News

KKR, a global investment firm, closed KKR Ascendant Fund SCSP, a $4.6 billion fund dedicated to investing in middle-market businesses in North America. The fund will target established companies with strong growth potential across seven industry verticals.

Major private equity firms are increasing their focus on the middle market due to a surplus of unsold companies, according to Pitchbook.

Vertex Energy, a specialty refiner and marketer of refined products, entered into a restructuring support agreement (RSA). To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the company commenced chapter 11 cases.

Several teams from CohnReznick’s restructuring and dispute resolution practice were recognized by Global M&A Network with three awards at its 16th Annual Turnaround Atlas Awards Gala.

Wrena, a full-service automotive supplier of stamped structural, tubular components, assemblies and fine blank components, has voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan to pursue a sale of the...

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, closed a $300 million second lien term loan facility issued by portfolio company Milk Specialties Global. GoldenTree Asset Management provided the second lien term loans for the transaction.

Clifford Chance has advised Mexico-based Gonher Music Center on its acquisition, through newly-formed U.S. affiliates, of storied U.S. music retailer Sam Ash.

Latham & Watkins has advised the banks on Halyk Bank of Kazakhstan’s successful signing of its $300 million syndicated term loan, comprising one-year and three-year tenor tranches.

Novo Advisors teamed up with TMA Tennessee and Holland & Knight to offer a panel on artificial intelligence in healthcare. Kevin Neuman, principal and healthcare practice leader of Novo, will moderate the discussion.

The White House selected Monroe Capital to develop an investment strategy focused on supporting businesses operating in the U.S. automotive supply chain.