News

Rosenthal & Rosenthal, a factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, recently completed a joint recourse factoring and purchase order financing deal.

Specialist asset-based lender Ultimate Finance secured £370 million in wholesale funding for the next three years, a combination of new and extended facilities. The news follows the recent announcement of its highest-ever six-month period for new business origination.

Trinity Capital, a provider of financing solutions to growth-stage companies, launched a new vehicle in partnership with Eagle Point Credit Management. Trinity’s wholly owned registered investment adviser will be an adviser to the new vehicle.

TPG Twin Brook served as administrative agent on debt financing to support Blue Sea Capital’s refinancing and DDTL upsize of SignatureMD; Andronaco’s add-on acquisition of Diamond Fiberglass Systems and Services; and OuterBox’s refinancing and add-on acquisition of TopSpot.

Southfield Capital, a lower middle-market private equity firm, partnered with TFS, an independent, nationwide provider of material handling fleet management services. TFS was acquired from OnPoint Group.

First Business Bank’s accounts receivable financing group funded a $3 million factoring facility for an eco-friendly bottled water company.

More than 70 gas compressor packages, downhole and fishing tools, and other oilfield and heavy equipment assets are available in an online auction that closes on July 30. Tiger Group and Liquidity Services are conducting the sale.

Canadian Kawasaki Motors Finance (CKMFC) has successfully migrated its Canadian operations to Solifi Wholesale Finance. This deployment follows KMFC U.S.’s implementation of the same solution in 2021.

Two partners of Moritt Hock & Hamroff (MHH), Leslie Berkoff and Theresa Driscoll, have been recognized by Lawdragon in its 500 Leading U.S. Bankruptcy & Restructuring Lawyers list for 2024.

Haynes and Boone, represented Applied Avionics, a U.S. manufacturer of avionics interface solutions for aerospace and defense platforms, in connection with its sale to Loar Group, a wholly owned subsidiary of Loar Holdings for approximately $385 million in cash.