News

B. Riley Advisory Services, a provider of specialty business advisory services, expanded its appraisal and valuation services with the addition of a dedicated field examination practice. Thomas Scotti will lead the new practice as managing director.

Tuesday Morning is pursuing a financial and operational reorganization to enable the company to reduce its outstanding liabilities, obtain significant and necessary capital and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner.

CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to retailers.

Subway, one of the world's largest restaurant brands, is exploring a possible sale of the company. There is no indication of timing or assurance that a sale will occur. J.P. Morgan is advising the company and will conduct the sale...

Hyland Hill Investment Partners, an alternative credit investment firm focused on acquiring small balance private loans in North America, closed its inaugural $250 million fund, Hyland Hill Fund I.

Baker Hill expanded its partnership with Union Bank of Vermont and New Hampshire. The bank has upgraded to Baker Hill NextGen, a unified solution that streamlines loan origination and portfolio monitoring.

Mitsubishi HC Capital will integrate Mitsubishi HC Capital America, Mitsubishi HC Capital (USA) and ENGS Commercial Finance, its three group companies in the United States, on April 1.

Pemberton, an alternative credit specialist, has raised $1 billion for its working capital finance (WCF) strategy. The WCF strategy invests in receivables, payables and inventory financings for large and mid-market companies in both the U.S. and in Europe through an...

First Business Bank earned a 2023 Top Workplaces USA award, issued by Energage. The Top Workplaces USA program celebrates organizations with 150 or more employees based on 15 culture drivers critical to success.

The Lion Electric Company, a manufacturer of all-electric medium- and heavy-duty vehicles, entered into an agreement with Mitsubishi HC Capital Canada and ENGS Commercial Finance to provide financing solutions to Lion Electric school bus and truck customers.