TSL Express Daily Articles & News

In addition, ENGS worked with the company and its customers to put in place a seamless receivables management process that will allow the company to better service its customers. Now the company can move forward confident that they will have adequate cash flow to pursue growth opportunities without the administrative burden and overhead expense that comes with implementing a back-office system.

EducationDynamics, LLC (“EducationDynamics” or the “Company”) has raised $80 million from WhiteHorse Capital Management, LLC (“WhiteHorse”). The Company raised capital to finance the acquisition of key assets of Thruline Marketing, Inc. (“Thruline Marketing”) from Oaktree Capital Management as well as to refinance its existing debt. In addition, the Company raised $12.5 million from Encina Business Credit, LLC (“Encina”) in the form of a revolving credit facility. EducationDynamics is a portfolio company of Prudential Private Capital (“Prudential”) and Muirlands Capital. FocalPoint Securities, LLC (“FocalPoint”) served as the exclusive investment bank to the Company.

Axiom Bank, N.A., a Maitland-based, leading community bank, recently named Edwin Rasinski as branch manager of its new flagship Winter Park branch. In this role, Rasinski will oversee branch operations to meet the financial and business needs of the Winter Park community.

Endeavour is pleased to announce the closing of a $50MM credit facility with CoVenture, a multi-strategy asset management firm. This facility will accelerate Endeavour's growth strategy for financing US Federal Government contractors. Headquartered in New York, CoVenture is an asset manager focused on investing across the capital stack of technology companies.

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $40 billion of equity capital under management, announced today that it has hired Andrew Liau to co-lead its infrastructure team alongside Ed Pallesen. Andrew will be based in London, with primary day-to-day responsibility for the infrastructure teams’ activity in Europe, while Ed will continue to be based in New York with primary focus on the Americas.

Stephen Coma will lead the firm’s High Yield Housing Origination group—the newest extension of its Debt Capital Markets division. Coma will oversee four new additions to HilltopSecurities’ High Yield Housing Origination group, including Managing Director Adriane Evans, Director Michelle Le, Assistant Vice President David Prieto, and Analyst Wei Fan. Coma, Le, Prieto, and Fan will serve clients from HilltopSecurities’ Charlotte, North Carolina, office and Evans will operate from Sarasota, Florida. The group reports to Mike Bartolotta, senior managing director and head of Dept Capital Markets.

Today, Hilco Global announced the recipients of its Hilco Scholars Scholarship Program to Little Village residents Sebastian Chaidez and Carla Prado. The Hilco Scholars program, now in its second year, began accepting submissions for its 2020 award cycle in July 2020. Each year, residents of the Little Village neighborhood in Chicago pursuing an associate degree program at one of the seven City Colleges of Chicago are eligible to apply for the award. The scholarship can be used for education-related expenses including tuition, fees, books, tools, equipment, and materials that are required for students to successfully complete their degree.

Gerber Finance, a leading finance partner for companies experiencing accelerated growth, today officially launched Naturally Gerber Finance, the company’s newly formed division focused on the natural products market. The division works with companies within the natural products space, from clean label, organic and non-GMO products, to sustainable design and packaging. Helming the division is Andrew Hollingsworth, former Gerber client and CFO at Numi Organic Tea, hired earlier this year. Hollingsworth helped establish the company’s west coast headquarters.

J D Factors announces, with great sadness, the loss of its President and Founder, Stephen P. Johnson, who died Thursday, September 3, 2020, after a long battle with prostate cancer. It is a true rarity to work with someone who is both simultaneously shrewd and kindhearted in his business dealings and life. Steve was unfaltering in both of these things.

The first laboratory-confirmed case of COVID-19 in the United States occurred on January 20, 2020, and was reported to the CDC on January 22, 2020. By April 1, 2020 the United States was averaging 27k cases per day and the rate increased to 41k cases per day by June 30, 2020, peaking at 75k cases on July 24th. From a geographic perspective, the five states with the largest number of reported cases were CA, FL, TX, GA, and NY. According to the 2019 SFNET Market Sizing and Impact Study, these same states represent 5 of the 10 largest states in terms of ABL commitments:

Ares Commercial Finance announced that it has provided a senior secured credit facility to support Atar Capital’s acquisition of WinCup. Headquartered in Georgia, WinCup employs nearly 1,000 people across eight manufacturing facilities that provide nationwide production and distribution of a comprehensive portfolio of traditional and biodegradable foodservice packaging products.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance Division provided $4.5 million in factor and ABL-based credit facilities to three aerospace businesses providing specialized services to US Defense agencies. The first is a veteran owned, service-disabled startup located in Washington State that provides intelligence, surveillance and reconnaissance services (ISR) to the global unmanned aircraft system (UAS) industry. It received a $1.5 million factoring facility to fund its working capital and payroll needs in support of its Federal Government contracts.

The Company is represented in this matter by Latham & Watkins LLP, Hunton Andrews Kurth LLP, Intrepid Partners LLC, Rothschild & Co US Inc. and AlixPartners, LLP.

Bryant Park Capital ("BPC"), a leading middle-market investment bank, announced today that Fast Cash Legal, LLC ("Fast Cash" or the "Company") recently closed on a $25 million senior debt transaction with a leading institutional investor to the specialty finance space. BPC served as the exclusive financial advisor to Fast Cash in connection with this transaction.

Fisher has a 35-year background of sales, credit and management experience in the equipment financing industry. Bob has held management positions with Bank of America, Main Street Bank and most recently at Ascentium Capital. Fisher has been active in numerous professional organizations, having previously served as UAEL President and the CLFP Foundation President.

- Former Carlyle Group Senior Advisor Christopher Yoshida appointed as CEO, Merchant Banking & Capital Markets Division - New division will originate and deploy financing across investment group

Hilco Merchant Resources announced today the appointment of Charles M. Jayson (Chuck) to Executive Vice President, Retail Business Development of Hilco Merchant Resources. Mr. Jayson will focus on working with leaders in the consumer sector, developing and structuring transactions with retailers and consumer product companies to maximize return on excess assets. He also will provide advisory services spanning product development, merchandising, supply chain, global distribution, and licensing programs to Hilco Global clients.

Franklin Capital has been working hard to partner with turnaround firms, banks, and other financial professionals, to help small and medium-sized businesses navigate this unfamiliar territory and become increasingly stronger. We recently successfully closed a deal for financing after partnering with a turnaround firm.

CapX Partners (CapX), a leading provider of middle-market equipment leasing and financing programs, has added Mike Wells as Director. His responsibilities include Midwest business development and relationship management.

In a move certain to alter the asset-based lending landscape, Great Lakes Business Credit has a new CEO with expansive plans for the lender. Business finance pioneer Rhett B. Rowe, whose record as the company's senior managing director attracted investment group interest, has now assumed overall responsibilities as the CEO of the firm. Founded in 2002, Great Lakes Business Credit has a long record of providing financing to companies seeking to regain financial stability and return to conventional financing.