Credit Solutions of America

ANYWHERE APPOINTS JOE LENZ TO BOARD OF DIRECTORS

Retrieved on: 
Thursday, February 8, 2024
Economics, Audit, Credit Solutions of America, Housing, TPG, University, Investment, Growth, Morgan Stanley, Angelo Gordon, Compensated emancipation, Research, Management

MADISON, N.J., Feb. 8, 2024 /PRNewswire/ -- Anywhere Real Estate Inc. (NYSE: HOUS) ("Anywhere" and the "Company"), a global leader in residential real estate, today announced the appointment of Joseph Z. Lenz to its Board of Directors, effective February 13, 2024. Lenz is currently a Managing Director and Co-Head of Research of Credit Solutions at Angelo Gordon & Co., L.P. ("TPG Angelo Gordon"). With this appointment, the Anywhere Board will expand from 12 to 13 directors, 12 of whom are classified as independent directors for purposes of the listing standards of the New York Stock Exchange.

Key Points: 
  • Lenz is currently a Managing Director and Co-Head of Research of Credit Solutions at Angelo Gordon & Co., L.P. ("TPG Angelo Gordon").
  • With this appointment, the Anywhere Board will expand from 12 to 13 directors, 12 of whom are classified as independent directors for purposes of the listing standards of the New York Stock Exchange.
  • "We are pleased to welcome Joe Lenz to the Anywhere Board of Directors.
  • Lenz has distinguished public company Board experience, previously serving as a board member and member of the Compensation Committee of Northern Oil & Gas.

Vantiva appoints new Directors and Chairman to Board of Directors following strategic acquisition of CommScope Home Networks

Retrieved on: 
Thursday, February 8, 2024
Woman, Credit Solutions of America, Barclays, TPG, COMM, Acquisition, CommScope, Credit, Shearer, Oaktree Capital Management, Euronext Paris, Goldman Sachs, AUM, Angelo Gordon, Home, NSPS, Mass meeting, Knowledge, Management

Brian Shearer’s appointment follows the appointment of representatives of TPG Angelo Gordon and CommScope Company Inc. (“CommScope”), Nicola Mueller and Krista Bowen, respectively, who were elected to the Board at the last General Meeting.

Key Points: 
  • Brian Shearer’s appointment follows the appointment of representatives of TPG Angelo Gordon and CommScope Company Inc. (“CommScope”), Nicola Mueller and Krista Bowen, respectively, who were elected to the Board at the last General Meeting.
  • Vantiva also announced the appointment of Barclays Bank Ireland Plc, represented by Shabab Ditta, as Board Observer.
  • Brian Shearer replaces Richard Moat, who stepped down after a long tenure to allow, and in support of, a change in strategic direction following successful completion of the CommScope Home Networks acquisition.
  • Krista Bowen will bring over 25 years of legal experience to the Board in addition to a wealth of knowledge on CommScope Home Networks.

UPTIQ Expands its Reach to 3,200 Advisors with Strategic Acquisition of Focus Treasury and Credit Solutions

Retrieved on: 
Monday, January 29, 2024
Professional Services, Technology, Finance, Fintech, Consulting, Artificial Intelligence, Banking, Family, Artificial intelligence, Partnership, High tech, FTCS, Credit Solutions of America, Acquisition, System, High-touch, Automation, Somatosensory system, Financial services

This acquisition significantly enhances UPTIQ's Artificial Intelligence (AI) enabled technology by combining automation and digital/intuitive self-service with FTCS’s client-centric approach to delivering tailored cash and credit solutions to financial advisors.

Key Points: 
  • This acquisition significantly enhances UPTIQ's Artificial Intelligence (AI) enabled technology by combining automation and digital/intuitive self-service with FTCS’s client-centric approach to delivering tailored cash and credit solutions to financial advisors.
  • Following the closing of this transaction, FTCS will be renamed and rebranded as UPTIQ Treasury and Credit Solutions, LLC (“UTCS”), and Focus will become a shareholder in UPTIQ.
  • Their unique expertise and demonstrated experience curating tailored cash and credit solutions for financial advisors is the perfect complement to our existing suite of tech-enabled financial solutions.
  • Furthermore, clients of FTCS can look forward to accessing a broader range of financial and technology solutions through UPTIQ.

SLR Credit Solutions Agents Senior Credit Facility for Ansira Partners Inc.

Retrieved on: 
Tuesday, January 9, 2024
Digital Marketing, Finance, Media, Marketing, Advertising, Banking, Communications, Professional Services, Entrepreneurship, CS, Credit Solutions of America, CRM, Partner (business rank), Acquisition, SLR, Growth, Sales

SLR Credit Solutions (“SLR CS”) announced the closing of a senior credit facility comprised of a revolver and term loan for Ansira Partners, LLC (“Ansira” or the “Company”), an independent global marketing services and solutions company with proprietary channel, website, and advertising technology platforms.

