SSG Advises Edgmont Golf Club On Exit Financing, Asset Sale

April 27th, 2016
SSG Capital Advisors acted as investment banker to Edgmont Golf Club and Country Club in the placement of exit financing and in the sale of substantially all of its assets to Ridgewood Real Estate in partnership with Angelo, Gordon & Company. The exit financing and subsequent sale were executed through a Chapter 11 bankruptcy plan of reorganization, which was approved by the Bankruptcy Court in August 2015 and closed in March 2016. Go here to see the original: SSG Advises ...

Scott Shapiro Joins Crestmark as Regional First VP

April 27th, 2016
Scott Shapiro joined Crestmark as regional first vice president, business development officer for the West Division. Shapiro, who is based in Crestmark’s Los Angeles office, reports to Ray Morandell, senior vice president, national sales manager. Shapiro comes to Crestmark from Houston-based Briar Capital where he was senior vice president, business development officer for the Los Angeles market. See the original post: Scott Shapiro Joins Crestmark as Regional First VP

Crescent Provides Financing for Sovereign Capital Dalepak Acquisition

April 25th, 2016
Crescent European Specialty Lendin g provided unitranche financing for the acquisition of Dalepak , a UK-based tech-enabled outsourced logistics provider, by Sovereign Capital, a UK-based private equity firm. Terms of the transaction were not disclosed. “We are thrilled to be a part of this transaction, which will enable Dalepak to expand its market-leading supply chain services to its increasing client base that spans a diverse range of industries including cosmetics, electronics, manufacturing and e-commerce retailers,” said Christine Vanden Beukel, ...

Lawrence Financial Closes Over $30MM in Q1 Financings

April 22nd, 2016
Lawrence Financial has executed of 10 financing arrangements in Q1/16, with total commitments in excess of $30 million. Of these deals, three were in conjunction with Lawrence’s joint venture partner, FSW Funding of Phoenix. Below is a summary of the deals: $7 million provided to a Simi Valley concern which imports air compressors and other construction related products See the original post: Lawrence Financial Closes Over $30MM in Q1 Financings

Banc of California Expands SBA Lending Division

April 20th, 2016
Banc of California hired Pattie Ehsaei as senior director, SBA Business Development and Marina Naya as director, SBA Business Development to expand its SBA Lending division. Both Ehsaei and Naya will be based in Los Angeles and will support the Southern California market. Ehsaei joins Banc of California from Union Bank where she served for four years, most recently as director and regional manager of the Business Banking Division. Read the original post: Banc of California Expands SBA Lending Division

Pomerantz Named ABI Board President

April 20th, 2016
The American Bankruptcy Institute elected Jeffrey N. Pomerantz of Pachulski Stang Ziehl & Jones to serve as president of its board of directors for a one-year term Visit link: Pomerantz Named ABI Board President
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