News

Ocean Bank’s factoring division closed and funded a new $8 million factoring facility for a rapidly growing distributor of aviation parts.   “The client was experiencing rapid growth and was being limited by its small local factoring company, which had...

For a third consecutive year, David Kessler, CEO of CohnReznick, an advisory, assurance and tax firm in the United States, has been named to The Consulting Report’s Top 25 Consulting Firm CEOs list. Per The Consulting Report, “These CEOs are...

The Federal Deposit Insurance Corporation (FDIC) approved a Bank Merger Act (BMA) application submitted by WesBanco Bank to acquire and merge with Premier Bank. The resulting bank will operate in West Virginia, Indiana, Kentucky, Maryland, Michigan, Pennsylvania and Ohio, and...

Cloud Capital Funding, a provider of factoring, purchase order funding and supply chain finance solutions to businesses, has continued its plan to close a deal per week, with the latest being the funding of a $750,000 accounts receivable factoring facility...

Trinity Capital, an alternative asset manager, committed $30 million in growth capital to Elucent Medical, a medical technology company. “Elucent is disrupting the field of surgical guidance with its cutting-edge technology,” Lauren Cosentino, managing director, life sciences at Trinity Capital,...

Barings, a diversified real estate investment manager, jointly originated a $113 million debt package alongside affiliates of Apollo to refinance the Westin Indianapolis (the hotel) in downtown Indianapolis. An affiliate of KSL Capital Partners has owned the hotel since 2019....

Party City Holdco Inc. (PCHI) has taken a significant step in its Chapter 11 restructuring process by entering into a stalking horse agreement to sell its Party City brand and related Amscan operating assets to New Amscan PC. an affiliate...

Houlihan Lokey, a global investment bank, welcomed Bill Scheuerer as a managing director in its capital markets group. Based in New York, Scheuerer will support the firm’s private capital financing efforts across all industry verticals. Scheuerer joins following eight years...

RELEX Solutions, a provider of unified supply chain and retail planning solutions, secured a €10 million green revolving credit facility that can be used to finance projects and activities with positive sustainability impact. The credit is being granted by Nordea...

Holland & Knight has further strengthened its financial services team with the addition of Evan Kelson as a partner in New York. He was previously a partner at Mayer Brown. The addition of Kelson follows the recent recruitment of Dimitri...