News

B. Riley Securities, a middle-market investment bank and subsidiary of B. Riley Financial, served as exclusive financial advisor to ProSmile Holdings, a dental service organization (DSO) in the Mid-Atlantic region, on its debt financing from BankUnited.

Hornblower Group, a provider of travel transportation experiences, initiated a pre-arranged process under Chapter 11 of the U.S. Bankruptcy Code. In connection with the bankruptcy process, Deutsche Bank committed to provide $300 million in DIP financing to Hornblower.

Gordon Brothers committed new capital to support KidKraft’s liquidity and continued exploration of strategic alternatives. The U.S. wholesaler of outdoor and indoor children’s playsets will continue to service its supply chain partners as it evaluates alternatives.

GemCap, a Texas-based provider of revolving credit facilities, term loans and factoring facilities for small and medium-sized businesses across the U.S. and Canada, chose FGI Worldwide’s T.R.U.S.T. platform as a risk mitigation solution for client credit insurance policies.

Republic Business Credit provided a non-borrowing, traditional factoring facility to a California-based fabric manufacturer that sought a factoring partner that could fully approve its customers. The facility from Republic Business Credit helped reduce the company’s payment risk.

According to a report from Bain & Company, wholesale bank revenue growth rates could drop to a CAGR of 2% by 2025. To address this imminent crunch, Bain & Company urges wholesale banks to seize new sources of growth, including...

The U.S. Bankruptcy Court for the Southern District of Texas approved radio content and entertainment company Audacy’s plan of reorganization. Audacy expects to emerge from the Chapter 11 bankruptcy process after obtaining approval from the FCC.

SSG Capital Advisors served as investment banker to Infinity Pharmaceuticals in the sale of substantially all its assets to a healthcare investment firm. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for...

Energetic Services, a provider of transportation, environmental and related services to the oil and gas sector across Alberta and British Columbia, transitioned to a bank following three years of collaboration with Accord Financial, which provided the company with a $13...

EisnerAmper, a global accounting, tax and business advisory firm, was recognized by USA Today as both a “Most Recommended Tax Firm” and a “Most Recommended Accounting Firm.”