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Phoenix IB Advises Spray Products in Successful $40 Million Refinancing

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PHILADELPHIA, Nov. 6, 2024 /PRNewswire/ — Phoenix IB®, a part of J.S. Held, a leading middle market special situations investment bank and independent licensed broker-dealer under federal and state securities law (CRD#: 132710/SEC#: 8-66628), acted as the exclusive investment banker to its long-term client, Spray Products Corporation, in arranging, structuring, and negotiating a $40 million loan package with Legacy Corporate Lending. 

J.S. Held subsidiary Phoenix IB closes refinancing with Legacy Corporate Lending.

“Phoenix IB is delighted with the credit package we were able to arrange for Spray Products,” noted Michael Jacoby, a Senior Managing Director at Phoenix IB. “Not surprisingly, there was a lot of interest from a variety of lenders, both regulated and non-regulated. The Legacy team spent the time to understand the Company and its business plan, and tailored a solution that fit Spray’s needs and will provide the necessary support for years to come.”

Spray Products is a leading custom contract manufacturer of aerosol and liquid consumer products. Proceeds from the financing will be utilized to refinance the Company’s existing credit facilities and fund additional working capital to finance its continued growth and capital expenditures. Peter Bastian, Executive Vice President of Spray Products LLC, shares, “We could not be more pleased with the closing of our new financing with Legacy Corporate Lending and the guidance we received throughout the transaction from Phoenix IB. The Phoenix team was able to successfully communicate our story, and through our new facility with Legacy, we are confident we have partnered with a firm that shares our values and is excited to support Spray’s next phase of growth.” 

Legacy Corporate Lending LLC, in alliance with Bain Capital Credit, L.P., specializes in providing revolving credit facilities and term loans to businesses across diverse industries. The firm aims to facilitate access to capital for companies seeking alternatives to traditional bank lending or the syndicated lending market.

“We were extremely impressed with the refinancing process that Phoenix IB led for Spray Products,” said Clark Griffith, CEO of Legacy Corporate Lending, LLC. “The professionalism and fairness shown by Steven Warsaw, Michael Jacoby, and the team was refreshing to experience and appreciated in this competitive market. Our process was easy to navigate given the quality of the information, their responsiveness to questions, and the approach they took in understanding the best borrower/lender fit.”

Doug Greer, Spray Products Chief Financial Officer, adds, “Michael Jacoby, Steven Warsaw, and their team spent considerable time to understand the intricacies of our business and worked closely with us to develop a financing structure that meets our needs for the next several years. We believe that we will continue to see the benefits of their collaboration with our business well beyond our engagement.”

Across a broad spectrum of client types, from start-ups in an early stage with exciting growth potential to a mature company amid a corporate turnaround, Phoenix IB capital raising services are designed to provide tailored financing solutions across the capital structure, particularly for clients faced with complex growth or funding situations. “At Phoenix IB, every transaction we close reflects our precision, perseverance, and partnership with our clients,” shares Phoenix IB Managing Director Steven C. Warsaw. Mr. Warsaw continues, “The robust interest in financing Spray Products created a highly competitive process, and we are very pleased to have selected the loan package provided by Legacy, which we feel is best positioned to provide needed flexibility as Spray facilitates its next chapter of growth.”

About Phoenix IB

Phoenix IB is a boutique, special situations-oriented investment bank providing seamless investment banking solutions, including M&A advisory, complex restructurings, and capital placements. Phoenix IB is a US registered broker-dealer and member of FINRA and SIPC.

As a part of J.S. Held, Phoenix works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors.

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

J.S. Held professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Media Contact

Kristi L. Stathis, J.S. Held, +1 773 294 4360, Kristi.Stathis@jsheld.com, JSHeld.com

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SOURCE Phoenix IB, a part of J.S. Held

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Conga Named a Leader in the IDC MarketScape for Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment

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Conga recognized for strengths in breadth and flexibility of its contract lifecycle management solutions

BROOMFIELD, Colo., Nov. 6, 2024 /PRNewswire-PRWeb/ — Conga, the pioneer and market leader in Revenue Lifecycle Management, today announced it has been named a Leader in the IDC MarketScape: Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment (doc# US51541124, September 2024).

We believe the recognition of Conga as a Leader in the Corporate Legal market serves as a true testament to our ongoing efforts to help businesses transform and automate contract management to gain greater visibility into contract processes.

The IDC MarketScape evaluated 11 companies in the market based on vendors’ contract lifecycle management (CLM) applications for Corporate Legal. According to the report, “Conga’s solution is focused on transforming the entire contract management function within an enterprise. Conga focuses on functionality and solves the needs of every stakeholder along the contract assembly line, especially legal.”

Other strengths of Conga’s CLM platform emphasized in the assessment include its interfaces for every horizontal and vertical, including differentiated capabilities for legal within manufacturing, biotech, financial services, and others. Conga’s integrations and large partner ecosystem provide a CLM solution that easily integrates into any technology stack and enables each user to work where they want, which was also noted as a strength, along with its customizable platform that can be tailored to any and every organization.

