August 2012 - Page 33 of 34

Flexibility, Flexibility, Flexibility ABL, Factoring Software Must Be Tailored to Both Borrows & Lenders’ Needs

Opportunities are there for those with the tools and talent to seek them out. Even with the additional requirements placed on lenders by regulators and auditors both the factoring and asset-based lending industries have experienced growth in recent years. William Stucky & Associates’ Roseanne Doyle discusses the software requirements and flexibility needed to ensure success for both lenders and borrowers.

August 1, 2012 WSA ABF Journal

Beyond Traditional Restructuring… Gavin/Solmonese Join Forces to Fulfill a Shared Vision

Last April, the commercial finance industry learned that the venerable turnaround firm of NHB Advisors had been acquired by a newly formed corporate consulting firm bearing the name Gavin/Solmonese. While acquisitions of turnaround firms either in whole or in part have made industry headlines regularly this year — indeed, Deloitte acquired CRG Partners and CVC Capital Partners took a majority stake in AlixPartners — this announcement was a bit unique.

Acquisition Prompts Expansion… With PrinSource, North Mill Enlarges Footprint, Adds Factoring Services to Offerings

What started as a business idea at the dawn of the economic crisis, North Mill Capital is now a formidable competitor in the small-ticket lending space thanks to its dedicated founding stakeholders and solid organic growth. Today, through its recent acquisition of PrinSource Capital, North Mill has expanded its footprint westward and added factoring services to its product offerings.

August 1, 2012 Jeffrey Goldrich | North Mill | North Mill Capital ABF Journal

CIFC in Strategic Transaction With GE Capital Unit

Asset management firm CIFC said it plans to enter into a relationship with GE Capital’s Bank Loan Business under which GE Capital Debt Advisors will exit its third-party advisory business in return for $4.9 million in cash, common stock and warrants to purchase preferred stock.

August 1, 2012 ABF Journal

Swisher Hygiene Amends Credit Facility With Wells Fargo Bank

Swisher Hygiene announced that it has entered into a sixth amendment to its senior credit facility with Wells Fargo Bank as administrative agent.

August 1, 2012 ABF Journal

CIT Prices $3 Billion of Senior Unsecured Notes

CIT Group announced the pricing of a public offering of $1.75 billion and $1.25 billion of senior unsecured notes, due 2017 and 2022, respectively priced at par bearing interest rates of 4.25% and 5.00%.

August 1, 2012 ABF Journal

Harris Williams Advises Quality Synthetic Rubber in its Sale

Harris Williams announced the sale of Quality Synthetic Rubber, a provider of custom molded synthetic rubber components, to Lexington Precision, a portfolio company of Industrial Growth Partners.

August 1, 2012 ABF Journal

NACM: ‘Problems Besetting Economy Have Not Abated’

The National Association of Credit Management reported that its Credit Managers’ Index reflects the grim reality of the economy of summer 2012. The NACM said the problems besetting the economy earlier in the year have not abated.

August 1, 2012 ABF Journal

Huron’s Food Transportation Platform Completes Add-on Acquisition

Huron Capital Partners announced that its portfolio company, Cardinal Agri-Logistics has acquired Charles G. Lawson Trucking (Lawson), in partnership with Lawson’s management team. The investment was made through The Huron Fund III, and is the 59th investment Huron has completed through its three investment funds.

August 1, 2012 ABF Journal

CIT: Mid-Market Execs Anticipate Capital Goods Acquisitions

More than three-quarters of U.S. middle-market executives said their companies will make at least one capital goods acquisition of significant value over the next six to 18 months, according to Vince Belcastro, managing director and group head of CIT Capital Equipment Finance for CIT Group.

August 1, 2012 ABF Journal

Month: August 2012