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Week's News

Leading global professional services firm Alvarez & Marsal (A&M) has announced the hiring of Rick Kozole as Managing Director. Based in Detroit, Mr. Kozole will serve as the leader of the firm’s North American Automotive and Industrials Group. Mr.... Read Story

Filed Under: New Venture
August 05, 2020 @ 09:00 AM

Context Business Lending (CBL), a leading family office-backed specialty finance company focused on asset-based lending ("ABL"), announced new executive talent hires to support its rapid growth during this unprecedented time for the lending market... Read Story

August 05, 2020 @ 08:55 AM

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a power generation component part manufacturer and distributor based in Connecticut. The company is recapitalizing its balance sheet and needed a... Read Story

Filed Under: Manufacturing
August 05, 2020 @ 08:50 AM

SG Credit Partners provided $2.5 million in working capital to a privately owned consumer debt collection agency.The Financing Situation: The Company needed capital quickly to move on opportunistic portfolio purchases as well as working capital... Read Story

Filed Under: Industry News
August 05, 2020 @ 08:45 AM

AlixPartners, the global consulting firm, announced that Chudozie Okongwu, PhD has joined the firm as a Managing Director in its Investigations, Disputes & Risk practice. He is working from AlixPartners’ London and New York offices.Dr Okongwu... Read Story

August 05, 2020 @ 08:40 AM

More than half (58 percent) of small business owners (SBOs) report they expect their revenue to decrease in 2020, even though 47 percent stated they did not have to close for any amount of time during the COVID-19 pandemic, according to results of TD... Read Story

Filed Under: Industry News
August 05, 2020 @ 08:00 AM

Blackstone announced that Christine Feng, a former senior executive at Amazon focused on mergers and acquisitions, has joined the firm as Senior Managing Director. Ms. Feng will be based in San Francisco and focus on technology investing for... Read Story

August 04, 2020 @ 09:06 AM

Truist Financial Corporation (NYSE: TFC) announced that its corporate and investment banking businesses, SunTrust Robinson Humphrey and BB&T Capital Markets, have integrated and are now doing business as Truist Securities."Truist Securities combines... Read Story

August 04, 2020 @ 09:05 AM

Accounts receivable finance company Commercial Funding Inc. has entered the asset based lending (ABL) market by offering asset based loans for small to mid-market B2B companies.A national provider of invoice factoring and accounts receivable... Read Story

Filed Under: New Venture
August 04, 2020 @ 09:00 AM

The continued deterioration in credit quality of issuers due to the coronavirus pandemic resulted in a large number of U.S. middle market (MM) CLOs failing a variety of tests for the first time in 2Q20, according to Fitch Ratings' latest U.S. MM CLO... Read Story

Filed Under: Industry News
August 04, 2020 @ 08:55 AM