Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, announced that its Asset-Based Lending (“ABL”) team has provided a $5 million revolving line of credit to Global Printing & Packaging (“GPP”). Headquartered in Marlborough, Massachusetts, GPP is a longstanding provider of high-quality consumer product packaging and logistics solutions, offering global manufacturing at scale. Founded in 1965, GPP began as a small, family-owned
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VOX Funding announced closing a $150 million credit facility with Raven Capital, a New York-based investment firm specializing in asset-based direct lending.This transaction marks a major milestone in VOX Funding’s ongoing expansion and reflects the strength of its platform, which has delivered consistent results across market cycles. The added capacity will support the firm’s continued scaling, further strengthening its position as a leader in alternative credit.Founded in 2018, VOX Funding has
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US Capital Global announced the promotion of Michael J. Levas to Partner. Based in Boston, Levas will co-lead the group’s Northeastern U.S. investment banking operations while driving strategic business development across Italy and Greece.With a distinguished career spanning over 30 years at top-tier Wall Street institutions—including Lehman Brothers, S.G. Cowen, UBS PaineWebber, Bear Stearns, and Advest—as well as as founder of The Olympian Group, Asclepius Life Sciences Fund, and Asclepius
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Monterey Financial Services, a national leader in specialty financing and loan servicing, announced the appointment of Kevin Weiss as CEO. Weiss steps into the role with a strong track record of building high-growth companies and a clear vision to advance Monterey Financial Services’ innovation and customer-centricity. Before Monterey, Weiss helped to launch and grow several successful businesses. In financial services, he was a founding team member of M13, a venture capital firm that now
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AEA Investors' Private Debt group ("AEA Private Debt"), a leading provider of private credit to the middle market, announced that it served as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner for a first lien credit facility in support of the refinancing of Training The Street ("TTS" or the "Company"), a portfolio company of Falfurrias Capital Partners ("FCP").Headquartered in Charlotte, NC, Training The Street is a leading global provider of accounting, capital markets, financial
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FGI Worldwide announced the hiring of Bryan Rozum, CFA, as Managing Director, FGI Finance. Based in Chicago, Rozum will focus on originating new business opportunities throughout the Midwest for FGI Finance, FGI's asset-based lending division. He joins Greg McBride of FGI Risk and Daniel Schlossberg of FGI Equipment Finance in connecting clients across the region with finance and risk management solutions.Rozum will build on the division’s strong Midwest foundation, established by Tessa Payne
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Tradewind Finance, an international trade finance provider, is excited to be celebrating its 25th anniversary this year. This milestone commemorates twenty-five years of serving exporters, importers, manufacturers and more with innovative liquidity solutions to grow and succeed.Tradewind was founded in 2000 in Germany with the mission to help suppliers bridge cash flow and equip them with the tools to trade securely. It first began delivering receivables-based financing to textile suppliers in
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The Supreme Court of Texas ruled in favor of Haynes Boone client American Midstream, reversing a $6 million judgment and reinstating the company’s counterclaim as well as its claim for attorneys’ fees.Rainbow Energy Marketing Corp. sued American Midstream in 2017 for breach of contract, fraud and negligent misrepresentation after terminating a gas transportation agreement. The trial court awarded Rainbow more than $6 million in lost profits.In her Jan. 13 argument, Houston-based Appellate
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William Blair announced the continued growth of the firm’s Private Capital Advisory team in Europe with the addition of industry veteran Delaney Brown. Brown, who joins as a senior director in London, will focus on providing fund placement and secondary advisory services to financial sponsors and limited partners across Europe.“It is a pleasure to welcome Delaney to the team, where he will enhance our capabilities in providing integrated private capital solutions to clients,” said Mike Custar
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Clifford Chance is advising Citibank Europe Plc on the sale by its Polish subsidiary, Bank Handlowy w Warszawie S.A. (Citi Handlowy), of its consumer banking business to VeloBank. Citi Handlowy is one of the largest financial institutions in Poland. The transaction, which is subject to regulatory approvals and antitrust clearance, involves a demerger of Citi Handlowy’s consumer banking operations to VeloBank. Citi Handlowy will retain and continue to operate its institutional corporate
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Ares Commercial Finance provided a $15 million senior secured revolving line of credit to Shimmick Corporation, an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation. Ansley Park Capital (“Ansley Park”), an affiliate of Ares Management, provided a complementary $15 million machinery and equipment term loan, the combination of which delivered a complete financing solution. Proceeds from the working capital
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Traditional banks are losing their grip on industry growth, according to a new report from Boston Consulting Group (BCG). The global banking industry has grown at a compound annual growth rate (CAGR) of 4% over the past five years, but traditional banks are ceding the most valuable ground to fintechs, digital attacker banks, private credit funds, and nonbank market makers. Incumbent banks have relied on balance-sheet-driven net interest income to contribute roughly 85% of the growth. Yet they
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Tiger Finance and JPMorgan Chase provided a lifestyle growth brand incubator with $141 million in strategic financing. The revolving line of credit/term loan consists of $26 million provided by Tiger Finance and $115 million provided by JPMorgan Chase."Featured in the likes of Elle, Homes & Gardens, The New York Times and countless Instagram and TikTok posts by celebrity influencers, the borrower's brands have the potential for even further growth," said Tiger Finance Managing Director Andrew
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Trinity Capital announced the commitment of $62.7 million in growth capital to Atmosphere TV, a premier streaming platform tailored exclusively to businesses, offering more than 30 original and partner TV channels focused on sports, news, and entertainment. Atmosphere's entertainment platform is tailored for high-traffic environments such as restaurants, bars, gyms, airports, medical centers, and auto shops, and allows businesses to customize programming and run their own promotions alongside
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Mayville Engineering Company, a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, announced a definitive agreement to acquire Accu-Fab, LLC from strategic holding company Tide Rock for a total consideration of $140.5 million, plus ordinary and customary adjustments. The proposed acquisition is expected to close during the third quarter 2025, subject to the satisfaction of customary closing conditions.MEC intends to fund the transaction
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