News

Signature Bank partnered with trueDigital to develop Signet, a new digital payments platform designed to enable real-time payments for the bank’s commercial clients.

Gibraltar Business Capital funded a $5.5 million line of credit to support Industrial Value Partners’ acquisition of South Carolina Elastics, a division of Rhode Island Textile Company.

Investment bank Matrix Capital Markets Group acted as merger and acquisition advisor to Giant Eagle in its acquisition of Ricker Oil Company.

TAB Bank provided a $1.25 million asset-based revolving credit facility to a manufacturing company based in Georgia.

D&D Leasing Group has partnered with humanitarian organization WE to support the latter’s infrastructure and education improvement program in Kalinjar, India.

The Commercial Finance Association awarded Michael D. Sharkey, president of MB Business Capital, its prestigious Life Time Achievement Award.

Steven M. Cramer joined Houlihan Lokey as a managing director in the bank’s Technology, Media, & Telecom Group overseeing the gaming sector. He will be based in Los Angeles.

Concord Financial Advisors came on board to support Sivyer Steel in its bankruptcy 363 sale to a new owner after the company defaulted on its bank loan.

MidCap Financial provided acquisition financing to AVAD, a value-added distributor of A/V, residential security and home automation products.

Robert J. Keach, co-chair of ABI's Commission to Study the Reform of Chapter 11, praised the introduction of bipartisan legislation to provide a viable option for small businesses looking to reorganize under the Bankruptcy Code.