News

Stonepeak opened an office in Abu Dhabi, United Arab Emirates (UAE), having received the financial services permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market to arrange and advise on investments in the UAE.

Deloitte’s Q3/24 CFO Signals survey indicates that chief financial officers (CFOs) are proceeding with caution ahead of the U.S. election, as the majority of surveyed CFOs agree the result of the election will be consequential for their organizations.

Republic Business Credit (RBC) provided a growth-orientated, $750,000 factoring facility secured by accounts receivables to increase a Southeastern-based HVAC company’s access to working capital.

AllianceBernstein, a global investment management firm, launched the AB CarVal Credit Opportunities Fund (ABAYX), an unlisted, closed-end interval fund. The fund invests in a mix of public and private credit across the U.S. and Europe.

The American Bankruptcy Institute (ABI) is now offering the opportunity to access to all of its valuable digital bankruptcy titles through digital subscription options for both individual and institutional subscribers.

Matrix Capital Markets Group sold the propane, commercial motor fuels and lubricants business of WTG Fuels, a subsidiary of West Texas Gas, to ThompsonGas.

Congressman Lucas introduced the Capital Access for Small Businesses Harmonization (CASH) Act, which will establish clear disclosures of key terms that factors can provide to small businesses at the time of establishment of the factoring facility.

Axxes Capital launched the Axxes Private Markets Fund, a registered interval fund that seeks to provide accredited investors with a portfolio of direct access co-investments and secondaries through a vehicle that can be purchased on a daily basis.

Advantage Business Capital approved and funded a $4 million invoice factoring participation for a California-based electronics manufacturer. This participation is non-lead and will allow the overall credit facility for the client to grow.

Tupperware, a global brand, and certain of its subsidiaries have voluntarily initiated chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware.