News

B. Riley Financial entered into a definitive agreement to sell a majority ownership stake in Great American Group to funds managed by Oaktree Capital Management. This change of ownership closed on Nov. 15, 2024, to create Great American Holdings, a...

Private investment firm Turning Rock Partners sees strong momentum in the U.S. private capital markets as dovish Fed policies and easing credit conditions fuel a surge in M&A activity.

SSG Capital Advisors served as the investment banker to BIOLASE in the sale of substantially all assets to MegaGen Implant. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of...

Shepherd Ave Capital Acquisition closed its initial public offering of 8,625,000 units at a price of $10 per unit, for aggregate gross proceeds of $86.25 million. SPAC Advisory Partners acted as the sole book-running manager for the initial public offering.

Kans Capital, a Mexican private equity firm, entered a transaction worth over $30 million to acquire a majority stake in two Marriott-branded hotels. Winston & Strawn, Deloitte and others advised Kans Capital.

November commercial chapter 11 filings were 680, a decrease of 22% from the 865 filings registered in November 2023, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.

H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital, a global alternative investment firm, closed H.I.G. Bayside Loan Opportunity Fund VII. The fund closed with $1 billion of aggregate capital commitments.

iCap Enterprises and its affiliated debtors, a Seattle-based real estate investment firm that raised over $250 million and was exposed as having operated as a pre-petition Ponzi scheme, successfully emerged from Chapter 11 under a court-approved joint plan of liquidation.

Matrix Applications, a New York-based financial technology and operational service bureau for the capital markets, formed a new customer agreement with Velocity Clearing.

Asset Based Lending, a provider of private capital to real estate investors, opened a second headquarters in Cherry Hill, NJ. The new office will be home to employees in the Philadelphia and South Jersey region.