News

PREIT, a real estate investment trust, received commitments for $135 million in debtor-in-possession and exit revolver financing from a group of investors, led by Redwood Capital Management and Nut Tree Capital Management, as part of its reorganization plan.

Near Intelligence, a privacy-led data intelligence company, and certain of its subsidiaries  voluntarily initiated Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware and will seek to sell its assets through a court supervised sales process.

The RSM US Middle Market Business Index (MMBI), presented by RSM US in partnership with the U.S. Chamber of Commerce, increased to 132.9 in Q4/23 from 129.6 in Q3/23 on a seasonally adjusted basis.

Marco provided a $1.25 million factoring facility to The Mobile Repair Team, a specialist aviation company that focuses on the structural repairs of corporate aircraft.

Troika Media Group, a consumer engagement and customer acquisition group, entered into a restructuring support agreement with Blue Torch Finance pursuant to which Blue Torch will acquire substantially all of the assets of the company via a stalking horse credit...

Carl Marks Advisors received the Professional Services Deal of the Year award for the mid-market category at the 22nd Annual M&A Advisor Awards for its work on behalf of architecture and design firm EYP Group Holdings in its sale to...

SSG Capital Advisors served as the investment banker to a commercial bakery in the company’s recapitalization. The transaction provided additional liquidity to support growth and strategic initiatives and closed in November.

Sunlight Financial, a point-of-sale finance company, completed its restructuring process and emerged from Chapter 11 bankruptcy. In addition, Sunlight Financial’s acquisition by a consortium of investors and its secured lender, Cross River Bank, is also now complete.

Air Methods, an air medical service provider in the U.S., announced the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s prepackaged plan of reorganization. Air Methods expects to emerge from Chapter 11 bankruptcy before the end...

Wells Fargo Investment Institute released its 2024 outlook, offerings its ideas for investors to consider in the new year. The institute believes the 2024 economic story could be a tale of two halves for fixed income and equities.