Prestige Capital led a syndicate of finance companies in increasing a West Coast staffing company’s credit line from $24 million to $100 million. The syndicate included Rosenthal & Rosenthal, Lenders Funding, Sterling Commercial Credit and Great Elm Capital.
Great Elm Capital launched Great Elm Utica, a joint venture between Great Elm Capital and Utica Leaseco, to co-invest in proprietary equipment financing transactions sourced by Utica Leaseco.
Great Elm Capital, a business development company, acquired a majority equity interest in Sterling Commercial Credit, an asset-based lender.
Great Elm Capital acquired 80% of the outstanding equity interests in Prestige Capital from PCC’s retiring founder, Harvey Kaminski.
RiceBran Technologies, which develops products derived from rice bran, received an extension on its senior secured term notes and revolving line of credit with Great Elm Capital due to mature on December 31, 2016.