News

Winston & Strawn represented SPAC Advisory Partners, a division of Kingswood Capital Partners, as underwriters’ counsel, in connection with GSR III Acquisition, a blank check company, in the closing of its initial public offering.

First Business Bank’s accounts receivable financing implemented robotic automation, nicknamed “Astro,” powered by AI. The company plans to expand its implementation across multiple factoring operations in the future.

Global private equity and venture capital transaction value rose 65.8% to $63.28 billion in October, compared to $38.16 billion in the same period in 2023, according to new S&P Global Market Intelligence data and analysis.

SVB Financial Group’s chapter 11 plan of reorganization has become effective. On Aug. 2, 2024, the United States Bankruptcy Court for the Southern District of New York entered an order confirming the company’s chapter 11 plan of reorganization.

iHeartMedia and certain of its subsidiaries signed a transaction support agreement that covers approximately 80% of iHeartCommunications’ existing debt, which includes senior secured notes due between 2026 and 2028, as well as other outstanding term loans.

Garnet Capital Advisors, a loan sale advisor, sold a $54 million C&I loan portfolio on behalf of a commercial U.S. financial holding company. The portfolio was comprised of approximately 200 relationships with mixed payment performance and collateral types.

The Hedaya Capital Group recently provided a $750,000 factoring facility to an established staffing company based in New Jersey but operating nationwide. Hedaya’s facility is designed to enable the company to continue to grow in an uninterrupted manner.

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.