News

Garnet Capital Advisors, a loan sale advisor, sold a $54 million C&I loan portfolio on behalf of a commercial U.S. financial holding company. The portfolio was comprised of approximately 200 relationships with mixed payment performance and collateral types.

The Hedaya Capital Group recently provided a $750,000 factoring facility to an established staffing company based in New Jersey but operating nationwide. Hedaya’s facility is designed to enable the company to continue to grow in an uninterrupted manner.

Monroe Capital closed its inaugural collateralized fund obligation (CFO) known as Monroe Capital CFO I. The $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies.

On Oct. 28, 2024, the bankruptcy court approved a structured sale process for Wrena, supplier of stamped metal products to the automotive industry, including key dates and requirements for prospective bidders. Cascade Partners is the investment bank managing the process.

Vance Street Capital partnered with the Prince Sterilization Services management team to support the company’s continued growth. The partnership supports Prince Sterilization Services’ growth in the pharmaceutical and medical device sterilization markets.

Phoenix IB, a part of J.S. Held, acted as the exclusive investment banker to Spray Products, in arranging, structuring and negotiating a $40 million loan package with Legacy Corporate Lending.

Global law firm Clifford Chance has advised TRP Energy in its exchange transaction with Diamondback Energy in which it traded 15,000 net acres in the Midland basin for approximately 33,000 net acres in the Delaware basin and $238 million in...

Total bankruptcy filings were 47,104 in October 2024, a 16% increase from the October 2023 total of 40,674, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.

NewVest, a private markets index manager, raised $180 million for the second vintage of its private equity index fund, a 30% increase over its predecessor fund. NewVest’s firmwide AUM is now $430 million.

B. Riley Securities, a middle market investment bank and subsidiary of B. Riley Financial, acted as the sole placement agent to Cadiz, a California water solutions company, in the $23 million direct offering of its common stock.