manages.

Travelers Financial Group is one of the leaders in a wide spectrum of consumer and commercial financing related businesses in Canada and United States, today announced that Ashwin Pamidi has been named as Chief Financial Officer and Head of Corporate Strategy.

Stifel Financial Corp. (NYSE: SF) today announced that Daybreak Financial Group has joined the firm’s broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, in New York City. Consisting of financial advisors Raymond and Dominick Minicucci, the team comes to Stifel from UBS, where they were responsible for $407 million in client assets. The two brothers have 66 years of combined investment industry experience.

Associated Bank today announced new hires to its asset-based lending team. The asset-based lending team, under the leadership of Ray Temple who joined Associated Bank in September 2021, welcomes Keith Contole, John Todd, Jim Vargo and Mike Williams, who bring over 100 years of industry experience.

Ares Private Markets Fund (“APMF” or the “Fund”) announced today that it has appointed Barry Miller as Chief Executive Officer, effective August 11, 2022. Mr. Miller is currently a Partner in the Ares Secondary Solutions Group, where he focuses on private equity secondaries. Mr. Miller has 24 years of experience across private equity and secondary investing.

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Neal Holland has been named Executive Vice President and Chief Financial Officer, and Olga Tsokova has been named Deputy Chief Financial Officer, effective November 2, 2022. Tsokova will also continue to serve as Executive Vice President and Chief Accounting Officer, in addition to her new responsibilities as Deputy CFO.

First Business Specialty Finance, LLC., a subsidiary of First Business Bank, is pleased to welcome several new team members to its Accounts Receivable Financing group. The team continues to grow with the success of its business model of serving clients quickly, reliably, offering competitive rates.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $25.0 million senior secured revolving credit facility with NWI Nashville, LLC (“NWI”), a manufacturer and designer of airplane wings, wing components, and other structural parts and assemblies for the aerospace industry.

Under the terms of a case filed under chapter 11 of the U.S. Bankruptcy Code, the debtor remains in possession of the property, has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money. A plan of reorganization is proposed, creditors whose rights are affected may vote on the plan, and the plan may be confirmed by the court if it gets the required votes and satisfies legal requirements.

Tradewind Finance has provided a $1 million facility for a US-based importer that sources crab products from Tunisia. By selling items like frozen ready-to-cook blue crab and gourmet canned crab meat to large seafood establishments in the United States, the company serves as a link connecting the shores of Africa to American palates.

Second Avenue Capital Partners, LLC (SACP) announced the closing of a $17,500,000 senior secured credit facility for Alex and Ani, LLC, creators of the iconic charm bracelet and affordable meaning-based jewelry. The new credit facility will support ongoing working capital needs and allow the company to further develop business operations following a corporate restructuring.

Winston & Strawn represented Founder SPAC (Nasdaq: FOUN), a publicly traded special purpose acquisition company, in the closing of its previously announced merger with Rubicon Technologies, LLC (“Rubicon”), a certified B-Corporation and innovative software platform that provides smart waste and recycling solutions for businesses and governments worldwide.

In this episode, Host Barry Bobrow sits down with Maria Dikeos, Global Head of Loans Contributions at Refinitiv, an LSEG business, to discuss the leveraged debt & asset-based markets.

Mesa West Capital has provided Sares Regis Group with $139.88 million in first mortgage debt for its acquisition and repositioning of a 386-unit multifamily property in Broomfield, CO. The five-year, floating rate loan is secured by Terracina Apartments located at 13620 Via Varra Road in the Denver metro area.

With the financing from Gateway, the Company now has the additional funding they need that complements its other financing options. They expect to be in an excellent position to grow their business.