- Entrepreneur Growth Capital Provides $10,000,000 Line of Credit to Brand Developer/Online Marketer
- Credit Funds Lawyer Susan Burkhardt Joins Kirkland & Ellis
- Hidden River Announces Investment in Miles Ahead Brands
- House Advances 1071 Repeal as CFPB Signals Possible Rewrite of Data Rule
- J D Factors Provides $11,075,000 in New Factoring Facilities
TSL Express Daily Articles & News
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eCapital Acquires LSQ to Expand Technology Solutions and Strengthen Market Leadership
eCapital Corp, a leading technology-enabled provider of financing for small and medium-sized businesses (SMBs) across North America and the U.K., today announced its acquisition of LSQ Group LLC and its subsidiaries, a recognized leader in working capital finance and payment services.
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Appraisers See a Mixed Picture for Valuations
Secured lenders increasingly rely on appraisers for swift and accurate valuations amid rising complexities in asset-based lending. With business bankruptcies up 40% and ongoing supply chain challenges, appraisers must adapt quickly to maintain their vital role in the underwriting process, ensuring lenders receive the critical insights needed to navigate this evolving landscape.
TSL Express Daily Headlines & News
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Ares Management Names Kipp deVeer and Blair Jacobson as Co-Presidents
February 6, 2025Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has appointed Kipp deVeer and Blair Jacobson to the newly created positions of Co-Presidents, effective immediately. Both Mr. deVeer and Mr. Jacobson will report to Michael Arougheti, Ares’ Chief Executive Officer.
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Overland Advantage and Wells Fargo Lead Senior Secured Credit Facilities to FFF Enterprises, Inc.
February 6, 2025Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced today that it served as sole lead arranger and book-runner for a $215.0 million credit facility in support of a new loan origination to facilitate the ongoing growth of FFF Enterprises, Inc. ("FFF").
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1st Commercial Credit Launches QuickBooks® Integration for Invoice Factoring Submissions
February 6, 20251st Commercial Credit, LLC, a leading provider of invoice factoring solutions for businesses in staffing, manufacturing, distribution and transportation, is revolutionizing the funding process with the launch of its QuickBooks® integration, enabling clients to automate invoice submissions and accelerate funding requests with ease.
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Liberated Brands Files for Chapter 11 Protection
February 6, 2025Liberated Brands, the former operator of licences for Quiksilver, Volcom and Billabong, has filed for Chapter 11 bankruptcy protection in a Delaware court. According to the company’s filing, it intends to wind down its North American operations.
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ORIX Corporation USA's Growth Capital Business Invests in Piano
February 6, 2025ORIX Corporation USA’s (“OCU”) Growth Capital business today announced it has successfully closed a debt financing facility for Piano Software, Inc. (“Piano”), a global leader in digital experience management, customer journey orchestration, and advanced analytics.
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eCapital Provides $10MM ABL Facility for Behavioral Health Facility in Tennessee
February 6, 2025eCapital Corp. ("eCapital"), a leading tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, has provided a $10 million asset-based lending (ABL) facility to support the growth and operational needs of a behavioral health facility in Tennessee.
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Runway Growth Capital Leads $75 Million Loan Facility as Part of $120 Million Financing for Piano
February 6, 2025The funding will enable Piano to enhance its platform capabilities, expand its market presence, and support strategic initiatives aimed at driving growth and delivering innovative digital solutions to its clients
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Silver Point Capital Closes $250 Million BSL CLO Equity Fund
February 6, 2025Silver Point Capital, a global leader in credit investing, today announced it has closed a new fund that will focus on investing in the equity tranches of Silver Point-managed broadly syndicated loan (BSL) CLOs. The Fund accepted capital commitments of $250 million.
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Leading Private Capital Lawyer Joins Latham & Watkins
February 6, 2025Latham & Watkins LLP1 is pleased to announce that Jerome McCluskey has joined the firm as a partner in the Banking and Private Equity Finance Practices. He is resident in the New York office and looks forward to expanding his practice to Boston.
