News

Revitalization Partners completed the sale of a south Seattle medical clinic it has operated as court-appointed receiver since May. The order formalizing the sale, assumption and assignment of all assets was approved on Nov. 9.

Crown Partners, an investment bank focused exclusively on middle-market asset-based finance, arranged a new credit facility for Fundfi Merchant Funding, providing committed capital for the company to fund the growth of its portfolio.

The bankruptcy filing by WeWork in November propelled November commercial Chapter 11 filings to 842, an increase of 141% compared with the 349 filings registered in November 2022, according to data provided by Epiq Bankruptcy.

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation, plans to market for sale an additional tranche of neighborhood pharmacy leases, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.

North American glass recycling company Strategic Materials filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also secured new money commitments of $23...

Ares Management, a global alternative investment manager, raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX, general partner commitments and affiliated vehicles.

Investment firm Carlyle implemented financial technology company Broadridge Financial Solutions' cloud-based solution, Sentry, in support of its private credit and collateralized loan obligation (CLO) portfolio management.

Charvi Gupta, a director at Getzler Henrich & Associates, was honored as one of the American Bankruptcy Institute’s 40 Under 40 Emerging Leaders in Insolvency Practice for 2023.

B. Riley Securities served as sell-side M&A advisor to Heart & Vascular Center of Arizona, an independent cardiovascular physician practice, in connection with its sale to Cardiovascular Associates of America.

Cicada Partners, a credit risk management company, and Atlendis Labs, a private credit financial technology company, jointly announced a strategic and exclusive partnership to launch short-duration private credit opportunities, with an initial focus on asset-backed lines of credit.