TSL Express Daily Articles & News

B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced the expansion of its Forensic Accounting & Litigation Support practice with the addition of Wayne Wilson, Mike De Laval, Paul Brooks and Meredith Alfred to B. Riley Advisory Services. Based in Houston, Texas, these experienced professionals specialize in expert witness testimony related to disputes including international arbitration, as well as forensic and valuation consulting services.

FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in its Transactions practice within the Corporate Finance & Restructuring segment with the appointment of Cedric Burgher as a Senior Managing Director, based in Houston.

Entrepreneur Growth Capital (“EGC” or “Entrepreneur”) is pleased to announce that it has provided a $750,000 asset-based line of credit to a New York-based full-service marketing agency. The client specializes in small business campaigns offering print, web and community marketing strategies.

Andrew Guzzo has been promoted to chief banking officer and president of Merchants Bank (Winona), according to Greg Evans, president and CEO. Guzzo will continue to have primary leadership responsibility for Merchants Bank’s Winona and Goodview locations, along with meaningful community engagement for the Winona area. Additionally, Guzzo will now also oversee the strategic direction of the Wealth Management division, Marketing and other key centralized business units.

Mizuho Americas today announced it has signed an agreement to acquire Capstone Partners, a leading independent, middle-market placement agent focused on fundraising and advisory services to private equity, credit, real assets, and infrastructure investment firms. Financial terms of the transaction are not disclosed. The deal is expected to close in the first half of 2022, subject to regulatory approvals.

Winston & Strawn represented Goldman Sachs & Co. LLC as the sole book-running manager in connection with FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) (the “Company”), a blank-check company, formed for the purpose of acquiring or merging with one or more businesses, in its initial public offering of 22,000,000 units at a price of $10.00 per unit for gross proceeds to the Company of $220,000,000.

Sallyport Canada welcome a flourishing food industry manufacturer to the portfolio with $250,000 in accounts receivable finance. The business is a prime example of the resilience of a small business owner whose belief and ability to pivot in a quick-changing market has resulted in a thriving company.

Mitsubishi UFJ Financial Group (MUFG) announced today that Jess Sodaski has joined the firm as Managing Director and Head of Investment Grade Credit Sales. Based in New York, Mr. Sodaski reports to John Karabelas, Head of Institutional Investor Sales in the Americas. He will be responsible for leading MUFG's Investment Grade (IG) sales strategy across the U.S., including leading the New York, San Francisco, and Chicago IG sales teams.

Duncan Enterprises (“Duncan” or the “Company”), a leading arts and crafts company, has been acquired by The Dyson-Kissner-Moran Corporation (“DKM”), a private investment company. FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to Duncan Enterprises. The business, which has been rebranded to “iLoveToCreate”, is located in Fresno, California. iLoveToCreate is the leader in do-it-yourself crafting for tie-dye, fabric paint, adhesives, and spray paint projects

Global law firm Norton Rose Fulbright today announced that 54 of its lawyers received promotions to partner in locations around the world and director in South Africa, effective January 1, 2022. The promotions span 11 global practice areas: litigation and disputes (18 lawyers); corporate, M&A and securities (10); banking and finance (9); intellectual property (4); employment and labor (3); tax (3); real estate (2); projects (2); antitrust and competition (1); bankruptcy, financial restructuring and insolvency (1); and information governance, privacy and cybersecurity (1). Twenty-three of the 54 promoted lawyers are women (43%).

Sterling Bancorp (NYSE: STL) (“Sterling”), today announced an investment in JAM FINTOP Blockchain, LP (the “fund”), a venture fund that will focus its investments on blockchain infrastructure providers that help regulated financial institutions compliantly adopt and operate blockchain enabled applications in their business. The fund is managed by JAM Special Opportunity Ventures, an affiliate of Jacobs Asset Management, LLC (JAM), and FINTOP Capital.

Golub Capital today announced record originations for both the fourth quarter of 2021 and the full year. The Firm closed over $15 billion in commitments during the fourth quarter and over $36 billion in commitments for all of 2021.

DeMaio, who will be based in Charlotte, North Carolina, will lead Truist's internal audit function and provide counsel to senior management on emerging risk trends from the vantage points of governance, processes, technologies and reporting.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Jeffrey Hughes has joined the Ares Credit Group to lead the firm’s new effort in sourcing and managing privately placed investment grade credit investments.

Fashion is one of the least-regulated industries. A first-of-its-kind bill introduced in New York state on Friday is fighting to hold the biggest brands accountable for their impacts on people and the planet. Sponsored by State Senator Alessandra Biaggi and Assemblywoman Anna R. Kelles, the Fashion Act, also known as Assembly Bill A8352, has powerful backing, including Environmental Advocates New York, the Natural Resources Defense Council, the New Standard Institute, the New York City Environmental Justice Alliance, designer Stella McCartney and supermodel-icon-turned-sustainability-champion Amber Valletta.

Wingspire Capital LLC (“Wingspire”) provided $50 million of a revolving line of credit facility to keg sales and rental company MicroStar Logistics (“MicroStar”) as part of larger agented transaction led by Ares Commercial Finance (“Ares”).

Energy Steel Products (“ESP”) is a master distributor of stainless steel bar, selling to a network of over 550 service centers nationwide to support varying just-in-time business models. ESP is majority owned by Lone Star New Markets and Lone Star Growth Capital.

HYPERAMS, LLC announces that Buffalo, NY based Blackbird Asset Services, LLC will be merging its operation with HYPERAMS effective immediately. Blackbird Managing Director David Fiegel will assume the role of Managing Director of Auction Services and manage all facets of HYPERAMS auction operations.

BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $60 million in financing for AvAir, a global leader in the aviation aftermarket that supplies components to a broad variety of commercial passenger and cargo aircraft operators.

Rise Line Business Credit, one of the most creative and reliable lenders to lower middle market companies, has named Morten Kucey as Senior Managing Director. Kucey will play a key role in expanding Rise Line’s relationships and product offerings across the industry to originate, structure, and underwrite new lending opportunities.