News

CB&S Bank recently established a new loan production office in Kennesaw, Georgia. CB&S Business Capital, a division of CB&S, will be focused on asset-based lending throughout the southern United States.

Global M&A activity has been mixed this year, according to Boston Consulting Group. Although there are signs of a strengthening market, M&A’s recovery will be far from smooth. Many dealmakers remain wary of regulatory bottlenecks and political and macroeconomic uncertainty.

B. Riley Securities served as exclusive financial advisor to Bit Digital in the acquisition of Enovum Data Centers for a total consideration of approximately $46 million.

Matrix Capital Markets Group, an independent investment bank, advised on the sale of Dana Safety Supply to AEA Investors. Prior to the sale, DSS was a wholly-owned subsidiary of Scott McRae Automotive Group.

Apollo closed Apollo Origination Partnership Fund II (AOP II) with approximately $4.8 billion of investable assets. This brings total assets raised for the Apollo large cap direct lending business to approximately $13.3 billion in just over 12 months.

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.