TSL Express Daily Articles & News

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) and Investors Bancorp, Inc. (NASDAQ: ISBC) (“Investors”) announced today that they have entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $45 billion of equity capital under management, announced today the sale of its portfolio company, US Medical Supply (“US MED” or the “Company”), to Advanced Diabetes Supply (“ADS”), a portfolio company of Court Square Capital Partners Inc. Terms of the transaction were not disclosed. Houlihan Lokey served as financial advisor to US MED on the transaction.

GoodData, the leader in Data as a Service (DaaS) analytics infrastructure, today announced the closing of a $45 million credit facility from J.P. Morgan. Building on the company’s recent adoption momentum and the release of the GoodData Cloud Native platform (GoodData.CN), GoodData will use this new financing to grow its global sales and engineering teams while continuing to invest in building solutions for modern, enterprise-grade analytics.

BHI, a full-service commercial bank, announced that it has appointed Vicki Andreadis as general counsel. With a legal career that spans nearly twenty years, Andreadis has spent the past decade in senior legal positions with financial services firms.

M&T Bank Corporation (NYSE: MTB) ("M&T") and People's United Financial, Inc. (NASDAQ: PBCT) ("People's United") today issued an update on their pending merger to create a diversified, community-focused banking franchise. Last week, M&T issued Worker Adjustment and Retraining Notification (WARN) in two states, Connecticut and Vermont. The majority of the reductions would be effective in 2022.

TM Capital served as exclusive financial advisor to Big Blanket Co and Husch Blackwell represented the Company as legal counsel. Altacrest was represented by McGuireWoods and BakerTilly. Please contact Brien Davis, Tim Laczkowski, or Rick Sukkar to discuss this transaction or other investment opportunities.

FocalPoint Partners served as the exclusive financial advisor and Pillsbury Winthrop Shaw Pittman served as legal counsel to People’s Care.

SG Credit provided a cash flow term loan for an entrepreneur-owned specialty delivery service catering primarily to the medical industry.

LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, today announced the appointment of Keith Raymond as Managing Director, InBlock Sales. Mr. Raymond will lead the commercial expansion of LiquidX’s ground-breaking InBlock digital working capital platform. The cloud-based InBlock platform uses leading technology to automate and optimize working capital management, providing CFOs with the opportunity to reduce the cost of their accounts receivable and accounts payable, improve the cash conversion cycle, and reduce fraud risk.

Anvil Channel Energy Solutions today announced final close of a USD$65,000,000 senior secured loan facility to Certus Oil & Gas, Inc., supporting the acquisition of producing assets in central Alberta. This transaction marks the first cross-border transaction undertaken by the new Anvil Channel direct energy lending initiative.

Today, Soltage LLC, a leading independent renewable power producer, and Silicon Valley Bank, an innovative bank active in the renewable energy and technology sector, announced that it raised a $130M debt facility led by Silicon Valley Bank. The investment will finance a 110 MW national portfolio of projects across six states: North Carolina, South Carolina, Maine, Illinois, Virginia and Maryland.

WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced it received approval from the Office of the Comptroller of the Currency (OCC) to merge with Bryn Mawr Bank Corporation (NASDAQ: BMTC). Subject to the remaining regulatory approvals and the satisfaction of other conditions, the parties expect to close the merger in the fourth quarter of 2021. The projected system conversion and Bank rebranding is scheduled to occur in January 2022.

OceanFirst Bank N.A. (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the addition of two experienced commercial banking officers to lead the Bank’s ongoing expansion plans in the Boston and Baltimore markets. Daniel Griggs recently joined OceanFirst as President of the Boston Regional market and is responsible for building a commercial banking team who will deliver customized financial solutions to businesses throughout Massachusetts.

Monroe Capital LLC (“Monroe Capital” or “Sponsor”) today announced AdTheorent, Inc. (“AdTheorent”) and MCAP Acquisition Corporation (NASDAQ: MACQ) (“MCAP”), a publicly-traded special purpose acquisition company, have entered into a definitive business combination agreement in which AdTheorent will be merged with MCAP. MCAP is sponsored by an affiliate of Monroe Capital LLC. Upon closing of the transaction, the combined company will be named AdTheorent, Inc. and it is expected to remain listed on the NASDAQ Capital Markets.

Pemberton, a European private credit manager transforming traditional credit markets, has added a Managing Director to the firm’s Business Development team, Sanford ‘Sandy’ Ewing who joined on 5 July 2021 and brings more than two decades of experience in the field.

TradeCap Partners closed a $7MM purchase order finance facility for a beauty and wellness company based in Florida. The Company designs, manufactures and distributes skincare devices, accessories and topical products. The Company had experienced 100%+ year over year growth in 2020 with existing and new customer commitments for 2021 projected to double sales again.

Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups, today announced that it has hired Okeatta Brown as Head of Inclusion & Diversity (I&D) for the Americas. Ms. Brown, a nationally recognized leader in diversity, equity, inclusion (DEI), and engagement, will join MUFG to elevate and enhance the bank's I&D efforts in the region. She will be based in Charlotte, North Carolina, and report to Amy Ward, Chief Human Resources Officer for the Americas.

Peter B. Zlotnick, a Partner of Moritt Hock & Hamroff LLP, was recently appointed by the New York City Bar Association (NYCB) to serve on its Cooperative & Condominium Law Committee, effective August 1, 2021, for a three-year term. The NYCB's Cooperative and Condominium Law Committee addresses issues pertaining to cooperative and condominium housing law in a variety of areas.

LSQ, a leading provider of working capital solutions, announced the origination of a $5 million facility for a growing staffing agency in Alabama. The facility helped address several strategic business needs. The agency was able to leverage their current accounts receivable to complete a management buyout— generating sufficient capital to complete the transaction without incurring additional term debt.

In separate timed, online auctions scheduled for August 10, Tiger Group and Tranzon Asset Advisors are respectively offering foreclosed equipment and real estate from a major CBD processor’s 86,500-square-foot hemp processing facility in Cadiz, which is part of the Clarksville, Tenn. metropolitan area.