News

Archwest Capital secured a significant growth investment from Bain Capital. Bain Capital and its affiliates will acquire a controlling stake in the company, with management, led by CEO Shawn Miller, retaining a significant minority stake.

Tiger Group and Liquidity Services plan to hold a series of court-ordered online auctions related to the bankruptcy of national energy services firm El Dorado Oil & Gas (Bankruptcy Case No. 23-51715). The first two auctions in the series close...

A new survey from Grant Thornton, an audit, assurance, tax and advisory services firm, revealed that chief financial officers (CFOs) are optimistic about the U.S. economy. In fact, at 58%, this is the highest level of optimism since Q3/21.

Global law firm Clifford Chance advised LiveOak Fiber, an InfraRed Capital Partners portfolio company, in obtaining a $250 million capital expenditure facility to finance the expansion of fiber network in underserved communities in the southeast of the United States.

Sallyport Commercial Finance funded a $2 million invoice factoring facility for a distribution and storage company based in Western Canada. The company used the newly secured funds to facilitate the purchase of a new building.

KBRA UK assigned preliminary ratings to seven classes of notes issued by RRE 20 Loan Management DAC, a cash flow collateralized loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans.

A Spherical Insights report forecasts that the global online banking market size will grow from $12.87 billion in 2023 to $44.89 billion by 2033 at a compound annual growth rate (CAGR) of 13.31% during the projected period.

Modivcare refinanced all outstanding $500 million aggregate principal amount of its 5.875% senior notes due 2025 with a new $525 million term loan B, which closed on July 1, 2024. The refinancing was led by JPMorgan Chase Bank.

Sallyport Commercial Finance is celebrating its 10-year anniversary, according to a LinkedIn post from the company’s profile.

The 987 total commercial chapter 11 bankruptcies filed during the first six months of 2024 represented a 70% increase over the 582 filed during the same period in 2023, according to Epiq AACER, a provider of U.S. bankruptcy filing data.