TSL Express Daily Articles & News

This strategic hire will expand CohnReznick’s geographic footprint in the Southeast

The law firm of Moritt Hock & Hamroff LLP is pleased to announce that the following attorneys have been selected for inclusion in the 2022 Editions of Best Lawyers® and Best Lawyers®: Ones To Watch.

Haivision Systems Inc. ("Haivision") (TSX: HAI), a leading global provider of mission-critical, real-time video streaming and networking solutions, today announced that the company has entered into a three-year credit agreement providing for a new revolving line credit facility in the maximum principal amount of $35 million with Bank of Montreal.

Henry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care products and services to office-based dental and medical practitioners, today announced that it has amended its revolving credit facility, including an increase in the maximum borrowing amount from $750 million to $1 billion, and an extension of the facility through August 2026.

GovCon Funding Corporation announced that it has completed financing on an $18MM credit facility for a global defense contractor.

Truist Bank is combining its Banking Operations and Corporate & Institutional Group (CIG) Operations and launching a global services capability to create a new center of excellence (CoE) – Enterprise Operations and Global Services – under the Digital, Client Experience, Analytics and Marketing (DCAM) organization that is led by Dontá Wilson, chief digital and client experience officer.

Prestige Capital recently provided $5,000,000 to a fashion and jewelry importer and distributor that shifted to sell PPE and Medical Equipment during the pandemic.

J D Factors provided a $150,000 factoring facility to a transportation company in New Jersey.

Advisory Group Equity Services, LTD. ("AGES", www.agesbrokerage.com), a full-service broker dealer and member FINRA/SIPC/MSRB, has launched Trust Capital Markets ("TCM", www.trustcm.com), a growth stage and middle-market focused investment banking division providing financial advisory, capital placement, mergers and acquisitions, and restructuring services to businesses generating up to $500M in revenues. Trust Capital Markets is led by Jeffery Morfit, appointed as the Head of Investment Banking, to execute AGES's vision of growth and performance in investment banking.

MDVIP, the national leader in personalized membership-based healthcare, today announced that the Private Equity business within Goldman Sachs Asset Management ("Goldman Sachs") and Charlesbank Capital Partners ("Charlesbank") have entered into a definitive agreement to acquire majority ownership of MDVIP from Leonard Green & Partners ("LGP") and Summit Partners.

Fifth Third Private Bank, a division of Fifth Third Bank, N.A., has announced the creation of the Business Transition Advisory team, dedicated to preparing business owners financially and personally for a business transition or liquidity event. Leading the team is Frieda Rakhman, who joined the Bank in January bringing more than two decades of financial experience to the role.

Quinn Residences ("Quinn" or the "Company") today announced the closing of a new credit facility with Goldman Sachs Bank USA (the "Facility"), which provides the Company with debt capital to facilitate its continued growth.

The remnants of Greensill Capital, the UK financing company that collapsed earlier this year, filed for bankruptcy in the US, aiming to halt litigation filed by one of its biggest clients, a coal-mining company owned by the governor of West Virginia.

Mars Growth Capital, a fund division of the Fintech company Liquidity Capital and MUFG Fund, has announced the closing of a $5.5M financing agreement with the Australian-based sports performance tech company Fusion Sport to drive their international expansion.

Pathlight Capital announced today that it is serving as Agent to the recently closed, $50 Million Senior Secured Delayed-Draw Term Loan Facility ("DDTL") for My Alarm Center, LLC ("My Alarm Center" or "the Company"), a national provider of technologically advanced security and smart home automation solutions for residential and small business customers.

Motivated bidders drove robust results in an online auction of foreclosed assets from a major CBD processor’s facility in Cadiz, Kentucky. Tiger Group sold the processing, lab and material-handling equipment assets, while Tranzon Asset Advisors liquidated the real estate.

L Squared Capital Partners (“L Squared”) is pleased to announce the acquisition of Miamisburg, Ohio based Crane 1 (“Crane 1” or the “Company”), one of the largest providers of overhead Crane MRO services and equipment in the United States from Pfingsten. The investment represents L Squared’s second platform investment in Fund III, a $505 million private equity fund that closed in September 2020. Crane 1 is a proven M&A platform operating in the highly fragmented $3 billion market for overhead crane MRO services and equipment, having completed six acquisitions in the last five years.

Arbor Renewable Gas, LLC (“Arbor Gas”) announced today its underlying capital commitment from EnCap Investments L.P. (“EnCap”), a leading provider of equity capital to the independent sector of the U.S. energy industry, and from Mercuria Energy Company, LLC (“Mercuria”), a leading global energy and commodity trading organization.

Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced that effective December 31, 2021,Tom Dean will transition from Co-Managing Partner and Co-Chief Executive Officer to Chairman of the Firm. David Burgstahler, who co-founded Avista with Tom Dean in 2005, and has been serving alongside him as Co-Managing Partner and Co-Chief Executive Officer, will serve as the Firm's sole Managing Partner and Chief Executive Officer also effective December 31, 2021. These changes will ensure continuity while setting the stage for significant growth moving forward.

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $45 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Pegasus Home Fashions, Inc. (“Pegasus” or the “Company”).