News

Ares Management Corporation and Vinci Partners Investments reached an agreement to form a strategic partnership. Additionally, an affiliate of Ares will concurrently make a $100 million investment in new convertible preferred shares to be issued by Vinci.

Grant Thornton, an audit, tax and advisory firm, announced revenues of $2.4 billion for the fiscal year ending July 31, 2023. When adjusted for this divestiture, Grant Thornton's year-over-year revenues grew 11.6%, on a pro-forma basis.

LSQ entered an agreement with Infor Nexus, a global supply chain platform and division of Infor, to provide the company’s network of suppliers access to early payments through LSQ FastTrack supply chain finance program.

Small business loan approval percentages at big banks ($10 billion or more in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index.

Citi is now connected to Versana's digital data platform, enabling syndicated loans agented by Citi to be available to Versana’s growing subscriber base in real-time.

On Oct. 4, Judge Michael Warren of Oakland County Circuit Court in Michigan appointed O’Keefe, a financial and strategic advisory firm, receiver over Natrabis, an inter-related organization of cannabis companies.

A&G Real Estate Partners and Onyx Asset Advisors are conducting a receiver sale of the commercial and residential pipeline of PSW Real Estate (StoryBuilt), which is made up of 28 design-centric projects located in neighborhoods in Austin, TX; Denver; Dallas;...

USD Partners entered into an agreement with the lenders and administrative agent under its existing credit agreement to, among other things, extend the forbearance period as provided from its original expiration date of Oct. 10 to Nov. 3.

Aurora Management Partners and David Baker, a managing director at the firm, were appointed as receiver in the U.S. District Court for the Northern District of Ohio for Davenport Aid Propco, et al.

FCI, a global representative body for factoring and the financing of open account trade receivables, named Neal Harm as the successor to Peter Mulroy, the current secretary general of FCI, who will step down on Feb. 29, 2024, as previously...