News

Sunlight Financial, a point-of-sale finance company, completed its restructuring process and emerged from Chapter 11 bankruptcy. In addition, Sunlight Financial’s acquisition by a consortium of investors and its secured lender, Cross River Bank, is also now complete.

Air Methods, an air medical service provider in the U.S., announced the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s prepackaged plan of reorganization. Air Methods expects to emerge from Chapter 11 bankruptcy before the end...

Wells Fargo Investment Institute released its 2024 outlook, offerings its ideas for investors to consider in the new year. The institute believes the 2024 economic story could be a tale of two halves for fixed income and equities.

Gordon Brothers facilitated Soft Surroundings’ going concern sale to Coldwater Creek through the U.S. women’s clothing and accessories retailer’s filing of Chapter 11 bankruptcy in September.

Revitalization Partners completed the sale of a south Seattle medical clinic it has operated as court-appointed receiver since May. The order formalizing the sale, assumption and assignment of all assets was approved on Nov. 9.

Crown Partners, an investment bank focused exclusively on middle-market asset-based finance, arranged a new credit facility for Fundfi Merchant Funding, providing committed capital for the company to fund the growth of its portfolio.

The bankruptcy filing by WeWork in November propelled November commercial Chapter 11 filings to 842, an increase of 141% compared with the 349 filings registered in November 2022, according to data provided by Epiq Bankruptcy.

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation, plans to market for sale an additional tranche of neighborhood pharmacy leases, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.

North American glass recycling company Strategic Materials filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also secured new money commitments of $23...

Ares Management, a global alternative investment manager, raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX, general partner commitments and affiliated vehicles.