News

Global law firm Clifford Chance has advised TRP Energy in its exchange transaction with Diamondback Energy in which it traded 15,000 net acres in the Midland basin for approximately 33,000 net acres in the Delaware basin and $238 million in...

Total bankruptcy filings were 47,104 in October 2024, a 16% increase from the October 2023 total of 40,674, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.

NewVest, a private markets index manager, raised $180 million for the second vintage of its private equity index fund, a 30% increase over its predecessor fund. NewVest’s firmwide AUM is now $430 million.

B. Riley Securities, a middle market investment bank and subsidiary of B. Riley Financial, acted as the sole placement agent to Cadiz, a California water solutions company, in the $23 million direct offering of its common stock.

Crown Electrokinetics, a provider of technology solutions, suspended the use of its equity line of credit agreement with Liqueous. Use of the ELOC is at the company’s sole discretion, and the company has the flexibility to reinstate it as conditions...

Haynes Boone represented Micropac Industries, a designer and manufacturer of components for military, aerospace and commercial applications, in its take-private sale to Teledyne Technologies.

Funds managed by Ares Management’s credit group closed approximately $12.3 billion in U.S. direct lending commitments during Q3/24 and approximately $44.5 billion in direct lending commitments in the 12 months ended Sept. 30, 2024.

Gunvor Group closed its inaugural U.S. Private Placement, totaling $378.5 million of senior unsecured notes with U.S. institutional investors placed under Section 4(a)(2) of the Securities Act. Societe Generale and MUFG acted as joint placement agents for the transaction.

After agreeing to provide $875 million in term loan financing for the acquisition of FitCrunch, a protein bar brand, Deutsche Bank and other banks Deutsche led in the transaction, had to fund a portion of the financing, according to people...

Digital Media Solutions, following a competitive auction process, received approval from the U.S. Bankruptcy Court for the Southern District of Texas for the sale of substantially all of the assets of the company’s core business to its existing lenders.