News

Leavitt Equity Partners, a healthcare focused private equity firm, closed its third fund, Leavitt Equity Partners III (LEP III), which raised more than $180 million, surpassing the investment firm’s initial target of $150 million.

Mullen Group entered into a $125 million credit agreement with PNC Bank’s Canadian branch.

Economic activity in the manufacturing sector contracted in December for the 14th consecutive month following a 28-month period of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management.

The asset-based lending market held steady in Q3/23 amid positive developments in the U.S. economy, such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network.

Small and midsize business leaders are sharing a more balanced outlook heading into 2024 while pulling back from previous predictions of a near-term recession, according to JPMorgan Chase’s 2024 Business Leaders Outlook survey.

Core Scientific, a provider of blockchain computing data centers and software solutions, pre-paid the outstanding balance on a debtor-in-possession financing package provided by B. Riley Financial, the company’s DIP lender.

Commercial Chapter 11 bankruptcy filings increased 72% to 6,569 in 2023 from the previous year’s total of 3,819, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.

Wolters Kluwer launched an expert solution aimed at helping the nearly 33 million U.S. businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act.

In a 2024 outlook report, Mitsubishi UFJ Financial Group’s U.S. macro strategy team looked at the various economic scenarios for 2024, writing that the best case is a mild U.S. recession — a bumpy landing — for next year.

Marco provided a factoring facility to Spectron Systems Technology, a Hauppauge, NY-based company that has specialized in designing and creating tilt sensors and inclinometers since 1947.