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TSL Express Daily Articles & News

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Wingspire Capital Provides $230MM+ of Commitments in 1Q23

Wingspire Capital LLC is pleased to announce that it completed five transactions with cumulative commitments of more than $230 million in the first quarter of 2023.

The types and sizes of the transactions were diverse, as were the borrowers — ranging from a major cosmetics brand to a travel technology platform to a global cloud networking provider.  The senior secured credit facilities included revolvers, exit financing as part of a pre-packaged bankruptcy, an add-on financing term loan, and an agented $125 million facility.

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Stop Managing Your Time and Start Managing Your Energy
Dr. Arin N. Reeves, researcher, author, and leading advisor to many top executives, offers her advice on the energy deficit so many of us are experiencing.

TSL Express Daily Headlines & News

  • CVC Credit Supports Add-on Acquisitions by Trilon Group
    October 2, 2023
    CVC Credit is pleased to announce that it recently provided financing solutions to support the add-on acquisitions of three businesses by Trilon Group, backed by Alpine Investors.
  • CIBC Innovation Banking Provides Funding to Nanoprecise Science Corp.
    October 2, 2023
    CIBC Innovation Banking announced today that it has provided a $3.5 million debt financing facility to Edmonton-based, Nanoprecise Sci Corp. (Nanoprecise). The company plans to use the funds for working capital purposes.
  • Barretts Minerals Inc. and Barretts Ventures Texas LLC File for Chapter 11 Protection
    October 2, 2023
    - Minerals Technologies Inc. (NYSE: MTX) (“MTI” or the “Company”) today announced that its subsidiaries, Barretts Minerals Inc. (“BMI”) and Barretts Ventures Texas LLC (together, “the Debtors”), filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to address and comprehensively resolve BMI’s liabilities associated with talc.
  • U.S. Bank CFO Insights Report: Finance Leaders Shift to Defense Mode
    October 2, 2023
    U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to the 2023 U.S. Bank CFO Insights Report.
  • Encina Lender Finance Provides $50MM Credit Facility for Bright Money
    October 2, 2023
    Encina Lender Finance, LLC (ELF) announced today the closing of a $50MM senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt.
  • Wells Fargo Sells $2 Billion of Private Equity Investments
    October 2, 2023
    Wells Fargo (WFC.N) said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Lenders have been looking to improve efficiency and scale back less important bets, to better navigate the uncertainty as the Federal Reserve tries to engineer a soft landing for the U.S. economy.
  • MidFirst Business Credit Announces New Lending Relationship with Control Solutions LLC
    October 2, 2023
    MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Control Solutions LLC (Control). Headquartered in Aurora, Illinois, Control manufactures a complete line of electronic commercial drive controllers and battery charging systems.
  • Republic Capital Access Announces Personnel Changes
    October 2, 2023
    After much thought and consideration, Isaac Ellsworth has decided to explore opportunities in sectors other than finance. “Over the last two years, we have thoroughly enjoyed Isaac’s enthusiasm and upbeat personality,” said Republic SVP Matt Stavish. “While we will miss him, we certainly understand, and are supportive of, his decision. We wish him the best as he transitions to the next chapter of his professional life.”
  • Bank of America Names Tyrone Noel Hampton Roads President
    October 2, 2023
    Today, Bank of America is announcing that Tyrone Noel has been named president of Bank of America Hampton Roads. As president, Noel will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration across the bank’s eight lines of business. He will oversee the bank’s efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen client relationships.
  • Morrison Foerster Guides CalPlant to Emergence from Chapter 11
    October 2, 2023
    Morrison Forester is pleased to announce that it has successfully guided CalPlant to emergence from its chapter 11 bankruptcy proceedings. Prior to its bankruptcy case, CalPlant constructed the world’s first plant intended to convert rice straw (a waste product of rice production) into high-quality, environmentally friendly, and competitively priced medium-density fiberboard (MDF).
  • Byline Sponsor Finance Supports The Brydon Group’s Investment in Peak Performance
    October 2, 2023
    Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support The Brydon Group’s investment in Peak Performance. BSF was represented by Duane Morris, LLP.
  • Star Mountain Capital Adds Chris Calabrese, Former Co-Founder of LBC Credit Partners, as Strategic Portfolio Partner
    October 2, 2023
    Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that Chris Calabrese, co-founding partner of $3+ billion AUM private credit manager LBC Credit Partners, has transitioned from a Star Mountain Operating Partner to a full-time role of Strategic Portfolio Partner.
  • CIBC Innovation Banking Provides Financing Support for Clearhaven Partners’ Investment in Korbyt
    October 2, 2023
    CIBC Innovation Banking announced today that it has provided financing support for Clearhaven Partners’ investment in Korbyt, an industry-leading workplace experience platform.
  • Alterna Equity Partners Announces the Sale of Alterna Capital Solutions to Paychex
    October 2, 2023
    Alterna Equity Partners (“AEP”), a South Florida-based lower middle market private equity firm, today announced the 100% sale of one of its portfolio companies, Alterna Capital Solutions, LLC (“ACS”) to Paychex, Inc. (“Paychex”). The sale of ACS represents a successful exit for AEP.
  • Manufacturers Bank Announces Plans to Rebrand as SMBC MANUBANK
    October 2, 2023
    Manufacturers Bank, a subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, announced that it will be changing its name to SMBC MANUBANK as it expands into new markets and industries, and highlighting its decades-long affiliation with Sumitomo Mitsui Banking Corporation, a global leader in finance and innovation.
  • Celtic Capital Corporation Provides $3.6 Million to Company Providing Printing Services
    October 2, 2023
    Celtic Capital Corporation today announced its most recent new client relationship – a New York-based company providing printing services to the newspaper advertising industry. This Company, founded in 1980, had been harmed by the pandemic and was out of covenant with its bank.
  • Varde Raises Nearly $1.5 Billion for Asset-based Lending Opportunities
    September 28, 2023
    Alternative investment firm Varde Partners has raised nearly $1.5 billion from institutional investors for asset-based lending through its Varde Asset Lending Fund II and related accounts and co-investments, it said on Thursday.
  • First Business Bank Funds $2.5 Million Factoring Facility To Smart Bus Platform
    September 28, 2023
    First Business Bank announces its Accounts Receivable Financing team recently funded a $2.5 million factoring facility to a client operating as a smart bus platform.
  • Gordon Brothers Welcomes Chris Menard as Chief Financial Officer
    September 28, 2023
    Based in Boston, Menard is an integral part of the firm’s leadership and is responsible for the overall management of global financial reporting, planning and analysis, treasury, and tax strategy and compliance.
  • CohnReznick Earns National Workplace Culture Recognition
    September 28, 2023
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, is proud to announce it has been named one of Newsweek’s 100 Most Loved Workplaces in America® for the third year in a row and has also been certified by Great Place to Work® for the second consecutive year.

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