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Check FAQAbout Elliot
Elliot Smith is a British multimedia journalist with eight years' domestic and international experience covering geopolitics, economics, business and sport, most recently working as a full-time Correspondent for CNBC in London. Having recently relocated to Copenhagen, he will now be available to produce written news and features for English-language media, along with on-camera and audio commentary. During his time at CNBC, Elliot's coverage ranged from a series of coups and growing Russian diplomatic influence in sub-Saharan Africa to the UK's cost-of-living crisis, from the collapse of Credit Suisse to the war in Ukraine. He has extensive experience covering live political events, central banks, corporate earnings reports and other breaking business/financial news. Though based in Copenhagen, he is willing to travel for extended periods where necessary, and is also open to temporary contract work.
Portfolio
Ravinia Capital Advises CommonView Capital on $35MM Debt Transaction for Pain Specialists of America
Ravinia Capital successfully advised CommonView Capital on a $35 million debt transaction involving Sandton Capital Partners to support Pain Specialists of America's growth initiatives. PSA, a leading interventional pain management provider in Austin, Texas, is poised for continued success due to its strong market position and strategic focus. The transaction highlights Ravinia's expertise in structuring complex financial deals in challenging conditions, with stakeholders expressing satisfaction with the process and outcomes.
UMB Capital Finance Closes $33MM Credit Facility for Colorado-based Metals Manufacturer
UMB Capital Finance has successfully closed a $33 million senior credit facility for a metal manufacturing company based in Colorado. This financial arrangement allows the company to refinance its existing debt and supports a significant capital equipment project. UMB Capital Finance, a division of UMB Bank, specializes in providing capital to businesses with high leverage profiles due to various financial strategies.
BHI Provides $95MM Loan to David Bistricer and Anshel Friedman to Build a 226-Unit Multifamily Rental Building
BHI, the U.S. division of Bank Hapoalim, has provided $95 million in construction financing to developers David Bistricer and Anshel Friedman for a 226-unit multifamily rental building in Brooklyn, New York. The project, located at 2359 Bedford Ave, will include a mix of residential units and commercial space, with 30% designated for affordable housing. The Flatbush neighborhood is noted for its low vacancy rates and strong demand. BHI and Bank Hapoalim are partnering equally in the financing, and the developers are recognized for their expertise in the New York real estate market.
Live Oak Bancshares Names Cairns Chief Credit Officer, Smits to Head Commercial Banking
Live Oak Bancshares has appointed Michael J. Cairns as Chief Credit Officer, effective August 1, 2024, succeeding Steven J. Smits, who will now lead the commercial banking division. Cairns, with extensive experience in credit and lending, has been with Live Oak since 2015. Smits, who has significantly contributed to Live Oak's credit culture, will focus on expanding the bank's commercial banking efforts. The leadership changes are part of Live Oak's strategy to grow its conventional banking business while maintaining its commitment to small business banking.
T-Max Lending Provides $50.6MM Loan for Construction of Luxury Apartment Complex
T-Max Lending has provided a $50.6 million loan to Foonberg Groups Limited for the construction of a 272-unit luxury apartment complex in Jamaica Estates, NY. The loan, featuring a 7-year fixed interest rate, was originated by Jackson Valerie and is aimed at addressing the demand for rental housing in the area. The development will include various amenities and is expected to protect against market and interest rate fluctuations. Both T-Max Lending and Foonberg Groups expressed confidence in the project's potential and the financing arrangement.
Hedaya Capital Provides $2.5MM Facility Personal Care Products Company
Hedaya Capital Group has provided a $2.5 million financing facility to a rapidly growing personal care products company based on the U.S. West Coast. The company, known for its innovative all-body deodorant, has transitioned from a direct-to-consumer model to retail markets, necessitating additional capital for scaling and product development. The partnership with Hedaya Capital, facilitated by Irwin Dayan, offers the company the financial runway to expand its product line and achieve revenue goals, with the CEO expressing confidence in the mutually beneficial relationship.
Post Road Equipment Finance Provides $25MM Equipment Lease Line to Plastics, Rubber Manufacturer
Post Road Equipment Finance has provided a $25 million lease line to a leading manufacturer of protective cases, portable lighting, and temperature-controlled packaging. This investment will finance machinery and equipment to drive innovation, expand production, and enhance margins through automation. The lease facility was closed swiftly, reimbursing the company for recent investments and supporting future expenditures. Wren Rex, Senior Managing Director, expressed enthusiasm for supporting the company's growth and strengthening relationships with their sponsor.
Evolution from an antecedent chronic myeloid malignancy does not impact survival outcomes in NPM1-mutated AML
The study investigates survival outcomes in NPM1-mutated acute myeloid leukemia (AML) evolving from antecedent chronic myeloid malignancies compared to de novo AML. It finds no significant difference in overall survival or leukemia-free survival between the two groups, suggesting that NPM1 mutation remains a favorable prognostic marker. The research highlights the rapid progression from chronic myeloid neoplasms to AML in patients with NPM1 mutations, supporting its recognition as an AML-defining event. The study also notes a similar mutational landscape between secondary and de novo AML, with few differences in high-risk mutations. Despite the retrospective nature and treatment variability, the findings contribute to understanding the prognostic impact of NPM1 mutations in AML.
FirstBank Announces New Chief Risk Officer, Promotes Other Leaders
FirstBank has announced the promotion of Jennifer Payne to Chief Risk Officer, recognizing her 23-year tenure and leadership in compliance and loan servicing. CEO Kevin Classen expressed confidence in Payne's ability to guide the bank's risk management and compliance efforts. The bank also promoted several other leaders, including Ryan Blake to President of Loan Servicing, Aubrey Ebbs to Cherry Creek Market President, and Adam Ingersoll to Executive Vice President in the North Metropolitan area. Additionally, Brenden Smith, Kate Liosis, Brian Dennehy, and Ryan Buerger were elevated to Managing Directors in security and IT, underscoring FirstBank's commitment to digital banking innovations and security.
Stonebriar Closes CAD$130MM (USD$95.1MM) Term Loan for Industrial and Environmental Services Provider
Stonebriar Commercial Finance has successfully closed a seven-year CAD$130MM (USD$95.1MM) term loan for a major industrial and environmental services provider. This transaction, part of a leveraged buyout, is secured by the company's fixed assets and marks the second deal with the sponsor in a year, totaling CAD$186MM. Stonebriar's leadership, including Ryan Bohlert and Nicholas Sandler, emphasized the company's commitment to providing capital solutions and confidence in the sponsor's growth potential.
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