Super G Portfolio Company Zen Planner Acquired by Strategic Investor
Link to press release: http://www.prnewswire.com/news-releases/daxko-acquires-zen-planner-to-become-preeminent-software-provider-in-member-based-health–wellness-industry-300426349.html
Daxko Acquires Zen Planner to Become Preeminent Software Provider in Member-based Health & Wellness Industry
BIRMINGHAM, Ala., March 20, 2017 /PRNewswire/ — Daxko announced today it has acquired Zen Planner, a Denver-based provider of member...
New Lending Structures Combat the Rise of Daily Debit Loans: The ABL Industry Strikes Back
Link to article here
Online lenders have made it quick and easy for business borrowers to access cash in a crunch. But these fintech lenders rely on algorithms and business plans, not bothering to check to see if the borrower has existing loans in place. If the clients runs into difficulties, this can create headaches for the senior lender. Charlie Perer suggests that second lien lenders provide new products to enable borrowers to get...
Second Lien Loan Trends in the Lower Middle Market
Link to blog post: http://www.abladvisor.com/blogs/11476/second-lien-loan-trends-in-the-lower-middle-market
A recent Reuters article citing demand for second lien loans to U.S. based middle-market companies has sparked a renewed interest in second lien debt. The article speaks mainly of public issuances of second lien debt starting at $100 million that are able to tap large scale institutional investors and forego structures such as...
The Lost Art of the Loan Purchase
As published in the Commercial Finance Association Blog: https://commercialfinanceassociationblog.com/2017/03/02/the-lost-art-of-the-loan-purchase/
Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily executable and solidifies the new lender’s lien position immediately. It is not widely used for the obvious reason that most lenders prefer to use their own legal docs and to have...
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