Gordon Brothers named Brendan Smyth head of the Australian valuation team. Smyth will provide asset valuations to the restructuring/insolvency sector and lending community, including asset-based lenders, private equity firms and investment funds.
Chris Carmosino, president of valuations at Gordon Brothers, outlines how to tackle the valuation process from home and spoke about the pandemic’s potential long-term effects on performing valuations, consumer behaviors and M&A activity.
The economy may be booming, but these are still turbulent times with a shifting environment propelled by tax cuts, tariffs levied against Canada and China, and the possibility of a trade war. For guidance, ABF Journal editor Nadine Bonner turns to executives from the nation’s top four appraisal firms. In addition to a perspective on how technology and globalization have changed businesses practices, they offer sound advice to help ABL lenders steer a steady course and avoid crashing on the rocks.
Citizens Commercial is the sole lead arranger in providing a $24.5 million credit facility to Nixon, a designer, marketer and distributor of watches, clothing and accessories.
Citizens Commercial Banking provided a $20 million revolving credit facility to luxury jewelry firm David Webb. Citizens served as the sole lender and administrative agent.