January 21, 2021

Palm Tree LLC Closes Three Financing Transactions in December

LOS ANGELES, January 21, 2021 – Palm Tree LLC, a consulting and advisory firm, is pleased to announce that its wholly-owned broker-dealer subsidiary, Palm Tree Securities LLC, successfully closed three financings during the month of December. Two facilities refinanced existing debt and allowed for growth capital, and a third transaction provided a sponsor-backed portfolio company with liquidity for add-on acquisitions.

“Within weeks of obtaining our FINRA membership, we were able to close all three of these transactions,” said Stephen Rossi, Managing Director of Palm Tree and head of its Capital Markets Group. “With the challenges of 2020, it was a remarkable feat and puts the firm in a great position as we enter 2021.”

Palm Tree LLC announced its capital markets and special situations advisory in March of 2020, then announced its investment banking capabilities offered through its own registered broker-dealer in December. The broker-dealer license completes the comprehensive suite of services that Palm Tree offers its private equity and business clients, enabling the firm to operate across the full continuum of transactions, transitions, and transformations.

“We navigated the headwinds of 2020 and closed the year on a very positive note,” said Pardis Nasseri, Founder, Managing Director, and President of Palm Tree. “The focus, determination, and dedication of our team make us optimistic about 2021 and the many opportunities ahead.”

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