News

According to Epiq, there were 309 new Chapter 11 Chapter 11 commercial filings, including Subchapter V filings, in December, a sharp increase of 56.1% compared with November, which had 198 Chapter 11 filings.

The SEC charged Medallion Financial and its president and chief operating officer, Andrew Murstein of New York, with illegally engaging in two schemes in an effort to reverse the company’s plummeting stock price.

Philippine Airlines emerged from its voluntary Chapter 11 proceedings, completing its financial restructuring within four months. Philippine Airlines’ plan of reorganization provides for more than $2 billion in permanent balance sheet reductions from existing creditors.

Matrix Capital Markets Group provided merger and acquisition advisory services to Slidell Oil Company on its sale to Circle K Stores.

SSG Capital Advisors acted as the investment banker to Cover FX Skin Care in the sale of substantially all of its assets to AS Beauty Group. The transaction closed in December 2021.

Siena Lending Group has donated to multiple food pantries and soup kitchens across the United States in 2021, providing more than 220,00 meals to individuals and families who are food insecure.

Matrix Capital Markets Group provided merger and acquisition advisory services to ICAT Logistics for its sale to an investment group led by KCM Capital Partners, Lightspring Capital Partners and Midwest Mezzanine Funds.

Funds managed by Oaktree Capital Management, a global investment manager specializing in alternative investments, acquired Velocity Risk Underwriters, a catastrophe-focused property and specialty insurance risk managing general agent.

Harris Williams, an investment bank specializing in M&A advisory services, advised TTG Imaging Solutions, a portfolio company of Chartwell Investments Entrepreneur & Founder Capital, on its sale to Sentinel Capital Partners.

Harris Williams, a global investment bank specializing in M&A advisory services, advised WhiteWater Express Carwash, a portfolio company of SkyKnight Capital, on its recapitalization by Freeman Spogli.