News

Solifi, a global company in delivering the unified platform for secured finance, acquired Inovatec Systems, a cloud-based lending technology provider serving banks, captive finance organizations, credit unions and specialty lenders across North America. The combination will extend Solifi’s retail automotive,...

Turning Rock Partners (TRP), a private investment firm based in New York, launched its second asset-backed financing with AerFin, a global company in aircraft and engine parts aftermarket solutions. The transaction is backed by three Airbus A220 aircraft and further...

Tiger Commercial & Industrial (C&I) has completed the sale of a portfolio of high-precision fabrication and assembly machinery and equipment (M&E), along with finished products and raw materials, from two U.S. plants. Conducted on behalf of the secured creditors, the online...

TradeCap Partners, a provider of purchase order funding, closed a $500,000 purchase order finance facility for a supplier of technology-driven safety products serving the material handling equipment industry. TradeCap was introduced to the company by a Texas-based community bank that...

HyperAMS, a full-service asset valuation, monetization and advisory firm for 16 years, rebranded as Hyper Group, unveiling a new name and logo that reflects its legacy and future direction. The rebrand comes as Hyper Group continues to broaden its service...

Navitas Credit, an equipment finance company, completed its acquisition by investment funds advised by Wafra, a $30 billion New York City-based global alternative asset manager, from United Community Banks for approximately $2 billion in cash after closing adjustments. Wafra entered...

CohnReznick, a professional services firm, added Robert Weaver as transaction advisory services partner in its New York City office. Weaver brings more than 25 years of extensive accounting and finance experience, including over two decades dedicated to mergers and acquisitions,...

Civista Bancshares completed its previously announced leadership transition. Charles A. “Chuck” Parcher has assumed the role of president and CEO of Civista Bancshares and Civista Bank, effective immediately. Parcher succeeds Dennis G. Shaffer, who has retired as president and CEO...

JetZero closed a senior secured term loan facility of up to $100 million. The capital extends a run of program milestones for JetZero’s all-wing airplane, which is designed for the middle market (~250 passenger capacity for up to 5,000 nautical...

Digi International, a global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, expanded and refinanced its senior secured revolving credit facility, increasing total borrowing capacity to $350 million. The expanded facility replaces Digi’s existing $250...