of asset-based lending often need other
help, too, such as coaching and consulting,
and providing it is a source of pride.
Hennessey was honored on March 18 at
the M&A Awards ceremony, held in conjunction with the Detroit chapter of the
Association for Corporate Growth, at the
Big Rock/Reserve in Birmingham.
LBC Credit Partners: John Capperella has
joined as a portfolio manager in the firm’s
Philadelphia office. Prior to joining LBC,
Capperella was a managing director at
American Capital Strategies. His responsibilities included sponsor coverage and
portfolio management. He was also head
of their Second Lien Group, a unit dedicated to buying junior capital in clubbed
and syndicated transactions.
Douglas L. Goodwillie has joined the
Chicago office as a director. Goodwillie
has more than 12 years of finance industry
experience, most recently as an operating
director with Arsenal Capital Partners, a
New York-based private equity firm.
He will be responsible for originating,
structuring and executing new debt investments for LBC throughout the Midwest
Presidential Healthcare Credit, a division
of Presidential Financial, sponsored an
Atlanta Press Club event featuring former
House Speaker Newt Gingrich. The topic
of Gingrich’s speech was A Tripartisan Approach to Healthcare Reform: Putting
Health Back into Healthcare. Presidential
CEO Tom Matthesen was on hand to address the gathering of industry insiders and
members of the local and national media.
Regions Financial Corporation: Bill Fite
was named executive vice president and
head of Regions Equipment Finance Corporation (REFCO), a wholly-owned subsidiary
of Regions Bank. Fite brings 30 years of
experience leading equipment finance organizations to Regions. He is recognized as
an industry leader in effecting equipment
finance initiatives within banking environments and has a broad range of expertise.
Union Bank: Jim Giordano has joined
Union Bank’s Commercial Finance
Division as a vice president and
senior originator covering Northern
California, the Pacific Northwest, the
Los Angeles and San Fernando Valley
corporate and middle-market banking
offices. Giordano is responsible for
developing new asset-based lending
relationships exceeding $10 million
in credit facilities referred internally
by Union Bank, as well as externally
through intermediaries and private
equity groups. Giordano is an experienced originator developing asset-based lending solutions to private
and public middle-market companies
in support of acquisitions, leveraged
recapitalizations, refinancing, growth,
and turnaround financings.
MidCap Business Credit LLC (MidCap) is
pleased to announce its acquisition by
Cantaro Capital LLC (Cantaro), of Austin,
TX, and the renewal of its credit facility
by long-time banker, RZB Finance LLC. The
acquisition, having coupled economic
means with industry-recognized credit expertise, significantly enhances MidCap’s
ability to meet a growing demand for its
asset-based loan products. Led by Richard
Mount, an industry veteran, and joined
by Kate Lepak, formerly of Citigroup, MidCap has assembled a team of seasoned
commercial finance executives to build
its platform and grow its portfolio in a
market lacking adequate sources of credit
for leveraged small and mid-sized businesses. All the employees of MidCap were
retained as part of the acquisition.
Do you want to train your sta; for success? Do you want content
tailored to your needs? Do you want to save money?
Do All This And More With CFA’s Custom
In-House Professional Development Programs!
CFA is now o;ering in-house customized professional development
programs speci;c to your organization’s learning needs! Pick from
any of our existing programs or customize your own.
Contact John Scherf at email@example.com
or 212.792.9390 for more details.