Category: Bankruptcy Updates

Versa Affiliate Finalizes Acquisition of United Retail Assets

An affiliate of Versa Capital Management completed its acquisition of the assets of United Retail Group (URG). With the completion of the sale, the new company, Avenue Stores, has acquired all the assets of URG. Avenue Stores has financing with capital from Versa’s $650 million fund and a $50 million credit facility led by Wells Fargo.