News

Bloomberg reported that Citigroup named Shane Azzara the successor to Shapleigh Smith as head of asset-based and transitional finance. According to Bloomberg, Smith will retire in May.

CohnReznick established a new digital advisory practice, which will aim to help businesses navigate technology- and data-related opportunities and leverage digital innovation to streamline operations, manage cost and risk, and accelerate growth. Shawn Gilronan, a principal of CohnReznick, will lead...

The resilience of the asset-based lending market continued in Q4/23, with lenders holding on to positive sentiment against the backdrop of an uneven economy while closely watching portfolios in 2024, according to data released by the Secured Finance Network.

SSG Capital Advisors served as the investment banker to the Chapter 7 trustee of ContraFect Corporation in the sale of substantially all intellectual property assets to Aurobac Therapeutics. The transaction closed through a Section 363 sale process.

Hilco Corporate Finance served as sell-side investment banking advisor to Kataman Metals on its sales to Pedalpoint Holdings, the U.S. subsidiary of Korea Zinc, a lead and zinc smelter.

Finastra launched a small business data collection module designed to help banks comply with the Equal Credit Opportunity Act small business data collection requirements mandated by Section 1071 of the Dodd-Frank Act.

Middle-market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of Q1/24, with the same companies growing revenue by 5% during the same period.

Law firm Seward & Kissel formalized its private credit group to handle work within the rapidly expanding private credit asset class, which is now valued at $1.6 trillion, according to the firm. The new practice will reside within Seward & Kissel’s...

The U.S. Bureau of Labor Statistics reported that total nonfarm employment in March increased by 303,000, with the unemployment rate remaining flat at 3.8% and the healthcare, government, leisure and hospitality, and construction sectors experiencing the most notable job gains.

Hilco Streambank is overseeing the Chapter 11 sale of Action Face, a technology company that has developed an AI-powered platform to create instant 3D avatars and action figures of users for use in virtual and augmented realities.