News

Pear Therapeutics, a company focused on developing and commercializing software-based medicines called prescription digital therapeutics, voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code.

Regions Bank launched the Birmingham Black-Owned Business initiative, led by Kendra Key, who recently joined the bank as senior vice president in its community affairs division. The initiative is designed to support more Black-owned businesses in Birmingham, AL, where Regions...

Virgin Orbit Holdings and its U.S. subsidiaries, a responsive space launch provider, commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in the District of Delaware in order to effectuate a...

Gordon Brothers, a global advisory and investment firm, will sell retail leases and operate going-out-of-business sales at all 39 retail store locations of Esco, operating as Shoe City, throughout Maryland, Virginia and Washington, D.C.

SSG Capital Advisors acted as the investment banker to Nova Wildcat Shur-Line Holdings and subsidiaries in the sale of substantially all assets to a joint venture between Gordon Brothers Commercial & Industrial and Nations Capital.

Ocean Bank’s factoring division closed and funded a $5 million factoring facility for a distributor of recycled paper and cardboard.

B. Riley Financial, a provider of business advisory and financial services, earned top honors during The M&A Advisor 17th Annual Turnaround Awards Gala held on March 22, 2023 at The Colony Hotel in Palm Beach, FL.

The U.S. Bankruptcy Court for the Southern District of New York has confirmed Revlon’s plan of reorganization. The plan positions Revlon to emerge from bankruptcy in late April, consistent with the timeline announced at the beginning of the restructuring.

According to data provided by Epiq Bankruptcy, new bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third month in a row.

Truist completed its previously announced sale of a 20% stake in Truist Insurance Holdings, a subsidiary of Truist, to funds managed by Stone Point Capital, a private equity firm focused on the global financial services industry, for $1.95 billion, representing...