American Banker Recognizes Garrison Among Emerging Women in Financial Services Leadership

American Banker named Ashley Garrison, executive vice president and head of human resources operations for Regions Bank, a Most Powerful Women in Banking: Next award recipient.

May 10, 2021 American Banker | Ashley Garrison | Dave Keenan | Regions Bank Ian Koplin

Crestmark Secures More Than $16MM in ABL/Factoring Solutions in H1/April

Crestmark secured a total of $16,518,200 in asset-based lending/factoring financial solutions for 13 new clients in the first half of April.

May 10, 2021 Crestmark | Crestmark Equipment Finance | Crestmark Vendor Finance Ian Koplin

CBIZ: Small Business Hiring Trends Gain Momentum in April

The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted gain of 3.57% for April. The gain in the reading highlights the quickened pace of hiring efforts as small businesses engage in increased economic activity.

May 10, 2021 CBIZ Small Business Employment Index | Philip Noftsinger Ian Koplin

Tiger Group Accepting Bids for May Auction of Eagle Manufacturing Parts and Assets

Tiger Group will begin accepting bids on May 13 for its May 20 online auction of the remaining assets from Eagle Manufacturing’s engine block-machining facility in Florence, KY.

May 10, 2021 George Laidlaw | Tiger Group Ian Koplin

Boundary Street Capital Closes Credit Fund with More Than $330MM in Capital Commitments

Boundary Street Capital, a private credit investment manager focused exclusively on the digital infrastructure, enterprise software and technology services sectors, closed BSCP SBIC I, a credit fund with more than $330 million in capital commitments.

May 7, 2021 Boundary Street Capital | BSCP SBIC I | Rashad Kawmy Ian Koplin

TD Bank Survey Shows 41% of Small Business Owners Expect Revenue Growth in 2021

According to TD Bank’s 2021 small business survey, 41% of small business owners expect to grow their revenue in 2021, while only 9% anticipate a decline.

May 7, 2021 Jay DesMarteau | MARU/Matchbox | TD Bank Ian Koplin

ABI Names Karasik First VP of Diversity and Inclusion

The American Bankruptcy Institute named Eve H. Karasik of Levene Neale Bender Yoo & Brill in Los Angeles to serve a two-year term as the organization’s first vice president of diversity and inclusion.

May 6, 2021 American Bankruptcy Institute | Eve H. Karasik Ian Koplin

Monroe Capital Becomes Signatory of UN-Supported Principles for Responsible Investment

Monroe Capital became a signatory to the United Nations-supported Principles for Responsible Investment, which works to understand investment implications of environmental, social and corporate governance factors.

May 6, 2021 Chris Lund | Fiona Reynolds | Monroe Capital | Principles for Responsible Investment | Ted Koenig | United Nations Ian Koplin

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

May 5, 2021 Apollo Global Management | Barclays | BMO Capital Markets | David Sambur | Deutsche Bank | Freshfields Bruckhaus Deringer | Goldman Sachs | Guru Gowrappan | Hans Vestberg | Kirkland & Ellis | LionTree | Mizuho Securities USA | Paul Weiss Rifkind Wharton & Garrison | RBC Capital Markets | Reed Rayman | Verizon Ian Koplin

SFNet: ABL Credit Commitments Grew 2% in 2020 Despite COVID-19 Pandemic

According to cumulative data for 2020 published in SFNet’s Annual Asset-Based Lending Survey, the $273.9 billion in total credit commitments by asset-based lenders in 2020 increased just 2% compared with the $268.6 billion in total credit commitments recorded for 2019.

May 4, 2021 Richard D. Gumbrecht | Secured Finance Network Ian Koplin