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TSL Express Daily Articles & News

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Finance Industry Veteran Jennifer Palmer Launches Asset-Based Lending Company: JPalmer Collective
On International Women’s Day, SFNet president and former CEO of Gerber Finance and eCapital ABL, Jennifer Palmer, is announcing the formation of JPalmer Collective. The asset-based lending firm will provide customized financing solutions with white-glove, consultative services designed to help businesses grow sustainably and founders to retain their equity.

The company will specialize in high-growth businesses that do not fit traditional lenders' criteria, including women-led companies and consumer brands focused on conscious consumers, sustainability and inclusivity.

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Top 10 TSL Express Stories of the Year

A list of the most viewed stories from 2021 published in TSL Express.

 

TSL Express Daily Headlines & News

  • Kirkland Advises Intersect Power on Up to $800 Million Revolving Credit Facility
    July 20, 2023
    Kirkland & Ellis advised Intersect Power in obtaining an up to $800 million revolving credit facility to support the development, construction and operation of Intersect’s next wave of renewables, energy storage and green hydrogen projects.
  • Ekinops Signs up for a €100 Million Credit Line to Support its External Growth Strategy
    July 20, 2023
    EKINOPS (Euronext Paris - FR0011466069 - EKI), leading provider of telecommunications solutions for telecom operators and enterprises, announces the signing of a new credit line with its banking partners.
  • CIBC Innovation Banking Provides €12m Financing Package to Language Technology Business Phrase
    July 20, 2023
    CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology.
  • Sorrento Therapeutics, Inc.'s Bankruptcy Court Approves Elective Offering of Restricted Common Stock of Scilex Holding Company for Dividend Short Holders
    July 20, 2023
    Sorrento Therapeutics, Inc., a biopharmaceutical company dedicated to the development of life-saving therapeutics to treat cancer, intractable pain, and infectious disease, today announced that, in connection with its ongoing chapter 11 case, the U.S. Bankruptcy Court for the Southern District of Texas entered an order approving an offering of a portion of Sorrento's common stock in its non-debtor public subsidiary, Scilex Holding Company.
  • The Middlefield Banking Company Expands Commercial Banking Team
    July 20, 2023
    The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp. (NASDAQ: MBCN), today announced that it has added two new team members to help expand and manage Middlefield’s commercial banking brand in the Central and Northeast Ohio markets. Joining Middlefield are Josh Riley, Senior Vice President/Chief Commercial Market Executive - Central Ohio and Jerry Benko Senior Vice President/Chief Commercial Market Executive - Northeast Ohio.
  • Novan Enters into Agreement to Sell Substantially All of its Assets, including Berdazimer Gel, 10.3% (SB206), and Files for Chapter 11 Protection
    July 20, 2023
    Novan, Inc. (Nasdaq: NOVN) and its wholly owned subsidiary, EPI Health, LLC (collectively, “the Company” or “Novan”), today announced that it has entered into a stalking horse asset purchase agreement (“APA”) with Ligand Pharmaceuticals, Inc. (“Ligand”) (Nasdaq: LGND) prior to filing voluntary petitions for relief under chapter 11 of title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Chapter 11 Case”).
  • Hilco Real Estate Finance Launches Short Term Property Finance to the UK Market
    July 20, 2023
    Hilco Real Estate Finance (HREF), an institutionally backed real estate bridge lender, is bringing flexible, fast, short-term property finance expertise to the marketplace. The group is led by industry experts and co-founders Brad Altberger, Chief Executive Officer and Max Lewis, Chief Investment Officer.
  • Houlihan Lokey Strengthens Private Funds Group With Senior Hire
    July 20, 2023
    Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Jonathan Jameson has joined as a Managing Director in the firm’s Private Funds Group. Mr. Jameson is based in New York and will expand and strengthen the Group’s coverage of general and limited partners in North America.
  • Apollo to Launch Private Fund in Asset-Based Financing Buildout
    July 20, 2023
    Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.
  • Jefferies Finance Launches Direct Lending BDC with Anchor Commitment from ADIA
    July 20, 2023
    Jefferies Credit Partners, a leading private credit manager and the asset management arm of Jefferies Finance LLC, today announced the intention to launch a private placement of a business development company (“BDC”) to further enhance its lending capacity in the private credit space.
  • First Business Bank’s Asset-Based Lending Group Funds $11 Million Credit Facility in 28 Days
    July 20, 2023
    Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $11 million revolving line of credit for the acquisition of a pipe/valve/fittings distributor in Missouri. First Business Bank’s Asset-Based Lending team worked quickly and diligently to close the financing in 28 days.
  • Li Joins CohnReznick as Tax Partner
    July 20, 2023
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Angel Li has joined the firm as a partner in its Tax practice. Li has more than 25 years of experience providing federal and state tax compliance and consulting services to companies of all sizes across the manufacturing, real estate, technology, and private equity industries.
  • New Talent Bolsters Loeb's Team: Carolyn McClure and Matt DelGuidice Join the Fold
    July 19, 2023
    Loeb is thrilled to announce the addition of two seasoned professionals, Carolyn McClure, and Matt DelGuidice, to its team. Both Carolyn and Matt have hit the ground running, making an immediate positive impact on Loeb's business, and contributing to the ongoing mission of supporting manufacturers and financial institutions throughout the equipment lifecycle.
  • Sachs joins CohnReznick as Assurance Partner
    July 19, 2023
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Scott Sachs has joined the firm as a partner in its Assurance practice. Sachs has 20 years of audit experience serving private equity and public company clients with a focus on the manufacturing and distribution and consumer industries, as well as software and technology services.
  • B. Riley Advises GSR II Meteora Acquisition Corp. in its Business Combination with Bitcoin Depot
    July 19, 2023
    B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as capital markets advisor to GSR II Meteora Acquisition Corp., a special purpose acquisition company, in the successful closing of its business combination with Bitcoin Depot.
  • BHI Provides $50 Million Line of Credit to Naftali Shaked Partners II LP
    July 19, 2023
    BHI, a full-service commercial bank, announced that it has closed a $50 million capital call line of credit facility for Naftali Shaked Partners II LP (“NSP II”). The financing provides a one-year line of credit that the fund will deploy for ongoing acquisitions.
  • Access Capital Provides $5,000,000 Credit Facility to Howard-Sloan Search, Inc.
    July 19, 2023
    Howard-Sloan Search, Inc. (“Howard-Sloan”), a leading New York-based direct hire staffing firm operating for over sixty-five (65) years, developed a temporary staffing vertical.
  • Runway Growth Capital Provides a $40 Million Senior Secured Term Loan to Elevate
    July 19, 2023
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $40 million to Elevate Services, Inc. ("Elevate"), a global law company providing software and services to law departments
  • Matrix Announces the Successful Sale of Vital Plastics, Inc.
    July 19, 2023
    Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. (“Vital Plastics” or the “Company”), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners (“Wolverine Capital”).
  • Audax Private Debt Provides Financing to Support Incline Equity Partners’ Acquisition of GME Supply Co.
    July 19, 2023
    Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Incline Equity Partners (“Incline”) in their acquisition of GME Supply Co. (“GME” or the “Company”), a leading omni-channel distributor of fall protection, safety, and productivity equipment.

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