News

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...

Republic Business Credit provided a $5 million factoring facility to for a Midwest supplier of pipes, valves and oil transmission products and services.

Monitor has extended the deadline for early bird registration for Converge, the equipment finance industry leading publication’s two-day 50th anniversary event, to 11:59 p.m. EST on April 3.

Kroll, an independent provider of global risk and financial advisory solutions, opened a new office in Johannesburg, delivering its international restructuring expertise to South Africa. The Johannesburg office will be led by Stefan Smyth, managing director of restructuring at Kroll.