News

According to Alvarez & Marsal’s 2023/2024 Executive Change in Control Report, average change in control payments remains substantial, averaging approximately $22.9 million for CEOs and approximately $7.3 million for CFOs.

Phoenix Management’s Q3/23 Lending Climate in America survey revealed increased optimism in the economy despite some contradicting underlying factors.

SSG Capital Advisors served as the investment banker to Soft Surroundings Holdings in the sale of substantially all of its assets to an affiliate of Coldwater Creek and an affiliate of Gordon Brothers Group.

First Citizens Bank’s energy finance business acted as co-lead arranger on $250 million in financing on behalf of a portfolio of 327MW, one-hour duration battery storage projects developed in California by Middle River Power.

Michael H. Theodore and Shawn M. Masterson, attorneys at law firm Cohn & Dussi, were recognized by Super Lawyers for 2023, while Andrew B. Glaab, an associate at the firm, was selected to the 2023 Rising Stars list.

An entity affiliated with Centre Lane Partners completed the acquisition of the appliances division of Instant Brands, which filed for Chapter 11 bankruptcy protection in June. MidCap Financial provided financing to support the transaction.

Sheila Smith, senior advisor at Gordon Brothers and a long-time member of the financial advisory and turnaround and restructuring industries, passed away on Saturday following a decade-long battle with pancreatic cancer.

Culain Capital Funding provided a $5 million accounts receivable factoring facility to a Texas-based warehousing/fulfillment business with several locations across the U.S.

Sallyport Commercial Finance provided a $1.5 million factoring facility to enable a Canadian baked goods manufacturer to get its products into more major chains across the U.S. and Canada.

Breakout Finance unveiled a new brand identity, including a new website, reflecting its redefined strategy focused on delivering a suite of specialized lending products to address the challenges of its small business clients throughout the U.S.