Houlihan Lokey anounced that Val Shapiro has joined the firm’s Financial Sponsors Group as a Managing Director to support and expand the team’s credit coverage efforts, focusing on alternative asset managers, hedge funds, credit funds, and collateralized loan obligations. She is based in New York. “We are absolutely delighted that Val has chosen to bring her deep experience and extensive market relationships to the Houlihan Lokey team. Her credibility among credit investors, technical expertise
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March 27, 2024 @ 09:09 AM
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SLR Healthcare ABL provided a $4 million asset-based revolving credit facility for a skilled nursing facility. The borrower is a Nevada based provider of 24-hour skilled nursing, post-operative care, and specialized programs including orthopedic rehab, ventilator care, and wound management. Proceeds of the loan were used to refinance existing debt and provide working capital to support growth initiatives.
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March 27, 2024 @ 09:03 AM
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Leste Group, a global alternative investment manager, announced the appointment of four executives to its senior team to support the firm’s growing North America private equity and real estate credit strategies.“Leste is continuing to prove itself as a strong platform for high performing leaders to join and build strategies from private equity to real estate, credit, and special situations,” said Emmanuel Hermann, CEO & Founder of Leste Group. “We are pleased to welcome a number of high
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March 27, 2024 @ 09:02 AM
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EisnerAmper announced new leadership appointments within its Technology and Life Sciences practices. Sector leaders are responsible for growth initiatives and team development within their verticals as well as collaborating on overall industry strategy.Thomas H. Fagley: National Biotech Sector Leader - Fagley is an Audit Partner with approximately 30 years in public accounting and private practice experience. He works with both public and private companies with a focus on the life sciences
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March 27, 2024 @ 09:00 AM
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Lawrence Financial announced the appointment of Mena M. Rizk as our newest Partner. Rizk's distinguished background in originating and underwriting transactions, coupled with his unique approach to financial solutions, brings a wealth of experience and expertise to our firm. His addition underscores our commitment to excellence and further solidifies our position as a leader in the industry."We are delighted to welcome Mena to our team," expressed Haze Walker, Managing Partner of Lawrence
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March 27, 2024 @ 08:16 AM
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Oxford Commercial Finance recently provided a $2.5 million Ledgered Line of Credit to a consumer product company in Missouri, specializing in mouth wash/oral rinse.
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March 27, 2024 @ 08:08 AM
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Susan Carol Creative has rebranded to Foresight Marketing Agency, in a move that reflects the significant growth in capabilities at this longtime leader in public relations and marketing communications for B2B clients in commercial finance, equipment finance, secured lending, banking and fintech. Now, agency founder Susan Carol and newly named CEO Anthony Trollope share a vision to build upon the strengths of their professional team and they invite clients to rediscover everything they have to
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March 27, 2024 @ 08:00 AM
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LSQ recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.South Carolina-based Powerhouse Resources provides staffing solutions for traditional power-generation facilities, while Florida-based Outage Solutions serves nuclear energy facilities, primarily as service experts for pumps and rotating equipment. Since the two companies began the merger process in January, their client base has grown exponentially, necessitating the
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March 27, 2024 @ 08:00 AM
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Mirate Equity announced its latest endeavor in supporting urban development projects with the approval of a significant multi-family loan for Northern Builder LLC. The multi-family loan, totaling $27.5 million, is earmarked for the construction of a modern, sustainable housing complex in the heart of Hennepin County, Minnesota. The project, dubbed "Maple Grove Residences," aims to address the growing demand for affordable and quality housing options in the area while fostering community growth
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March 27, 2024 @ 07:00 AM
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Gordon Brothers has provided a $100 million exit facility commitment as Agent for Jo-Ann Stores LLC to support the U.S. arts and crafts specialty retailer's restructuring and bolster the company’s liquidity. Gordon Brothers provided a first-in, last-out credit facility last year to help optimize Jo-Ann Stores’ balance sheet and drive free cash flow across the enterprise. “We’re proud to support the category leader in sewing and fabrics with one of the largest arts and crafts offerings during
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March 26, 2024 @ 09:06 AM
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A new survey from Grant Thornton shows that mergers and acquisitions (M&A) professionals are highly optimistic about the state of dealmaking. The survey, which polled 238 M&A professionals, found that 81% of respondents expect deal volume to increase or significantly increase over the next six months.Additionally, more than two-thirds (67%) of respondents said they are optimistic about the U.S. economy, citing their anticipation of stable or lower interest rates, technology innovations and
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March 26, 2024 @ 09:05 AM
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Hilco Enterprise Valuation Services (HEVS), a provider of valuation opinions for lenders, investment firms, advisors, and corporations, appointed Joseph Mevorah as Managing Director. With an extensive background spanning three decades on Wall Street and in advisory roles, Mr. Mevorah brings a wealth of expertise in valuing businesses, assets, and loan portfolios, with a focus on serving banks, credit unions and specialty lenders.Mevorah's career has been marked by significant contributions to
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March 26, 2024 @ 09:03 AM
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B. Riley Financial announced the addition of Virginia Schnippel as a Managing Director within the Corporate Advisory & Valuation Services practice at B. Riley Advisory Services."We are excited to welcome Virginia and her skills to our corporate advisory valuation services team," said Chad Yutka, Executive Managing Director and National Corporate Advisory & Valuation Services Practice Leader at B. Riley Advisory Services. "Virginia brings significant industry and valuation experience across many
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March 26, 2024 @ 08:52 AM
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Clear Channel Outdoor Holdings announced the Company's indirect, wholly owned subsidiary, Clear Channel International B.V. ("CCIBV"), entered into a credit agreement on March 22, 2024 governing CCIBV's new term loan facility. Under the agreement, JPMorgan Chase Bank serves as administrative agent and collateral agent, and J.P. Morgan SE serves as lead arranger and bookrunner.The CCIBV Term Loan Facility is comprised of two tranches of term loans (the "Term Loans"), totaling an aggregate
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March 26, 2024 @ 08:40 AM
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Webster Financial Corporation, the holding company for Webster Bank and its HSA Bank division, announced that after 13 years with the Company, Glenn MacInnes intends to retire from his role as Executive Vice President and Chief Financial Officer (“CFO”). MacInnes will continue to serve as the Company’s CFO until a successor is appointed by Webster’s Board of Directors (“Board”) and will then serve in an advisory role to ensure a smooth transition.“Glenn’s contributions as CFO have helped
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March 26, 2024 @ 08:32 AM
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