Conga is a decade-long leader in CLM and AI, empowering all departments to get what they need from contracting by helping customers deliver a revenue advantage, streamline operations, reduce risk, and lower supplier costs. Conga CLM provides data and insights to help organizations effectively manage their obligations, team, customers, suppliers, and contracts.

“Demands for productivity are increasing, the global business and legal environment is constantly evolving, and there is never-ending pressure to improve revenue and profit on a tight budget,” said Noel Goggin, CEO and Culture Leader at Conga. “We believe the recognition of Conga as a Leader in the Corporate Legal market serves as a true testament to our ongoing efforts to help businesses transform and automate contract management to gain greater visibility into contract processes, improve customer experience, drive faster sales cycle times, and ultimately faster time to revenue for better business outcomes.”

Conga CLM offers end-to-end functionality that delivers better contract outcomes with state-of-the-art data extraction, integrated AI models, and legal data verification services to ensure the data businesses rely on is accurate and easy to access and report on. Rather than wasting time searching through contracts to answer questions, legal teams can leverage Conga CLM’s AI Copilot functionality to quickly retrieve information about specific contracts, clauses, terms or numbers to streamline tracking and reporting and ensure commitments are met. The ability to automatically connect contract data and processes across departments breaks down internal silos, empowering everyone to work where they want and access the information they need with a user interface that integrates with any CRM, ERP, or procurement system.

Read the full IDC MarketScape: Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment. To learn more about Conga CLM, visit: https://conga.com/products/contract-management/conga-contract-lifecycle-management

About Conga

Conga, the Revenue Company, is the pioneer and market leader in Revenue Lifecycle Management. Its platform is chosen by the world’s growth champions to accelerate the end-to-end revenue lifecycle and achieve a Revenue Advantage. Conga brings Configure, Price, Quote, Contract Lifecycle Management, and Document Automation capabilities together on a single open platform that works with any ERP, any CRM, and any Cloud. Conga is born for the top line—powered by a unified revenue data model, complete revenue intelligence, and purpose-built AI—to help companies grow, protect, and expand their revenue.

Conga delivers a Revenue Advantage to over 10,000 customers and 6.4 million users around the world. More than 7 million contracts and 46 million quotes are generated annually with Conga. Founded in 2006, the company is headquartered in Broomfield, Colorado and has global operations in North America, Europe, Asia and Australia. Visit conga.com for more information.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Media Contact

Addie Reed, Conga, 1 312-766-5515, addie.reed@finnpartners.com, www.conga.com 

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SOURCE Conga

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TAILG Unveils New Product S96MAX at EICMA, with High-Efficiency Integrated Motor and Fast Charging Technology

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MILAN, Nov. 6, 2024 /CNW/ — As the world’s leading electric two-wheeler brand, TAILG launched its flagship new product S96MAX at the International Motorcycle and Accessories Exhibition (EICMA) on November 6. TAILG also showcased its new integrated motor and fast-charging technology, marking a significant breakthrough in the performance and range of electric two-wheelers.

 

Two Cutting-Edge Technologies Create a Buzz

In recent years, the global trend towards low-carbon travel and growing environmental awareness have driven rapid growth in the electric two-wheeler industry.

On November 6, TAILG invited Luca Talotta, a prominent figure in green mobility, as the product experience officer to unveil the S96MAX globally and introduce its new integrated motor and fast-charging technology.

The S96MAX is equipped with the industry’s first three-in-one integrated motor, the Star Ring Magnetic Motor. It features an axial flux motor structure that integrates the motor, transmission, and electronic control system. With an efficiency of up to 95%, it accelerates from 0 to 50 km/h in just 3.5 seconds and reaches a top speed of 120 km/h.

Comprehensive data indicates that the S96MAX achieves a peak power of 15000W. Overall range has increased by 13.5%, energy recovery efficiency by 108%, and motor size and weight have been reduced by 50%.

Another highlight of S96MAX is the Nebula Fast Charging System, the industry’s first low-voltage, high-current, high-rate charging solution. TAILG’s custom fast-charging pile can charge up to 80% in just 10 minutes, with a charging power of up to 20 kW.

It significantly improves charging efficiency and reduces costs, and can be expanded to more electric two-wheeled models in the future. In just the time it takes to have a cup of coffee, the S96MAX is ready to hit the road again.

In addition, the S96MAX is equipped with various intelligent features, including a TFT smart dashboard with multi-screen interaction, 55W wireless charging, and 1080P front and rear HD cameras. This offers a new option for users who pursue high-quality mobility.

EICMA Accelerates TAILG’s Overseas Expansion

At the exhibition, TAILG showcased 12 different models, attracting global clients for collaboration. The urban commuting and high-speed electric motorcycles with EEC certification saw strong interest for partnerships, while the off-road series Y1, Y3, and Y5 attracted much attention.

