SPECIALTY LENDING, TURNAROUND MANAGEMENT & INTERNATIONAL

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SPECIALTY LENDING

Rosenthal Provides $500K P/O Facility to Children’s Footwear Importer

Rosenthal & Rosenthal completed a $500,000 inventory production finance deal for a children’s footwear importer. Having previously partnered with Rosenthal, the company’s third-party factor brought in Rosenthal to provide a $500,000 purchase order finance facility so the client could obtain goods from multiple overseas suppliers.

TURNAROUND MANAGEMENT

SierraConstellation Taps Karampelas to Head Houston Office

Turnaround firm SierraConstellation Partners has appointed Basil Karampelas as head of the firm’s Houston office. Before joining SCP earlier this year, Karampelas spent nearly three decades in a variety of senior financial, operational and advisory roles.

INTERNATIONAL

Wesleyan Provides $19MM Facility to DND Finance

Wesleyan Bank provided a £15 million ($19 million) asset finance facility to DND Finance. The facility expands on the operating professions loan facility DND signed with Wesleyan Bank last year.