News

BNP Paribas Factoring is set to consolidate its pan-European and North African factoring operations onto the Lendscape receivables finance platform. The move will enable the bank to optimise customer and employee experiences, support its growth strategy.

SSG Capital Advisors served as the investment banker to Contract Pharmaceuticals Limited Canada and its affiliates (CPL) in its restructuring and sale to Aterian Investment Partners via a reverse vesting order (RVO).

A live webcast auction on June 26 features the Phoenix plant of manufacturer Zummit Plastics. The sale of the closed, 85,000-square-foot manufacturing facility is available to both turnkey buyers and those interested in acquiring assets individually.

The First Circuit ruled that bondholders of the Puerto Rico Electric Power Authority (PREPA), including Dechert, GoldenTree Asset Management and Assured Guaranty, have a claim for over $8.5 billion and valid liens on the revenue of utility, reversing the lower...

Umpqua Bank, a subsidiary of Columbia Banking System, released the findings of its annual Business Barometer, an in-depth study into the mood, mindset and strategic priorities of small and middle market businesses across the United States.

Goetz Fitzpatrick and Platzer, Swergold, Goldberg, Katz, and Jaslow are merging to become Goetz Platzer. The merger, effective January 1, 2025, will double the size of both firms. Integration will commence in Q3/24.

Deloitte released its Q2/24 CFO survey, finding that most CFOs are presently averse to risk, identify Generative AI at the top internal concern and identify economy, geopolitics and cybersecurity as the top external concerns.

MidOcean Partners, a New York-based alternative asset manager, closed its third opportunistic credit fund, MidOcean Tactical Credit Fund III and related separately managed accounts, with commitments totaling $765 million.

Matrix Capital Markets, an independent investment bank, advised Land O’Sun Management d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development and its affiliates d/b/a Anabi/Rebel.

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated.