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SSG Capital Advisors (“SSG”) served as the investment banker to Sanotech 360, LLC dba EMist, in the sale of substantially all of its assets to an affiliate of GrowCo Capital, LLC. The transaction closed in December 2023 pursuant to a Chapter 11 Plan of Reorganization in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division.EMist develops advanced systems that apply disinfectants more efficiently than conventional methods. The Company’s products utilize electrostatic Read Story

Filed Under: Specialty Chemicals
January 18, 2024 @ 07:55 AM

Peapack-Gladstone Financial and Peapack-Gladstone Bank appointed Philip Prudenti, CAMS as Vice President, Head of KYC and Client Onboarding at Peapack-Gladstone Bank. He joins the Company’s experienced team of risk and compliance professionals, assessing and implementing best practice procedures.With over 25 years of expertise in financial services, risk management and compliance, Prudenti’s knowledge is invaluable to the institution. He most recently served as Director, Head of Special Approval Read Story

January 16, 2024 @ 07:40 AM

Castlelake, a global alternative investment firm specializing in asset-based opportunities and Vervent, a leading fintech servicing company, entered into a new forward flow agreement whereby certain Castlelake funds and affiliates will provide up to $180 million to Vervent and its affiliates. Under the terms of the agreement, affiliates of Vervent will use the funds to finance origination for its Revvi, Total Card and First Access unsecured credit card programs."Castlelake is pleased to continue Read Story

Filed Under: Lender Finance
January 12, 2024 @ 07:47 AM

DecisionRx, a value-based healthcare company reducing the cost of care by helping physicians eliminate medication failure, entered into a $100 million credit facility with global investment firm Carlyle.The financing will support the cost-bearing that is key to DecisionRx’s unique business model: DecisionRx can assume the full cost of delivering Medication Therapy Optimization to patients of Accountable Care Organizations, Medicare Advantage Plans, and self-insured employers. The facility is Read Story

Filed Under: Medical
January 12, 2024 @ 07:50 AM

TAB Bank provided two printing companies based in Ohio with a $5 million credit facility. The facility consists of a $4 million revolver and a $1 million term loan. The new facility is extended through a multi-year agreement and will provide for the companies’ ongoing working capital needs.The companies provide point-of-purchase and merchandising display solutions, specializing in plumbing fixture displays as well as paint color cards and other products for sales and marketing purposes. Read Story

Filed Under: Printing
January 12, 2024 @ 07:48 AM

2024-02-23 14:34