From product exports to brand expansion abroad, TAILG strategically set the goal of “recreat another TAILG overseas” in 2023. From launching the TLG brand to establishing factories abroad and participating in major global industry exhibitions, TAILG has taken significant steps toward brand globalization.

With the commissioning of Vietnam Smart Manufacturing Base and the opening of Indonesia Operations Center, TAILG has established ten smart manufacturing bases globally, with an annual production capacity exceeding 15 million units. TAILG operates seven marketing centers worldwide, exporting products to over 90 countries and regions, and leading the two-wheeler industry in quality exports.

Regarding technological innovation, TAILG has rapidly built core technology and product competitiveness with industry-leading R&D centers such as the Global E-Mobility Programme Research Institute. It has launched achievements such as sodium electric vehicles, hydrogen-powered electric vehicles, driverless technology, fast charging and battery swapping technologies.

At the exhibition, the renowned American motorcycle brand ZERO unveiled the model Neutrino, jointly developed with TAILG. TAILG is committed to leading the industry’s high-quality development through technological innovation.

As a global pioneer of long-range electric vehicles and a partner of the United Nations in electric mobility, TAILG will continue to develop new energy solutions that lead the way in global low-carbon mobility.

 

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SOURCE TAILG

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SOCMA WELCOMES SIX NEW MEMBERS IN Q4 2024

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ARLINGTON, Va., Nov. 6, 2024 /PRNewswire/ — The Society of Chemical Manufacturers & Affiliates (SOCMA) proudly announces the addition of six new members in Q4 2024, further strengthening its diverse membership base.

Manufacturer members:

Integrity BioChem: “Joining SOCMA aligns with our commitment to sustainable innovation,” said Jimmy Jett, President & CEO of Integrity BioChem, which develops and produces modified biopolymers and bio-based surfactants for the energy, mining, industrial, ag, and specialty markets using renewable and sustainable practices. “We’re excited to collaborate with fellow members to advance bio-based solutions and contribute to the domestic manufacturing resurgence.”

Kodak Specialty Chemicals: “Kodak Specialty Chemicals is excited to join SOCMA and leverage their robust network of industry leaders and innovators to grow our CDMO business,” said Jonathan Hall, Business Development Director at Kodak Specialty Chemicals. “We look to benefit from their significant resources, including industry reports, regulatory updates, and best practices, to help us remain informed and competitive in a complex, heavily regulated industry. SOCMA membership will enable us to connect with industry professionals and generate new leads and opportunities as we drive our business forward.”

West Texas Blending: “SOCMA’s longstanding reputation was a major factor in our decision to join,” noted Hugo Lozano, CEO at West Texas Blending, which offers full-service chemical blending capabilities for oil & gas, water management, and agricultural services. “Their industry presence enhances our credibility and opens doors to potential partnerships. We look forward to leveraging this membership for future growth.”

Affiliate members

Chemical South Transport: “We decided it was a no-brainer to join SOCMA,” said Nicole Evans, Vice President of Chemical South Transport, which delivers safe, reliable, and innovative solutions in the handling, transporting, and transloading of bulk liquid chemicals. “SOCMA’s network of industry professionals, advocacy efforts, and resources will not only help us stay updated on regulatory changes but also enhance our safety and operational efficiency. This partnership positions us to be more competitive and well-informed in the ever-growing chemical industry.”

Hoover CS: “We really value SOCMA’s commitment to safe and sustainable practices, fostering connections and collaboration, and sharing valuable insights and resources,” said Lana Belmokadem of Hoover CS, which provides sustainable packaging solutions through its rental fleet of reusable liquid and dry IBCs and ISO tanks, helping customers reduce plastic waste, conserve water, and lower greenhouse gas emissions. “Their industry leadership aligns perfectly with our mission to advance circularity across the supply chain.”

WAB US Corp.: “SOCMA membership allows WAB US to reinforce current connections with member manufacturers and make new connections with a broader peer network,” said Daniel Grskovic, President of WAB US Corp., which provides advanced mixing and milling technologies critical to the specialty chemical sector. “WAB supports the aims of SOCMA by offering highly customized resources, operational excellence, and commercial growth. We see ourselves as enablers, providing the processing technology tools essential to chemical manufacturing in North America.”

“These six new members exemplify the innovation and diversity driving our industry forward,” said Jennifer Abril, President & CEO of SOCMA. ” From bio-based solutions to advanced processing technologies, each brings unique value to the specialty chemical sector and to the SOCMA community. Their decision to join SOCMA highlights the critical role of collaboration in navigating today’s complex chemical landscape. We are ready to work alongside them in strengthening North American specialty chemical manufacturing.”

For membership inquiries, contact Jenny Gaines, jgaines@socma.org.

About SOCMA:
SOCMA is the only U.S.-based trade association dedicated to the specialty and fine chemicals industry. Visit https://www.socma.org.

Contact:
Nate Bell
Sr. Manager, Member Communications & Programs
571-348-5100
nbell@socma.org

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SOURCE Society of Chemical Manufacturers & Affiliates

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