News

Monroe Capital closed its inaugural collateralized fund obligation (CFO) known as Monroe Capital CFO I. The $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies.

On Oct. 28, 2024, the bankruptcy court approved a structured sale process for Wrena, supplier of stamped metal products to the automotive industry, including key dates and requirements for prospective bidders. Cascade Partners is the investment bank managing the process.

Vance Street Capital partnered with the Prince Sterilization Services management team to support the company’s continued growth. The partnership supports Prince Sterilization Services’ growth in the pharmaceutical and medical device sterilization markets.

Phoenix IB, a part of J.S. Held, acted as the exclusive investment banker to Spray Products, in arranging, structuring and negotiating a $40 million loan package with Legacy Corporate Lending.

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.