News

Bloomberg explores the question: Is the Fed’s interest rate cut coming too late to avoid a recession?

Datassential, a global food and beverage intelligence platform, secured strategic investment from investment firms New Mountain Capital and Endicott Capital.

BlackRock expects to close its previously announced acquisition of Global Infrastructure Partners (GIP) on Oct. 1, 2024, subject to regulatory approvals and other customary closing conditions.

2U, a global company in online education, has successfully completed its financial restructuring and emerged from chapter 11 as a privately held entity. Latham & Watkins represents 2U in the matter with a restructuring and special situations team.

nFusion Capital provided an $8 million factoring line for a mug and baby bottle distributor that, while preparing itself for a sale, needed short-term financing to clean up its balance sheet and provide working capital.

Commercial Finance Partners (CFP) funded four new factoring facilities.

First Trust Advisors finalized the timing of the closing of the reorganization First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund.

Summit Park recapitalized Thrust Flight, a provider of professional flight training services, in partnership with founder and CEO Patrick Arnzen, management and AltitudeX Aviation. The transaction marks Summit Park’s fifth platform investment in its fourth fund, Summit Park IV.

Doral Renewables, a U.S. developer, owner and operator of renewable energy and storage projects, closed a $400 million minority equity investment by Dutch pension APG on behalf of Dutch pension fund ABP.

Equipment from Strauss Brands’ Franklin plant is available in an online auction by Tiger Group and Barliant Auctions. The timed auction of excess assets closes on Thursday, Sept. 26, at 10 a.m. CST. Bidding opens on Friday, September 20, at...