News

Gordon Brothers, the global asset experts, in a joint venture with Hilco Consumer – Retail and Tiger Capital Group, began store closing sales at all 869 Big Lots locations.

iLearningEngines, a company in AI-powered learning and work automation, voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. The company will seek court approval to continue operating on a business-as-usual basis.

Data from the Secured Finance Network revealed generally mixed results in the asset-based lending market for Q3/24, with the portfolio performance index improving for both non-banks and banks against already historically strong levels.

The U.S. Small Business Administration has granted Small Business Lending Company licenses to four lending institutions: Cooperative Business Services, A10 Capital, Lafayette Square and Stonehenge Capital.

Xerox Holdings agreed to acquire Lexmark International from Ninestar, PAG Asia Capital and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion, inclusive of assumed liabilities.

GLM III and its affiliated investment manager GoldenTree Asset Management closed a $500 million collateralized loan obligation, arranged by a bank syndicate including Morgan Stanley as structuring lead and BofA Securities and Wells Fargo Securities as co-leads.

The Container Store Group will implement a recapitalization transaction to bolster its financial position. To effectuate the transaction, The Container Store and certain of its subsidiaries filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code.

BizEquity, a cloud-based platform that provides business valuation services, partnered with Biz2Credit, an online small business funding platform, to launch financing options through an embedded financing solution within the BizEquity platform.

Big Lots’ efforts to navigate Chapter 11 proceedings hit a significant roadblock as the planned sale to Nexus Capital Management fell through, prompting the retailer to initiate going-out-of-business sales. Meanwhile, the company continues to pursue alternative buyers in a race...

KKR's 2025 Global Macro Outlook highlights key opportunities for specialty finance and asset-based lenders, emphasizing the potential in infrastructure, real estate and capital efficiency strategies amid a shifting economic landscape. With rising U.S. productivity and a growing private sector role,...