TSL Express Daily Articles & News

Winston & Strawn represented PreventionGenetics, a CLIA-certified and CAP-accredited clinical DNA testing laboratory providing more than 5,000 predefined genetic tests for nearly all clinically relevant genes, additional custom panels, and comprehensive germline whole exome and whole genome sequencing tests, in its sale to Exact Sciences Corp. (NASDAQ: EXAS), a leading provider of cancer screening and diagnostic tests.

Ovation Holdings, owners of Allied Valve, Automation Service and Valve Sales Inc., has expanded its array of “brands you know and service you can trust” with the acquisitions of Power Specialties, Inc., PROMAC, Inc., and JMI Instrument Company. The three companies will be merged to form Allied Instrumentation, which will cover seven states in the Midwest, generate over $50 million, and will be led by CEO Barry Shoulders. With these additions, Ovation Holdings now has 15 locations, revenues of $150 million and employs more than 350 people.

Agility Capital, an innovative lending company, announces the recent financing of Gento, a rapidly growing, Los Angeles based provider of Home Healthcare Services. Agility partnered with Top Mark Capital Partners in this financing.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that after several years in industry John Macrae has rejoined the firm as Managing Director as the firm continues to expand the talent and resources of its Restructuring and Dispute Resolution practice.

Tiger Group is selling over 55 million pieces of brand-new hemp CBD wellness products, packaging and related accessories in a major liquidation event. Worth a total of approximately $15 million at cost, the inventory is available for immediate purchase at SoldTiger.com.

CIT, a division of First Citizens Bank, today announced that the Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm. The 10 items of heavy equipment financed by CIT include articulated dump trucks, excavators and wheel loaders.

Republic Capital Access, LLC, a DoD Trusted Capital Marketplace Provider, and AWS Marketplace are collaborating to provide financing for government contractors procuring third-party software through AWS Marketplace.

LiquidX, the global technology solutions provider for working capital, trade finance, and trade credit insurance, has expanded its technology offering to include reporting capabilities for securitization facilities. LiquidX sourced and facilitated a USD $125 million accounts receivable (A/R) finance program for a USD $20 billion company in the Technology Media and Telecom (TMT) sector.

Pennington Partners, a multi-family investment office that specializes in working with entrepreneurs, family offices, and their families, has announced the appointment of Graham Bachman as Managing Director. Bachman will play a key role in expanding the firm's partnerships with family offices and Registered Investment Advisors.

Benefit Street Partners L.L.C. ("BSP") today announced record originations for both the fourth quarter and full-year 2021. BSP originated a record $2.8 billion of commitments across 41 issuers in the fourth quarter of 2021, resulting in record annual originations of $7.7 billion across 128 issuers for the year. BSP now manages over $36 billion in assets across private debt, special situations, CLOs, liquid loans, and commercial real estate strategies as of November 30, 2021.

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager, with approximately $2.5 billion in assets under management, focused exclusively on investing in established, private small and medium-sized North American businesses (lower middle-market), is pleased to announce that Tom Tull has joined as a Senior Advisor.

Vancouver, British Columbia--(Newsfile Corp. - January 18, 2022) - MediaValet Inc. (TSX: MVP) (the Company), a leading provider of enterprise digital asset management and creative operations software, is pleased to announce it has entered into a new credit facility pursuant to the terms of a credit agreement entered into between the Company and TD Bank Group that provides for a $7 million senior secured revolving operating line (the "Credit Facility").

Goldberg Kohn Ltd. announced today that it has named David Chizewer as chair of its litigation practice group. Chizewer succeeds Ken Ulrich, who completed his highly productive six-year term as the practice leader. Chizewer takes the helm of one of the nation's most impactful litigation practices.

SLR Business Credit Announced it provided a $5 million accounts receivable credit facility for 365 Personnel, LLC. The funds were used to provide additional working capital for the company. Headquartered in Kansas, 365 Personnel, LLC provides industrial and warehouse staffing, venue/event support, and general labor for various settings such as construction and maintenance work.

J D Factors announced the following factoring facilities: $150,000 to a transportation company in Alberta; $350,000 to a transportation company in Michigan; $75,000 to a transportation company in Florida and $100,000 to a transportation company in Ontario.

Live onsite/webcast auction on Jan. 26 features equipment used to manufacture high-quality, custom pressure vessels and towers; the company’s IP and other assets that are of interest to buyers in the oil and gas, chemical and petrochemical industries are also on offer; online-only real estate auction is Jan. 25.

Based in McLean, Virginia, Parabilis, LLC (“Parabilis” or the “Company”), an established asset-based lender serving small- to mid-sized government contractors, has closed on a new senior revolving credit facility (the “Facility”) with Congressional Bank (“Congressional”).

Wingspire Capital LLC (“Wingspire”) is excited to announce the expansion of its product mix with the creation of a dedicated Equipment Finance division that will offer a full suite of flexible capital solutions delivered with Wingspire’s trademark level of creativity, flexibility, responsiveness and professionalism.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Chris Hastings has joined the firm as a Managing Director in the Capital Markets Group. Mr. Hastings will join Sean Fitzgerald in New York to provide equity solutions, including growth capital, structured equity, and PIPEs, to the firm’s corporate and financial-sponsor-backed clients.

Wells Fargo & Co named Derek Flowers as its new chief risk officer, leading all aspects of the lender's risk management systems, the bank said in a statement on Tuesday. Flowers replaces Mandy Norton, who served as the bank's chief risk officer since 2018 and is planning to retire in June.