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Week's News

Janus Henderson Group, a leading global active asset manager, has entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors, LLC (“VPC”), a global private credit manager with a nearly two decade-long track... Read Story

Filed Under: Industry News
August 13, 2024 @ 08:00 AM

KeyCorp has reached an agreement under which The Bank of Nova Scotia (Scotiabank) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9 percent pro forma common stock ownership, for a... Read Story

Filed Under: Banking News
August 13, 2024 @ 07:59 AM

According to an August 12, 2024 Bloomberg report by David Voreacos, B. Riley Financial Inc. is struggling to value its assets after months of concern about flawed accounting and a federal investigation culminated in a 52% one-day plunge.According to... Read Story

Filed Under:
August 13, 2024 @ 07:59 AM

Blink Fitness announced that the Company has made the strategic decision to execute an efficient and value-maximizing sale process to optimize its footprint and position the business for long-term success. To facilitate the sale process, Blink has... Read Story

Filed Under: Bankruptcy
August 13, 2024 @ 07:56 AM

Oxford Finance closed a $47 million senior credit facility to Creative Solutions in Healthcare, Inc. Funds drawn at closing were used to finance the acquisition of two skilled nursing facilities in Texas, totaling 228 beds. Additionally, the credit... Read Story

Filed Under: Nursing Facilities
August 13, 2024 @ 07:50 AM

Goetz Fitzpatrick inducted Adam H. Koblenz, Esq., into the partnership, marking a significant expansion in expertise and leadership within the firm. Koblenz transitions from Sahn Ward Braff Koblenz Coschignano PLLC, where his role as a named partner... Read Story

August 13, 2024 @ 07:08 AM

When a renowned beverage manufacturing company found itself with insufficient working capital from its lender, it partnered with Republic Business Credit to expand its access to flexible working capital.Republic was introduced by a middle market... Read Story

August 13, 2024 @ 07:00 AM

Inc. revealed that eCapital Corp ranks number 1968 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s... Read Story

Filed Under: Industry News
August 13, 2024 @ 06:00 AM

MidCap Business Credit closed on a $5,000,000 asset-based credit facility for Premier Engineered Products, a portfolio company of Colfax Creek.  Through its operating subsidiary, Appalachian Cast Products, the company produces superior die cast parts... Read Story

Filed Under: Manufacturing
August 12, 2024 @ 05:24 PM

As part of its continuing study of Subchapter V of the Bankruptcy Code, ABI launched a website for professionals to share their experiences about the real-world impact of Subchapter V in helping small businesses reorganize and helping their creditors... Read Story

Filed Under: Bankruptcy
August 12, 2024 @ 05:15 PM