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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
Andy Cecere, currently president and chief operating officer, will succeed Richard Davis as CEO of U.S. Bancorp on April 18, 2017, the date of the bank’s annual meeting of shareholders.
Ridgemont Equity Partners acquired Worldwide Express from affiliates of Quad-C Management. Ridgemont will merge its portfolio company, Unishippers Global Logistics, with Worldwide Express to form a new entity called Worldwide Express Global Logistics.
White Oak Global Advisors added David C. Quon to the Originations team as managing director.
Crestmark secured a total of $7,310,542 in financial solutions for 12 new clients in the first half of January.
KPS Capital Partners’ portfolio company, Electrical Components International, will acquire Fargo Assembly Company. Bank of America Merrill Lynch served as lead arranger for financing for the transaction.
Abacus Finance promoted Eric Peterson from VP to SVP, Radal Rydzesky from associate to senior associate, Joseph Lee from analyst to associate and Afsheen Ali from administrative officer to director of administration.
Square 1 Bank, hired Kevin Johnson as managing director of the Mid-Atlantic region and Dhruv Patel as vice president on the Southeast banking team.
Newtek Small Business Finance signed a letter of intent to increase its existing revolving credit facility through Capital One by $25 million to $75 million, as well as to reduce the borrowing rate.
Cahill Gordon & Reindel elected four new partners effective January 1, 2017: Brockton B. Bosson, Ariel Goldman, Sheila C. Ramesh and Sean P. Tonolli.
Renasant Corporation, the parent company of Renasant Bank, and Metropolitan BancGroup, the parent company of Metropolitan Bank, have signed a definitive merger agreement.
Jan 18, 2017: ACG Cincinnati - DM2030 (under 35)
Jan 26, 2017: IFA Presidents & Senior Executives Meeting
Jan 26, 2017: Rocky Mountain Bankruptcy Conference
Jan 31, 2017: CFA Asset-Based Capital Conference
Feb 1, 2017: 2017 TMA Distressed Investing Conference