News

Jeannie Vernetti joined The Private Bank at PlainsCapital as vice president, wealth management administrator. She will be based at the bank’s 50th and University location in Lubbock. In her new role, Vernetti will support clients across a full range of...

Andrew Kwok joined Mayer Brown as a partner in its global funds and asset management practice in Los Angeles. Kwok joins from PEG Companies, where he served as chief legal officer. “Andrew brings sophisticated in-house leadership experience from his time...

Utica Equipment Finance closed a $7 million capital lease for a Southeast-based site development and heavy civil contractor. Secured by a broad pool of heavy equipment including excavators, dozers, articulated dump trucks, wheel loaders, motor graders and compactors, the lease...

Arch Capital Management, a new working capital and asset-based lending platform, officially launch, expanding the team’s commitment to helping growth-oriented businesses access practical, flexible credit solutions. Built by the operators behind Cirrus Capital Partners, Arch was created to meet a...

Wingspire Capital closed a $30 million revolving credit facility to SportPet Designs, a designer, manufacturer and distributer of best-selling pet products sold through major retailers. Proceeds will be used to refinance an existing credit facility and provide enhanced working capital...

Platinum Credit Opportunities Funds (PCOF) and Ares Commercial Finance (ACF) provided financing to support Kingswood Capital Management’s acquisition of Daramic, a Charlotte, NC-based global leader in supplying polyethylene and phenolic resin-based battery separators to the lead battery industry. “This financing...

Scorpio Tankers received a commitment from Bank of America for a credit facility of up to $50 million. The credit facility will be used to finance two 2015 built LR2 product tankers, STI Rose and STI Alexis. The credit facility...

Obra Capital, a specialized alternative asset management firm, added Ashish Sinha as managing director, asset-based finance. He will support the firm’s asset-based opportunistic credit strategy out of the firm’s New York office, reporting to Matt Roesler, senior managing director and...

The following members of the American Bankruptcy Institute (ABI) were elected to leadership positions as officers and directors during ABI’s Annual Spring Meeting April 23 – 25 in Washington, D.C.: Stephen D. Lerner of Squire Patton Boggs (Cincinnati) has become...

CohnReznick, a professional services firm, added Hank Kahrs as a managing director in its restructuring and dispute resolution practice. Based in Los Angeles, Kahrs brings deep expertise in quantifying economic damages in complex cases, helping clients accurately understand and pursue...