Key Points: 
  • SLR Credit Solutions (“SLR CS”) announced the closing of a senior credit facility comprised of a revolver and term loan for Ansira Partners, LLC (“Ansira” or the “Company”), an independent global marketing services and solutions company with proprietary channel, website, and advertising technology platforms.
  • The Company provides solutions for Channel Partner Marketing, Local Websites & Marketing, Media & Ad Technology, and CRM & Loyalty.
  • Proceeds from the transaction were used to finance the acquisition of the Company by Truelink Capital (“Truelink”) and will provide liquidity for general operations and growth.
  • “SLR CS provided a well-executed, tailored financing solution to facilitate the acquisition and provide liquidity for future growth initiatives.”
    Tanner Phifer, Managing Director of SLR Credit Solutions, added, “Ansira has a proven strategy for delivering best in class marketing services, leveraging their proprietary technology and significant expertise in providing end-to-end solutions across a digital and physical ecosystem.

SLR Credit Solutions Agents $40.0MM Credit Facility for Bargain Hunt

Retrieved on: 
Tuesday, September 19, 2023
Professional Services, Online Retail, Retail, Technology, Finance, Electronic Commerce, Banking, ACON Investments, Growth, SLR, Bargain Hunt, Partner, Senior, Investment, Credit Solutions of America, Online shopping

SLR Credit Solutions (“SLR CS”) announced the closing of a $40,000,000 senior credit facility comprising a revolver and term loan for Essex Technology Group, LLC (dba Bargain Hunt or “the Company”).

Key Points: 
  • SLR Credit Solutions (“SLR CS”) announced the closing of a $40,000,000 senior credit facility comprising a revolver and term loan for Essex Technology Group, LLC (dba Bargain Hunt or “the Company”).
  • Essex Technology Group is one of the leading providers of reverse logistics and excess inventory solutions to manufacturers in the e-commerce/retail sector.
  • Bargain Hunt provides their clients with a comprehensive solution that optimizes recovery and reduces waste.
  • The business is now positioned with the right capital partner who will help facilitate our continued growth,” said Sid Keswani, CEO of Bargain Hunt.

Silicon Valley Bank Appoints New Leadership to Support Life Science and Healthcare Sector

Retrieved on: 
Thursday, July 27, 2023
Partnership, First Citizens BancShares, Head, Health care, Customer, Association of British HealthTech Industries, Silicon Valley Bank, Research, Silicon, SVB, SAN, Growth, Annual report, Credit Solutions of America, Nursing, Scheffel

SAN FRANCISCO, July 27, 2023 /PRNewswire/ -- Silicon Valley Bank, a division of First Citizens Bank, today announced that 16-year SVB veteran Jackie Spencer has been named the new Head of Relationship Management for Life Science and Healthcare Banking.  The company also announced that 26-year SVB veteran Megan Scheffel was named Head of Credit Solutions for the Life Science and Healthcare practice. Spencer and Scheffel report to 30-year SVB leader Joan Parsons, Head of Technology and Healthcare Banking at Silicon Valley Bank (SVB).

Key Points: 
  • SAN FRANCISCO, July 27, 2023 /PRNewswire/ -- Silicon Valley Bank , a division of First Citizens Bank, today announced that 16-year SVB veteran Jackie Spencer has been named the new Head of Relationship Management for Life Science and Healthcare Banking.
  • The company also announced that 26-year SVB veteran Megan Scheffel was named Head of Credit Solutions for the Life Science and Healthcare practice.
  • Spencer and Scheffel report to 30-year SVB leader Joan Parsons, Head of Technology and Healthcare Banking at Silicon Valley Bank (SVB).
  • Prior to her current role, she was Global Senior Credit Officer for Life Science and Healthcare.

Dock launches Responsible Credit Solutions to empower financial inclusion

Retrieved on: 
Tuesday, June 27, 2023
API, Society, Responsibility, Credit Solutions of America, Risk, Online shopping, Dock

SÃO PAULO, June 27, 2023 /PRNewswire/ -- Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses to offer an array of flexible, customizable credit and loan products to their customers in a way that encourages responsible financial decision making.

Key Points: 
  • These solutions enable businesses to offer an array of flexible, customizable credit and loan products to their customers in a way that encourages responsible financial decision making.
  • Dock's Responsible Credit Solutions offer open lines of credit - that can be used for any purpose as well as for specific purchases.
  • "True financial inclusion cannot happen without access to credit, and sustainable credit requires financial education so people can make thoughtful choices," said Antonio Soares, Chief Executive Officer at Dock.
  • "Our solutions will aim to empower more consumers with access to credit, in a sustainable way, increasing their purchasing power and supporting true financial inclusion and broader economic growth."

