Marathon Asset Management, a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, a top performing commercial bank with $76 billion in assets, announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.The partnership combines each firm’s credit expertise, private equity sponsor relationships and standing in the
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nFusion Capital announced that award-winning sales executive Alexandra S. Scoggin has joined the company as a Senior Executive Vice President. For over 18 years, Scoggin has worked with entrepreneurs, management teams, and sponsors of small and middle-market businesses to understand their working capital needs and provide customized financing solutions that leverage their assets. She will operate out of nFusion’s New Jersey and Los Angeles offices.Scoggin has a reputation for being goal-oriented
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National Business Capital ("NBC") continues to grow and solidify its position in the non-bank specialty finance market, announcing Francois Bouville's hire as Director of Institutional Partnerships.Bouville brings nearly 30 years of industry experience to the team, including Senior Vice President positions held at Commercial Finance Group, Texton Financial Corporation, Capital TempFunds/Capital Business Credit, and Wells Fargo Capital Finance. Bouville co-created Goodman Capital Finance's ABL
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BlackRock has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing
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B. Riley Securities advised on the sale of The Santa Barbara Smokehouse ("SBS"), a leader in producing smoked salmon of the highest quality, to HKW's portfolio company, PANOS Brands, LLC (“PANOS”), a provider of branded consumer foods. Financial terms of the transaction were not disclosed. Robert Woolway, Senior Managing Director at B. Riley Securities, said “Our team worked very hard to find the best strategic buyer for SBS, and we were thrilled when HKW agreed SBS would be an outstanding
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HighVista Strategies, an alternative asset manager pursuing specialized investments in public and private markets, announced a further expansion of the firm’s leadership. Nick Boston (Compliance), Niels Peetz-Larsen (Public Markets), Adam Posner (Public Markets), Ben Radinsky (Private Credit), and Rich Vishton (Finance and Accounting) have been named Partners of the firm.“These promotions reflect the strong contributions and exceptional leadership our new Partners have demonstrated in shaping
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Wiggin and Dana announced that Miami-based restructuring partner Tamara Van Heel has joined the firm in South Florida, further expanding its platform in the state following the launch of a new Boca Raton office earlier this year.?? “As a Miami native, Tamara brings deep understanding of the local market along with sophisticated restructuring experience that provides a key boost to our South Florida expansion,” said Managing Partner?Tim Diemand.?“We’re committed to strategic growth that aligns
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BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, provided $95 million in construction financing to developers David Bistricer and Anshel Friedman to build a 226-unit multifamily rental building located at 2359 Bedford Ave in the Flatbush neighborhood of Brooklyn, New York. The financing will be split evenly between BHI and Bank Hapoalim.David Bistricer is a real estate professional who develops, owns and manages a diversified portfolio of properties across New York
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FirstBank elevated several leaders, including its new Chief Risk Officer (CRO) Jennifer Payne.Payne has been with the bank for 23 years, and has worked in various leadership roles across the company, including President of Compliance and, most recently, President of Loan Servicing before she was appointed CRO. As CRO, Payne will oversee FirstBank’s compliance, security, loan review, risk management, legal, and anti-money laundering departments."Jennifer's ascent to CRO is a testament to her
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UMB Capital Finance closed a $33,000,000 senior credit facility for a Colorado-based metal manufacturing business. This credit facility enabled the company to refinance its existing debt and to position itself for a major capital equipment project. UMB Capital Finance is a specialty lending division of UMB Bank, providing situational capital to businesses whose leverage profile exceeds the appetite of traditional commercial banking. Most often, UMB Capital Finance clients experience excess
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Ravinia Capital closed a $35 million debt transaction by CommonView Capital ("CommonView") and Sandton Capital Partners ("Sandton"), to provide Pain Specialists of America ("PSA"), a portfolio company of CommonView and a leading interventional pain management services provider based in Austin, Texas, with enhanced financial flexibility to support its ongoing growth initiatives and strategic objectives.Ravinia served as the exclusive financial advisor to CommonView in this transaction. The
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Stonebriar Commercial Finance (“Stonebriar”) closed a seven-year CAD$130MM (USD$95.1MM) term loan for a leading provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets. The loan, part of a leveraged buyout, is secured by all fixed assets of the company. This is the second transaction closed with the company’s sponsor in the last 12 months, totaling CAD$186MM (USD$136.0MM).Ryan Bohlert, the origination lead and Managing Director at
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Post Road Equipment Finance (“PREF”) provided a $25 million lease line to a leading designer and manufacturer of protective cases, portable lighting, and temperature-controlled packaging. This company serves a diverse range of industries, including consumer, government, and pharmaceutical sectors. This strategic investment will finance critical machinery and equipment, enabling the company to drive new product innovation, expand production capacity, and enhance margins through increased
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The Hedaya Capital Group provided a $2.5 million facility to a fast-growing company that develops plant and mineral-based personal care products. Founded in 2020, their flagship product is an all-body deodorant featuring a groundbreaking new microbiome-approved formula that eliminates odor everywhere. Based on the U.S. West Coast, the company began as a direct-to-consumer enterprise, selling online and through social media. As word quickly spread about their brand and customer loyalty deepened
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Cohn & Dussi announced the addition of two new associate attorneys to their team, based in the Boston office. The firm specializes in Creditor's Rights, Workouts and Bankruptcy, Equipment Leasing & Finance, Corporate & Financial Services, Commercial Litigation and Real Estate Law.Harris Cohn has joined the firm as an Associate. Prior to joining Cohn & Dussi, Attorney Cohn worked as an associate at an insurance defense firm.He received his bachelor's degree from University of Massachusetts
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