Trinity Capital announced the commitment of $60 million in growth capital to Metabolon, a global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications.Metabolon develops scientific, technological, and bioinformatics techniques to measure inputs from internal and external factors such as health, disease, nutrition, microbiome, medication, and environmental exposure, to help answer
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Gordon Brothers opened two new offices in Dubai and Auckland, expanding the firm’s presence in the Middle East and Asia Pacific. Gordon Brothers has been active in the Middle East since 2023 and provides holistic solutions across asset services and trading to retail and industrial clients in the region with a focus on servicing companies, financial institutions and their advisors. Phillip Weston, Director, Commercial & Industrial, leads the Dubai office and is responsible for driving growth in
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Womble Bond Dickinson (US) announced that Merrick Benn has been elected US Chair and CEO, effective January 1, 2025. Currently a member of the firm’s Global Board, Benn will succeed Betty Temple, who has served as US Chair and CEO since 2016. They will work closely with the Firm Management Committee to ensure a successful transition. A global finance partner, Benn has 25 years of experience advising clients in equipment finance transactions, including secured financings, cross-border
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eCapital completed a $10 million factoring facility for a prominent Canada-based staffing company specializing in the recruitment and management of talent in the global energy sector.Established in the 1970s, the staffing company swiftly ascended to international leadership within the energy industry. Confronting the challenge of rapid expansion and complex cash management needs, the company found traditional financing options limiting. Encountering inflexibility from their Schedule A bank
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Solifi announced the launch of ESG Portfolio Strategist, as the latest innovative application in its product suite. Enabling automotive finance businesses to operationalise ESG strategy within their existing leasing workflow, ESG Portfolio Strategist enables ESG compliance and strategy execution, and can support them in tracking, monitoring, and proactively advising clients on their ESG portfolio analytics. It is a cloud-native SaaS offering that can be integrated with any Originations or
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First Citizens Bank's Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas. The facility will cover more than 272,000 square feet and feature 36-foot ceilings, 54 truck doors and more than 350 parking spaces. The 16-acre site is strategically located near Highway 121, Interstate 635 and Dallas-Fort Worth airport.Construction has begun on the facility, which is owned by an affiliate of GTIS
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Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Cloudbreak Health (“Cloudbreak”) by GTCR. Headquartered in Columbus, OH, Cloudbreak is a leading video-focused language interpretation service provider that helps patients with limited English proficiency, as well as deaf and hard-of-hearing populations, communicate with caregivers in healthcare settings. The Company's core offering is Martti™ (My Accessible Real-Time Trusted
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TAB Bank has been named Best Community Bank by the Utah Best of State Awards for the second year in a row. TAB will be honored at the Best of State Gala on Friday, May 24, 2024, at the Salt Palace Grand Ballroom in Salt Lake City.The Best of State Awards celebrates Utah’s outstanding individuals, businesses and organizations across various industries that excel in their endeavors, use innovative approaches or methods, and contribute to a better quality of life in Utah. Best of State judges
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An online auction hosted by Tiger Group on May 21 features the highest-quality rental and production-ready AV gear to be sold in North America, the company announced. The premium-quality rental gear—digital cameras, complete lens sets, individual lenses, monitors, drives, memory and accessories originally purchased from 2020-2023 for $4.5 million—is surplus to the ongoing operations of a global AV rental leader’s Hollywood location. Represented brands include Angenieux, ARRI, Canon, Codex
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David Zolot, a high-impact investment professional who brings nearly 25 years of experience in corporate, IP and consumer-brand strategy, has joined Tiger Capital Group as Managing Director, Brand Strategies. A veteran of the consumer branded space, Zolot has served in senior executive roles at brand management firms Iconix Brands, Saban Brands, and most recently as a Principal at New York-based Neuberger Berman, where he focused on their Marquee Brands investment strategy. In this latter role
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Trinity Capital announced the commitment of $25 million in growth capital to Elevate K-12 ("Elevate"), a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.Elevate delivers high-quality LIVE teaching to K-12 classrooms from state-certified and qualified teachers to solve the challenges caused by teacher vacancies across the country. The company was featured in Time and Statista's list of the top 250 EdTech companies and was
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Citizens Financial Group announced that Jim Weiss has joined Citizens as Florida market president to bring additional local focus and expertise as Citizens continues to grow its presence in Florida.Weiss, based in Tampa, has more than 30 years of banking experience and most recently served as regional president at Busey Bank where he led the Commercial, Wealth and Retail businesses in Florida. Prior to that, he had a 16-year career at Fifth Third Bank, most notably leading the Commercial
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Amerisource Business Capital closed and funded a $2,500,000 working capital facility for a Utah-based commercial printer. The proceeds were used to support the company’s recent significant growth.Courtney Mark, Market Manager for Amerisource, stated: “The company required a working capital facility to accommodate their recent growth and we are pleased to assist them during this period of expansion.”
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Garrington Capital closed a working capital revolver of up to $20 million to a California-based vehicle finance company. The proceeds of the facility will be used to refinance existing debt and to provide capital to grow the business.
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First Citizens Bank's Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy ("Apex") battery energy storage projects in Texas. One project, Great Kiskadee Storage, is a 100MW/200MWh battery energy storage system owned by SA Grid Solutions (a joint venture of Apex, SK Gas, and SK Eternix) and under construction in Hidalgo County, Texas. The other, Angelo Storage, is a 100MW/200MWh battery energy storage
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