News

Pinnacle U.S. completed its acquisition of Blink Fitness’ corporate operations and a significant number of locations in New York and New Jersey for $121 million in cash plus assumption of certain liabilities. Latham & Watkins represented PureGym in the transaction.

Pemberton Asset Management and Santander Corporate & Investment Banking formed a strategic partnership to launch Invensa, a new company focused on providing large and mid-sized corporates with supply chain inventory solutions.

Independence Contract Drilling (ICD) entered into a plan of reorganization. On Dec. 2, 2024, ICD commenced a prepackaged Chapter 11 process to implement the plan in the United States Bankruptcy Court for the Southern District of Texas, Houston division.

Tiger Group and Liquidity Services are offering El Dorado Gas & Oil’s frac and drilling fleet in a bankruptcy court-sanctioned liquidation. The two-day online auction features a wide range of industrial and oilfield equipment assets.

A New York-based apparel company partnered with Republic Business Credit to secure a non-recourse factoring solution, designed to allow the company to extend payment terms to its customers without assuming additional financial risk.

The International Factoring Association (IFA) admitted payment technology company AtoB to the IFA’s Preferred Ally Membership Program.

BlackRock is nearing a deal to acquire HPS Investment Partners in a transaction valued at over $12 billion. The deal, expected to be announced this week, would bolster BlackRock’s standing in the $1.6 trillion private credit market, according to Market...

According to Bloomberg, the U.S. arm of Stoli Group filed bankruptcy. Citing court papers filed with Stoli Group’s bankruptcy petition, Bloomberg reported that Stoli Group is “experiencing financial difficulties” and is building a plan with creditors to restructure its finances.

Lilium Group sold Xcel Bulk Logistics (XBL) to the Kenan Advantage Group, a bulk logistics company in North America. Amerisource provided both debt and equity to support the growth of XBL.

EverBank, a national specialty bank serving clients across the United States, opened its Roseville financial center designed to provide consumer and commercial banking solutions to a growing base of clients in the Greater Sacramento area.