Energy Capital Partners and Former GIP Credit Partners Launch ECP ForeStar Sustainable Credit Platform

Retrieved on: 
Wednesday, June 7, 2023
Environment, Finance, Banking, Utilities, Professional Services, Sustainability, Alternative Energy, Energy, Socially Responsible Investing, Environmental, Social and Governance (ESG), John W. Boehne, Global Infrastructure Partners, Emerging Capital Partners, ECP, Partner, Agriculture, Electricity, Multimedia, LP record, Powers, Investment, Water, Partnership, GIP, Credit Solutions of America, Renewable energy, Bank, Security (finance)

Energy Capital Partners (“ECP”), a leading energy transition-focused investor with a nearly two-decades-long track record of investments in the electricity, clean energy, renewable and sustainable infrastructure sectors, today announced that a team led by former Global Infrastructure Partners’ (“GIP”) partners, Jennifer Powers and Reiner Boehning, will merge into ECP’s dedicated credit investing business and launch a sustainable credit platform named ECP ForeStar, which will offer credit solutions to a broad array of businesses focused on climate transition, decarbonization and sustainable solutions.

Key Points: 
  • Energy Capital Partners (“ECP”), a leading energy transition-focused investor with a nearly two-decades-long track record of investments in the electricity, clean energy, renewable and sustainable infrastructure sectors, today announced that a team led by former Global Infrastructure Partners’ (“GIP”) partners, Jennifer Powers and Reiner Boehning, will merge into ECP’s dedicated credit investing business and launch a sustainable credit platform named ECP ForeStar, which will offer credit solutions to a broad array of businesses focused on climate transition, decarbonization and sustainable solutions.
  • The platform will significantly grow ECP’s existing credit strategy with an expanded team and over $2.5 billion in initial capital allocations.
  • At GIP, they established, grew and led the GIP Credit platform, where they managed over $5 billion of credit capital.
  • ECP ForeStar’s sustainable credit platform will be highly differentiated and be at the forefront of financing the sustainable industrial revolution, wholly focused on providing credit capital to businesses supporting decarbonization and sustainability.

Palistar Capital Adds TMT Special Situations Veteran Carras Holmstead as Investment Partner

Retrieved on: 
Wednesday, June 7, 2023
Rhône, Stanford University, PGIM, TMT, MBA, Brigham Young University, Fixed income, Investment, Carras, EY-Parthenon, UBS, MatlinPatterson, Credit Solutions of America, BA, Asset management, Security (finance)

NEW YORK, June 7, 2023 /PRNewswire/ -- Palistar Capital LP ("Palistar"), an alternative asset manager focused on mission-critical communications and digital infrastructure, today announced the appointment of Carras Holmstead as a partner on the firm's investment team.

Key Points: 
  • NEW YORK, June 7, 2023 /PRNewswire/ -- Palistar Capital LP ("Palistar"), an alternative asset manager focused on mission-critical communications and digital infrastructure, today announced the appointment of Carras Holmstead as a partner on the firm's investment team.
  • Mr. Holmstead has 20 years of experience in finance, primarily as a special situations investor.
  • Omar Jaffrey, Founder and Managing Partner of Palistar, said, "We are delighted to have Carras join the Palistar team.
  • Prior to Melody Capital Partners, Mr. Holmstead was a Managing Director at Stone Lion Capital, a $1.5 billion asset manager.

SLR Credit Solutions Agents Term Loan and Wells Fargo Provides Line of Credit for Skullcandy®

Retrieved on: 
Thursday, June 1, 2023
Audio, Video, Finance, Music, Banking, Consumer Electronics, Professional Services, Technology, Entertainment, Pleasure, COVID-19, CFO, Growth, SLR, Wells Fargo, Credit Solutions of America, Bank, Skullcandy

SLR Credit Solutions (“SLR CS”) announced the closing of a secured first lien term loan in concert with a new revolving line of credit from Wells Fargo for Skullcandy, Inc.® (“Skullcandy”) or the (“Company”).

Key Points: 
  • SLR Credit Solutions (“SLR CS”) announced the closing of a secured first lien term loan in concert with a new revolving line of credit from Wells Fargo for Skullcandy, Inc.® (“Skullcandy”) or the (“Company”).
  • Proceeds from the financing were used to refinance existing debt and provide enhanced flexibility.
  • “Skullcandy is excited to work with SLR Credit Solutions and Wells Fargo to support our liquidity needs and to provide added flexibility for the business,” said Autumn Hindman, CFO of Skullcandy.
  • SLR and Wells Fargo were great collaborators throughout the implementation of this facility, and they are sure to continue to be such into the future.”
    Joe Wells, Managing Director of SLR Credit Solutions, added, “Working with the Skullcandy team has been a pleasure.