July 19, 2018
Cadwalader advised Elliott Management Corporation on its majority equity investment in Channel Partners Capital, a leading provider of small business loans. Elliott’s investment also facilitated a recapitalization with a new expandable asset-backed credit facility for Channel.
Channel is a full-service, non-bank, small business lender that delivers loans to small businesses through partnerships with equipment finance companies. Since its founding in 2009, Channel has originated over 7,000 loans generating loan receivables of over $350 million. Last year Channel was ranked among the Inc. 500/5000 fastest-growing private companies in the U.S. by Inc. magazine for the fifth straight year.
The Cadwalader team was led by Corporate partner Andy Alin and Corporate Group co-chair Richard Brand, and included Corporate special counsel Daniel Raglan and associates Timothy Ormsby, Melissa Solomon and Marianna Wonder; Executive Compensation and Employee Benefits partner David Teigman and associate Peter Bariso; Tax Group chair Linda Swartz, Tax partner Jason Schwartz and associate Kara Altman; Capital Markets partner Joseph Beach; Intellectual Property special counsel Howard Wizenfeld and associate Michael Sebba; and Bank Regulatory partner Scott Cammarn and associate Ryan Leverone.
Patrick Quinn and Ruth Merisier discuss the legal profession, working at Cadwalader, and more.
As published in Lawdragon.