CIT Serves as Lead Arranger on Senior Secured Credit

CIT Group Inc.¬†(NYSE:¬†CIT) today announced that its¬†Asset-Based Lending¬†business, working in conjunction with its¬†Sponsor Finance¬†group, served as lead arranger on senior secured credit facility for von Drehle Corporation, a leading maker of high quality paper towel, tissue and dispensing products. von Drehle, headquartered in¬†Hickory, North Carolina, used the proceeds to refinance debt and for general corporate purposes. “The global pandemic has increased public understanding about the importance of cleaning and sanitation, and von Drehle has the...

Fintech Startup ABC Technology Establishes International Headquarters in Singapore

Fintech startup ABC Technology today announced the establishment of its international headquarters in Singapore. The move marks the next step in the company’s drive to bring its artificial intelligence (AI)-based financial technology solutions to the global arena. The international HQ is responsible for sales and marketing, as well as spearhead the filing and registration of patents for the startup’s intellectual properties (IPs). “We picked Singapore as the base for our international operations because of its strategic location,...

Enfusion Appoints First Chief Revenue Officer To Further Amplify Global Growth

Enfusion, the leading provider of cloud-based investment management software, outsourced middle & back-office services, and data analytics, today shares the advancement of their global business with its hire of¬†Steven Bachert¬†as Chief Revenue Officer. Bachert, Enfusion’s first CRO, joins with a history of developing large, distributed teams through recruiting, building, coaching and leading over his 20+ year enterprise software career. Prior to joining Enfusion, he successfully served on executive leadership teams, including CRO at FourKites, Inc.,...

Simplicity Group Acquires Executive Brokerage Services

Simplicity Group Holdings (“Simplicity”) is pleased to announce that it has acquired Executive Brokerage Services, Inc. (“EBS”), an independent insurance distribution company founded over 35 years ago and that it welcomes Bernie Vukelich¬†and¬†Brian Lipinski¬†as its newest Principals.¬† EBS will begin its brand transition to Simplicity Pittsburgh effective immediately. “Bernie, Brian and the EBS team have built an outstanding business,” stated¬†Bruce Donaldson, Simplicity’s Chief Executive Officer. “Their expertise in fixed annuities and life insurance, combined with...

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