Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of Brandon J. Smith, Senior Vice President, Head of Asset Management, at Peapack Capital, a subsidiary of Peapack-Gladstone Bank. Based out of the Bank’s Short Hills, NJ location, Brandon is responsible for all aspects of the asset management function at Peapack Capital including equipment valuations and reviews, portfolio analyses, end of lease negotiations, equipment inspections and dispositions.

Kafene, a fintech company bringing innovation to a key segment of the point-of-sale financing market, has secured $75 million in additional debt and equity to accelerate company growth. The package included a $50 million credit facility from Credit Suisse, a leading global investment bank and financial services firm, with an additional $10 million provided by Hudson Cove Capital Management, an alternative credit asset manager.

Great Elm Specialty Finance, a newly formed, wholly owned subsidiary of Great Elm Capital Corp., a business development company, today announced a new leadership appointment intended to foster the company’s private direct lending solutions to middle market borrowers primarily across the US. Michael P. Keller, a seasoned professional with significant experience in direct lending, will head its specialty finance efforts with particular focus on asset-based lending, asset backed lending, cash flow, and subordinated debt investing.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent combined $2.5 million asset-based lending facility and $750,000 purchase order financing and trade finance program to support a fast-growing healthy foods and supplement company.

Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that the Company has entered into a new five-year credit agreement among the Company and the lenders party to the credit agreement from time to time, which consists of a new $400 million term loan and a new $1 billion revolving credit facility.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured credit facility with WinCup, Inc., a leading manufacturer of traditional and sustainable disposable foodservice to-go ware, including phade® PHA straws.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien senior secured credit facility to Lindsay Precast (“Lindsay” or the “Company”), a premier North American concrete manufacturer specializing in precast concrete products. Funding provided by Sound Point was used to support MiddleGround Capital’s (“MiddleGround”) acquisition of the Company.

The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced the refinancing of its revolving credit facility and term loan by a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan, both with five year maturities, lower interest rates, reduced reporting requirements, and increased flexibility under the covenants.

Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, and Blackstone (NYSE:BX) today jointly announced a new partnership in which funds managed by Blackstone GP Stakes will acquire a minority ownership interest in Great Hill Partners. Blackstone GP Stakes specializes in value-added, long-term investments in the management companies of leading private equity firms.

Porter Capital, a go-to provider of alternative financing solutions for businesses, has funded an $8.5MM credit facility to a Tier 1 Auto Parts Manufacturer. Upon learning its current bank-owned factoring company had sold, the foreign-owned US subsidiary operating as a Tier 1 Auto Parts Manufacturer was told to find a new factor. As a rapidly growing manufacturing business doing $50MM in revenue, the prospect was a perfect match for Porter Capital's funding capabilities.

Evercore is serving as financial advisor to SGS and Fried, Frank, Harris, Shriver & Jacobson LLP is serving as its legal advisor. Gibson, Dunn & Crutcher LLP is serving as legal advisor to SVPGlobal. Financing for the transaction was led by HPS Investment Partners, LLC.

Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, announced the hiring of four new banking teams in Salt Lake City, UT. Mr. Kristopher Adams will be responsible for the continued expansion and growth of the Fortis SBA Lending strategy. Mr. Michael Borys, Mr. Jon Moir and Ms. Lindsey Williams will lead teams in the Utah Commercial Banking market.

Bank of the West, part of BNP Paribas Group, announced that it led the financing for the acquisition of Ste. Michelle Wine Estates by the private equity firm Sycamore Partners Management (SPM). SPM purchased Ste. Michelle Wine Estates for $1.2 billion, making it the largest private equity purchase of a wine business in the U.S.

Annerie Vreugdenhil brings over 30 years of broad and extensive banking experience. She joins ABN AMRO from ING where she has worked in various leadership positions in a wide range of client-facing roles across various segments. She is currently Head of ING Neo and Chief Innovation Officer.

olifi (formerly IDS), a global fintech software partner for secured finance, announced they have secured 11 new customers and 14 go-lives to date in 2021. With its unique open finance platform driving record-breaking growth and digital transformation, Solifi now serves 34 of the top 50 U.S. banks, 7 of the top 10 U.S. equipment financing firms, including 2 of the 3 largest independents, and 3 of the top 5 U.S. factors.

EQ Riskfactor, a leading global provider of risk management software for the commercial finance market (part of Equiniti Group), today launches its new international report, Finding Your Competitive Edge With Technology. ​ The new report surveyed senior professionals from the receivables finance industry across the UK, US, Germany, France and the Netherlands. The report explores the lasting impact of Covid-19 on businesses during 2021, the repercussions of the withdrawal of government support, and how lenders can use technology and data to help them gain competitive advantage.

Grant Thornton LLP, a leading audit, tax and advisory firm, has named Mark Margulies as its managing partner for South Florida, including the firm’s offices in Miami and Ft. Lauderdale, effective immediately. Margulies is an experienced leader whose accounting career spans more than 30 years.

Mars Growth, a Liquidity Group and MUFG joint venture fund, announced today it has provided a $4.5 million credit facility for Kontist, a leading fintech company providing banking and bookkeeping services to the self-employed and freelancers in Germany. Kontist will use the additional capital to further its expansion.

Rivonia Road Capital LLC, a global alternative asset manager, focused on credit for high-growth companies, announced today that it has provided Steno Agency, Inc with $20 million in debt financing, alongside an equity investment in Steno’s most recent fundraise.