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CIT Group Inc. announced it has named Chris Esposito as Managing Director in charge of its newly expanded Asset-Based Lending business. In this role, Esposito is responsible for managing the Asset-Based Lending team, overseeing the national ABL... Read Story

July 10, 2020 @ 09:00 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to PQ New York, Inc. and Subsidiaries d/b/a Le Pain Quotidien USA ("LPQ U.S." or the "Company") in the sale of select U.S. assets to Aurify Brands, LLC ("Aurify Brands"). The sale was... Read Story

Filed Under: Industry News
July 10, 2020 @ 08:55 AM

Ryan Davis, Managing Director of Valuation Services at Tiger Group, has been named a ‘40 Under 40’ recipient in the 2020 awards program from The Secured Finance Network (SFNet), the professional association of the secured lending industry.“The SFNet... Read Story

Filed Under: Industry News
July 10, 2020 @ 08:50 AM

Green Ivy Capital, LLC ("Green Ivy Capital"), an affiliate of Chicago Atlantic Group, LLC ("Chicago Atlantic"), announced today it acted as sole lead arranger and administrative agent on a new $30 million senior secured term loan facility (the "Term... Read Story

Filed Under: Industry News
July 10, 2020 @ 08:45 AM

Pear Therapeutics, Inc. announced that it closed a credit facility for up to $50 million from Perceptive Advisors (Perceptive), a leading life sciences investment firm. In connection with the financing, Pear issued warrants to Perceptive, and Sam... Read Story

Filed Under: Life Sciences
July 10, 2020 @ 08:00 AM

Signature Bank, a New York-based full-service commercial bank, announced today its expansion efforts in the greater Los Angeles market, complementing its San Francisco operations.Judi Prejean, who will oversee the Bank’s West Coast growth and ongoing... Read Story

July 09, 2020 @ 09:09 AM

Brooks Brothers, America’s oldest apparel company, announced that it has commenced Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to facilitate a value-maximizing sale process. A transaction would ensure that the... Read Story

Filed Under: Bankruptcy
July 09, 2020 @ 09:05 AM

Retail inventory valuations bounced back quickly in May and June as large numbers of Americans responded to retail re-openings by hunting for bargains at liquidation sales, said executives from Tiger Capital Group in a webinar with analysts from... Read Story

Filed Under: Retail
July 09, 2020 @ 09:00 AM

Pathlight Capital LP (Pathlight) announced it is serving as the Administrative Agent on the recently funded $70,000,000 Senior Secured Term Loan facility for Armstrong Flooring, Inc., a global manufacturer of innovative flooring solutions serving... Read Story

Filed Under: Manufacturing
July 09, 2020 @ 08:55 AM

Bridge Bank announced it is expanding its Capital Finance group, which provides a full complement of asset-based lending solutions. The group now will be led by managing director Timothy Carstens, who joins Bridge Bank from Fifth Third Business... Read Story

July 09, 2020 @ 08:00 AM