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Winston & Strawn Names Krishnan Padmanabhan New York Office Managing Partner
February 6, 2025Winston & Strawn LLP has appointed intellectual property partner Krishnan Padmanabhan (KP) to New York Office Managing Partner. He succeeds partner Mats Carlston who has served in the role since 2021 and remains co-chair of the firm’s Finance Practice Group.
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Katten Appoints Seth Messner to Head DC Office
February 6, 2025Katten announced today that leading Structured Finance and Securitization attorney Seth M. Messner is the new managing partner of the firm's Washington, DC office, replacing Timothy J. Lynes, who led the office for eight years.
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Grant Thornton CFO Survey: Optimism Surges Post-Election
February 6, 2025A new survey from Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax and advisory services, revealed a dramatic surge in confidence and optimism from chief financial officers (CFOs).
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AlixPartners Welcomes David Ritter As Partner & Managing Director In The Retail Practice
February 5, 2025AlixPartners, the global consulting firm, announced today it is expanding its vibrant Retail practice with the addition of David Ritter, an industry expert with extensive experience building businesses and driving enterprise-wide performance transformation in consumer-facing environments.
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Cync Software Launches Advanced Securities-Based Lending Solution for Financial Institutions
February 5, 2025Cync Securities-Based Lending enables financial institutions to swiftly lend against a diverse range of domestically and internationally traded marketable securities, including stocks, funds, and bonds. With actionable insights and advanced risk mitigation tools, financial institutions can confidently navigate market volatility while optimizing portfolio management and loan operations through a fully integrated loan servicing module.
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Michael Attaway Joins Jackson Walker’s Corporate & Securities Practice
February 5, 2025Jackson Walker is pleased to announce that Michael Attaway has joined the Corporate & Securities practice group as a partner in the Dallas office. A seasoned corporate attorney, Michael brings extensive experience in business transactions, commercial financing, and corporate governance.
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Culain Capital Structures $8,000,000 Accounts Receivable Financing Facility for a Health Food Provider
February 5, 2025Culain Capital, a premier provider of creative financial solutions, proudly announces the successful structuring of an $8,000,000 accounts receivable financing facility for a health food provider. This facility will provide the company with the necessary working capital to scale its operations, enhance service delivery, and meet the growing demands of its clients in the rapidly expanding health food market.
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Siena Lending Group Closes a $40 Million Credit Facility for Pharmachem
February 5, 2025Siena Lending Group LLC ("Siena"), is pleased to announce the closing of a $40 Million credit facility with Pharmachem Innovations, LLC (“Pharmachem” or "Company").The five-year credit facility was used to finance the acquisition of Pharmachem by Turnspire Capital Partners LLC (“Turnspire”) and to provide additional working capital for the company’s strong growth.
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MidCap Financial Closes $36.35mm Senior Secured Credit Facility to Vulcan Metals
February 5, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $36.35mm senior secured credit facility to Vulcan Metals Corporation (“Vulcan Metals” or the “Company”). Proceeds from the credit facility were used to finance TerraMar Capital’s acquisition of the Company and support ongoing working capital needs.
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First Citizens Bank and Sixth Street Announce Launch of Sixty-First Commercial Finance to Provide Flexible Capital Equipment Financing Solutions to Middle Market Companies
February 5, 2025First Citizens Bank and Sixth Street, a leading global investment firm, today announced the launch of Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management, LLC and designed to provide flexible capital equipment financing solutions to middle market companies.
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Porter Capital Supports Healthcare Equipment Supplier’s Growth with $2 Million Deal
February 5, 2025Porter Capital is pleased to announce its recent funding of $2 million to a prominent healthcare equipment supplier, based in Boulder, Colorado. This strategic funding is aimed at providing essential working capital to ensure the supplier's operations run smoothly while promoting growth within the company.
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