Of Interest

Invacare Enters Cooperation Agreement with Azurite Management

Invacare, a manufacturer and distributor in its markets for medical equipment used in non-acute care settings, entered into a cooperation agreement with its largest shareholder, Azurite Management. Azurite Management currently owns approximately 10.3% of the company’s outstanding shares. read more

Best Lawyers Names 9 Moritt Hock & Hamroff Attorneys to 2023 Lists

Best Lawyers in America recognized nine Moritt Hock & Hamroff attorneys in its 2023 edition. Six attorneys were included in The Best Lawyers in America and three attorneys were included in The Best Lawyers: Ones to Watch in America. read more

BlueTape Closes $55MM in Funding from Arcadia Funds and Chicago Ventures

BlueTape, a payments and financing provider for the construction industry, closed on $50 million in debt funding led by Arcadia Funds and a $5 million seed round led by Chicago Ventures for a total of $55 million in financing. read more

Copernicus Upgrades and Rebrands Software

Due to a recent technical upgrade, Copernicus, a financial services software developer and provider for financial services organizations, rebranded its Solar software product to Copernicus. The software has undergone a complete software upgrade using the latest React technology. read more

IDC: Worldwide Revenues in Collaboration App Market to Reach $63.8B by 2026

According to a new study from International Data Corporation, worldwide revenues in the collaboration applications market grew 28.4% year over year in 2021 to $29.1 billion and are expected to grow to $63.8 billion by 2026. read more

CIT Arranges $53MM in Financing for Acquisition of Industrial Properties

CIT’s real estate finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties. read more

HYPERAMS Completes E-Commerce Liquidation Sale of The Grommet

HYPERAMS completed the e-commerce liquidation sale of The Grommet, an e-commerce marketplace. HYPERAMS accomplished a 99.8% sell-through of the inventory within 34 days by utilizing The Grommet’s customer email database and website. read more

Fifth Third Hosts Sixth Supplier Diversity Summit

Last week, Fifth Third Bank hosted its sixth Supplier Diversity Summit, providing an opportunity for suppliers to explore best practices and connect with Fifth Third representatives and other corporate and community partners. read more

Funding Circle and Farm Bureau Bank Collaborate to Boost Small Business Lending

Funding Circle and Farm Bureau Bank formed a partnership to provide capital to small business owners from all walks of life, including the agricultural community, across the United States. read more

CIT Commercial Services Closes $75MM Factoring Facility with Consumer Products Wholesaler

CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $75 million factoring facility on behalf of a consumer products wholesaler. read more

Equipment Finance Cares to Host Next Event in Plymouth Meeting, PA, on Sept. 20

Equipment Finance Cares will host an event in on Sept. 20 in Plymouth Meeting, PA, from 1:30p.m. to 7 p.m. EST at Auxilior Capital Partners’ headquarters. read more

Trucking Wages Jumped in 2021 as Labor Shortages, Supply Chain Issues Increased Demand

According to American Trucking Associations’ 2022 driver compensation study, wages for American truckers rose significantly in 2021 as demand for drivers amid the ongoing driver shortage increased competition for talent. read more

EquipmentShare Opens New Location in Grand Junction, CO

EquipmentShare, a construction equipment and technology solutions company, opened a new location in Grand Junction, CO, on Aug. 9. The branch will serve local contractors and provide dozens of job opportunities for the area.  read more

Ziegler Closes Acquisition Financing for Well-Spring Obligated Group

Ziegler, a specialty investment bank, closed three taxable loans for the Well-Spring Obligated Group to acquire a senior living community and expand its services as a multi-site senior living community operator.   read more

Yieldstreet Closes $400MM Credit Facility From Monroe Capital

Yieldstreet, a direct-to-consumer online platform for investing in private markets, closed a warehouse facility that provides access to up to $400 million from Monroe Capital. read more

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