News

The U.S. Bankruptcy Court for the District of Delaware has approved Wheel Pros’ (d/b/a Hoonigan) and certain of its North American-based affiliates’, a provider of aftermarket vehicle enhancements, plan of reorganization.

Prospect Capital (PSEC) closed $764 million of new investments during its fiscal year ended June 30, 2024, investing in 38 new and existing portfolio companies. 91% of PSEC’s originations during fiscal year 2024 were first lien, senior secured loans.

Wolters Kluwer achieved a global top 10 ranking from Chartis Research in its RiskTech100 2025 report. Ranked tenth overall, Wolters Kluwer also received category awards for liquidity risk and, for the third consecutive year, regulatory intelligence.

The 30th annual ABS East conference is poised to be the largest in the event’s history, with current registration numbers at over 5,775, surpassing last year’s total as of Oct. 14, 2024.

True Value Company, a hardlines wholesaler, entered into an agreement to sell substantially all of the company’s business operations to home improvement industry peer Do it Best. The company also, with certain of its affiliates, initiated voluntary chapter 11 proceedings.

A new survey from Grant Thornton, a brand of professionals providing end-to-end audit, assurance, tax and advisory services, revealed that, despite a substantial drop in confidence, chief financial officers (CFOs) still anticipate growth.

Gordon Brothers, the global asset experts, has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska.

SoFi Technologies, a company for digital financial services, entered a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group. The agreement is designed to expand SoFi’s capabilities in its loan platform...

Harmony Healthcare IT, a health data management and platform solutions company, acquired Trinisys, a data management company. Citizens JMP Securities served as exclusive financial advisor to Trinisys in connection with the transaction.

Nearly four out of five (78%) small and mid-sized business owners anticipate revenue growth in the next 12 months, according to Bank of America’s Women & Minority Business Owner Spotlight.