JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, announced a series of transactions raising $72 million in gross proceeds. The raise will accelerate JPC's growth trajectory and fund new loans to JPC borrower clients.The capital raise consists of a strategic combination of financing including a senior revolving credit facility provided by Texas Capital Bank, a mezzanine credit facility from a New York-based
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October 18, 2024 @ 08:12 AM
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Jeffrey Tyo has joined Gordon Brothers as Managing Director, Commercial & Industrial. In this role, Tyo will expand Gordon Brothers’ presence on the West Coast by developing and strengthening the firm’s relationships with corporate clients, lenders, private equity firms, investment bankers and restructuring advisors focused on the consumer packaged goods industry. Tyo will leverage the firm’s deep asset expertise to offer clients customized solutions that maximize value for all stakeholders.
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October 18, 2024 @ 08:10 AM
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Reynolds Consumer Products, a provider of household products, announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo. Wells Fargo acted as lead left arranger and syndication agent for the revolving credit facility.The parties replaced an undrawn $250 million senior secured revolving credit facility maturing in February 2026 with an undrawn $700 million senior secured revolving credit facility maturing in
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October 18, 2024 @ 08:10 AM
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Portage Point Partners added Ryan Senter as a Managing Director in the Performance Improvement practice. With a career spanning more than 25 years, Senter has focused on advising organizations on performance improvement, mergers and acquisitions and overall business transformation. His extensive expertise in successfully implementing complex strategies in the middle market crosses a broad spectrum of industries, including healthcare, business services, manufacturing, financial services, energy
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October 18, 2024 @ 08:00 AM
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Mitsubishi HC Capital America announce that Paul Slocum has joined the company as Vice President of Sales for the technology finance team. Slocum will be responsible for the origination and structuring of supply chain and purchase order finance opportunities for channel partners, including technology and other solution providers, in industries with two- step distribution models. Mitsubishi HC Capital America's unique funding solution provides 100% product financing, which frees up cash embedded
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October 18, 2024 @ 07:58 AM
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First Citizens Bank appointed Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank.In her role serving the First Citizens enterprise, Draper leads a marketing organization nationwide dedicated to building upon the company's customer-centric vision that delivers solutions, experiences and capabilities based on customers' needs.Draper brings more than three
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October 18, 2024 @ 07:50 AM
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Marathon Asset Management and Webster Bank closed a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”). PK’s founders reinvested equity in conjunction with this transaction.Founded in 2004, PK specializes in non-discretionary, regulatory driven specialty inspections, repair and maintenance, and safety services in support of industrial and heavy commercial facilities across the U.S. In addition to
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October 18, 2024 @ 07:42 AM
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Alvarez & Marsal (A&M) announces the appointment of Jason Galloway as Managing Director to lead marketing transformation and technology offerings at A&MPLIFY, the firm’s customer and artificial intelligence (AI) advisory agency. Galloway’s joining furthers A&MPLIFY’s mission to help clients drive growth, improve efficiency, and leverage digital and AI disruption to transform every phase of the customer experience. Galloway specializes in marketing transformation, marketing technology, customer
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October 18, 2024 @ 07:00 AM
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CB&S Bank recently established a new loan production office in Kennesaw, Georgia. CB&S Business Capital, a division of CB&S will be focused on asset-based lending throughout the southern United States. CB&S Business Capital will be led by its president, industry veteran Mike Knuckles. Prior to joining CB&S, Mike led the formation of asset based lending divisions at two other southern regional banks.“We are thrilled to have Mike Knuckles lead CB&S Business Capital. Having worked with him
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October 17, 2024 @ 09:17 AM
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MidOcean Partners announced that Jon Fox, former President of the alternative investment firm Värde, has joined the firm as Global Head of Capital Formation. Fox brings several decades of leadership and alternative asset management experience to MidOcean that will help to enhance and expand MidOcean’s investor relationships globally, and position the firm to continue to meet investors’ evolving needs. “I am very excited to welcome Jon to MidOcean as we continue to create innovative solutions
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October 17, 2024 @ 09:12 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, announced that its Asset-Based Lending (ABL) team has provided a new credit facility to Fabrizia Spirits, a leading citrus spirits manufacturer in the United States. The customized lending package will enable the company to execute its strategic growth plans, expand distribution and enhance production efficiency through longer, more cost-effective production runs. Fabrizia
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October 17, 2024 @ 09:06 AM
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Altriarch Asset Management provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC. The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to medical practices. Proceeds from the transaction enabled LeasePoint to refinance existing debt and will provide additional runway to scale its equipment financing business in order to meet growing demand for its funding solutions.Considering LeasePoint’s
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October 17, 2024 @ 09:04 AM
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Modern Banking Group (MBG) announced that banking industry veteran, Steven Caligor, has joined our Executive Management Team as Chief Lending Officer and Executive Vice President. In this role, Caligor will lead commercial lending operations, drive growth strategies, expand relationships, and support credit and portfolio oversight. With over 30 years of experience in executive management, commercial banking, credit, and finance, Caligor brings a wealth of expertise to the team.Prior to joining
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October 17, 2024 @ 09:02 AM
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B. Riley Securities, a subsidiary of B. Riley Financial, Inc. served as exclusive financial advisor to Bit Digital, Inc. in the acquisition of Enovum Data Centers (“Enovum”), an owner, operator and developer of high-performance computing (“HPC”) datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM).Bit Digital, Inc. is a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City. Its
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October 17, 2024 @ 09:00 AM
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Ansley Park Capital announced a series of key leadership appointments and organizational changes as part of its ongoing growth strategy. Ansley Park Capital has experienced significant growth across multiple sectors, driven by its commitment to offering flexible and tailored financial solutions that meet the unique needs of its diverse clients. As the company continues to scale operations, the following leadership appointments and strategic changes will enhance its ability to serve a broader
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October 17, 2024 @ 09:00 AM
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