News

Carl Marks Advisors served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility.

According to Biz2Credit’s latest Small Business Lending Index, small business loan approval percentages at big banks (more than $10 billion in assets) jumped from 13.6% in June to 13.8% in July, reaching the same percentage as last July.

eCapital launched a new commercial credit card program with Visa. The platform will provide clients with direct connections to the funds in their eCapital accounts and reporting to manage all Visa transactions.

Gordon Brothers, a global advisory, restructuring and investment firm, was appointed sole asset selling agent for TS Tech UK, a car seat manufacturer. Gordon Brothers will offer the assets for sale by way of a private treaty sale and an...

Accord Financial provided a $1 million factoring facility to a spring water bottler and distributor.

Amerisource Business Capital supplied more than $30 million in new credit facilities in Q2/21. Amerisource has provided more than $8 billion in capital to more than 1,600 companies across the U.S. since its inception in 1984.

Encina Business Credit announced a recapitalization and an expanded capital base provided by affiliated funds of Barings along with participation from Encina management. In conjunction with the recapitalization, Encina changed its name to Eclipse Business Capital.

GoldenTree Loan Management II (GLM II) and its affiliated investment manager, GoldenTree Asset Management, closed a $640 million collateralized loan obligation to be managed by GLM II.

Solstice Sunglasses, a sunglasses retailer in the United States, emerged from Chapter 11 bankruptcy with the support of a $6.5 million exit financing facility provided by Second Avenue Capital Partners. Solstice Sunglasses filed for bankruptcy relief in February.

CVC Credit priced Cordatus XXI, a collateralized loan obligation fund totaling €406 million ($481.1 million) and arranged by Barclays. This is the fourth CLO fund CVC Credit has priced globally this year and will take its assets under management to...