News

Matrix Capital Markets Group sold the propane, commercial motor fuels and lubricants business of WTG Fuels, a subsidiary of West Texas Gas, to ThompsonGas.

Congressman Lucas introduced the Capital Access for Small Businesses Harmonization (CASH) Act, which will establish clear disclosures of key terms that factors can provide to small businesses at the time of establishment of the factoring facility.

Axxes Capital launched the Axxes Private Markets Fund, a registered interval fund that seeks to provide accredited investors with a portfolio of direct access co-investments and secondaries through a vehicle that can be purchased on a daily basis.

Advantage Business Capital approved and funded a $4 million invoice factoring participation for a California-based electronics manufacturer. This participation is non-lead and will allow the overall credit facility for the client to grow.

Tupperware, a global brand, and certain of its subsidiaries have voluntarily initiated chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware.

Viola Credit entered a strategic joint venture with Cadma Capital Partners. The new venture, with financing capacity of up to $500 million, will focus on executing asset-based lending transactions originated and managed by Viola Credit.

KeyBank’s Fall 2024 Small Business Flash Poll found that more than three in five (61%) small business owners polled plan to delay making major business decisions until after election results come out.

The Bank of New York Mellon (BNY), a global financial services company, launched Alts Bridge, a data, software and services solution designed to meet demand from wealth intermediaries looking to access alternative and private market investment products.

MCF served as the exclusive financial advisor to the shareholders of SeaCross, an international provider of navigation software, on its sale to Adelis Equity. This transaction marks the second investment in Adelis Equity’s recently established defense technology group.

SG Credit Partners, through its commercial finance division, partnered with a multi-generation manufacturer of specialty chemicals. The senior debt investment will provide enhanced liquidity for the company.