on Favo Capital, Inc. (NASDAQ:FAVO)
FAVO Capital & Stewards Investment Capital Win Structured Finance Deal of the Year at Global Private Banking Innovation Awards 2024
FORT LAUDERDALE, FL / ACCESSWIRE / June 6, 2024 / Stewards Investment Capital and its strategic partner, FAVO Capital, have been recognized at the Global Private Banking Innovation Awards 2024 in the category of Structured Finance Deal of the Year. This award highlights the successful acquisition and restructuring of FAVO Capital, marking a significant milestone for both companies.
Since the restructuring in June 2023, FAVO Capital has seen substantial growth and solidified its position in the private credit market within the United States. The acquisition allowed FAVO to expand its operations and increase its market presence, offering working capital solutions to small and medium-sized businesses.
The Global Private Banking Innovation Awards are known for recognizing the most innovative products, services, and technological capabilities in the private banking sector. Stewards Investment Capital's role in the $37 million transaction was particularly noted for attracting institutional investors and significant growth in FAVO's workforce.
This accolade underscores the effective collaboration between Stewards Investment Capital and FAVO Capital, celebrating their innovative approach and significant contributions to the investment sector. FAVO's President, Shaun Quin, extended his congratulations to both teams for their groundbreaking efforts.
R. H.
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