News

A new survey from Grant Thornton shows that professionals in the mergers and acquisitions (M&A) space are predicting an increase in deal volume, even with the uncertainty of the looming U.S. presidential election.

Sound Point Capital Management, a global alternative credit manager with more than $45 billion in assets under management, closed Sound Point U.S. Direct Lending Fund III, its largest direct lending fund to date, with $1.2 billion of total investable capital.

Versana closed a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also participated in...

SSG Capital Advisors served as the investment banker to Eiger BioPharmaceuticals in the sale of Lonafarnib and Lambda, and associated clinical assets, to Eiger InnoTherapeutics. The sale was effectuated through a chapter 11 section 363 process.

Big Lots received interim court approval for certain “first day’ motions related to the company’s voluntary chapter 11 proceedings. Among other relief, the court granted interim approval for the company to immediately access a portion of its $707.5 million post-petition...

B. Riley Financial, a diversified financial services platform, provided an update on proposed strategic and financing initiatives intended to enhance shareholder value by accelerating debt repayment.

Palmer Square Capital Management, a credit-focused alternative asset management firm founded in 2009 with over $32 billion in assets under management, is launching two exchange traded funds (ETFs).

Babylon Asset Management, a private credit firm for U.S.-based businesses, has successfully closed 31 transactions in its first 12 months, securing over $19.7 million in funded or committed capital.

Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, closed its debut collateralized loan obligation (CLO), Comvest 2024-1 CLO, at $500 million.

Mitsubishi HC Capital America entered a strategic relationship with the Seismic Group and PulPac. The arrangement allows the companies to focus their efforts on reducing plastic pollution by promoting the use of patented processes to create paper packaging.