Bank of America has named Julie Schmelzle, senior relationship manager, Global Commercial Banking, president of Bank of America Southwest Florida. She succeeds Gerri Moll, who successfully led the market since 1997 and is retiring at the end of July after 41 years with Bank of America.As president and head of the market, Schmelzle will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank’s eight lines of business. She will oversee
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Mitch Rubin, a banking professional with 18 years of experience in asset-based lending, has joined Tiger Group as a business development Managing Director. The Westchester, New York-based executive will leverage his extensive private equity and banking industry contacts to source opportunities in the metro New York and Boston markets. His business-development efforts will add to those of longtime Tiger Valuation Services Managing Director Fred Raccosta. Rubin brings nearly two decades of
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Gordon Brothers agented a C$200 million financing package for Morgan Construction, consisting of a five-year, C$150 million revolving credit facility and a C$50 million accordion. The funding will support Morgan’s working capital needs, new equipment purchases and fleet optimization. The official announcement can be viewed here. Kyle Shonak, Chief Transaction Officer at Gordon Brothers, can speak to the deal and its five-year partnership with Morgan, alongside its affiliate, Nations Capital, to
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National Business Capital (“NBC”) continues to scale across key markets, announcing the hire of Lorraine Julius as Director of Institutional Partnerships. With decades of experience in financial services from Bank of America, Mission Valley Bank, US Bank, and eCapital, Lorraine will focus on cultivating strategic relationships across California and the broader western U.S., helping business advisors, accountants, and lenders deliver flexible, non-asset-backed capital solutions, including credit
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eCapital delivered a $10 million asset-based lending (ABL) facility to support the national expansion of a fast-growing Midwest-based beverage manufacturer specializing in light-bodied malt beverages. Referred by a private equity partner, the revolving line of credit offers access to working capital beyond the scope of traditional bank financing, positioning the company to scale production and meet rising consumer demand.Originally developed under a regional brewing program, the company has
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Phil, a leading software-driven pharmaceutical commercialization platform, announced a $60 million growth debt financing from K2 HealthVentures (K2HV), a healthcare and life sciences-focused investment firm. The funding will accelerate the integration of artificial intelligence across Phil's platform and support continued customer expansion across a broad range of therapeutic areas.Since its Series D financing led by Warburg Pincus in 2021, Phil has scaled prescription volumes more than 10x, and
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Briar Capital Real Estate Fund (“Briar”) closed a new commercial real estate loan in Illinois to a leading provider of health supplies and services for educational institutions.Briar provided a $9,350,000 real estate loan facility, primarily structured as a term loan, with an additional revolving component designed to address the borrower’s seasonal liquidity needs. The facility was secured by the company’s owner-occupied real estate and was part of a broader debt recapitalization that also
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In April, Emily Kulback, Global Head of Product, announced the formation of a Global Product Leadership team at Invesco. The new organization, which aligns innovation across active and rules-based, public and private capabilities, will continue to build a strong line-up of products that deliver the excellence Invesco clients expect.As part of this new organization, the company announced that Keith Jones has joined Invesco as Global Head of Private Markets Product based in Denver and reporting
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B. Riley Securities (BRS) acted as joint lead placement agent in connection with two private placement transactions for Sequans Communications S.A. BRS acted as joint lead placement agent on a $195 million private placement and a $189 million convertible notes offering, resulting in total gross proceeds of approximately $384 million to the Company.Sequans is a legacy Paris-based fabless semiconductor company focused on 4G and 5G chipsets for IoT applications. Net proceeds from these transactions
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Haynes Boone represented Dallas-based private equity firm Valesco Industries in its majority investment in Five Lakes Manufacturing, Inc., a leading U.S. producer of commercial and architectural wood doors. The transaction marks the fifth platform investment for Valesco Fund III and supports Five Lakes’ continued expansion in the national building products market.The transaction positions Valesco as the majority owner of the Clinton Township, Michigan-based commercial door manufacturer, which
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White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, agented a $550 million asset-based revolving credit facility to Wilbur-Ellis Holdings II, LLC, (the “Company”) a leading privately-held family-owned company with a portfolio of businesses focused on retail, wholesale, and distribution into the North American agriculture supply chain. WOCF acted as the Sole Left Lead Arranger in the transaction, committing $200 million. In addition to WOCF, the ABL syndicate is
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Allbirds, a global lifestyle brand that innovates with sustainable materials to make better products in a better way, announced the following financing agreements that are expected to optimize working capital and enhance financial flexibility to support the Company's long-term growth plans.
A new $75 million asset-based revolving credit facility with Second Avenue Capital Partners, consisting of a $50 million tranche and a $25 million accordion feature. The new facility, which replaces the
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Global consulting firm J.S. Held announced the acquisition of MorrisAnderson, a market leader in financial restructuring and operational consulting. The acquisition further strengthens J.S. Held’s turnaround and restructuring, bankruptcy, transaction, and dispute advisory expertise that helps businesses overcome complex enterprise challenges and realize long-term, sustainable business value.Daniel F. Dooley, MorrisAnderson CEO, commenting on the transaction, shares, “Of the many benefits of the
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Monroe Capital, on behalf of its investment funds, announced it has led a $100 million minority equity investment in NFS Capital, LLC (“NFS”). Founded in 2006, NFS is a leading provider of flexible equipment financing and asset-backed loans to small and mid-sized businesses across the U.S. and Canada. Since inception, the company has deployed over $1.5 billion in leases and loans, building a diversified portfolio across a wide range of industries including manufacturing, healthcare, construction
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Mountain Ridge Capital (“MRC”) closed a $20 million senior secured credit facility for an Alabama-based manufacturer specializing in premium Class B1 recreational vehicles and outdoor lifestyle products. The facility will support the Company’s working capital needs and help drive its growth and operational initiatives. MRC distinguished itself from other lenders by delivering a swift and reliable closing process.“We are pleased and excited to have closed this opportunity and welcome the
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