News

ViewRay and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Nassau Financial Group formed Nassau Global Credit, which combines Angel Island Capital Management and Nassau Corporate Credit. NGC will be a subsidiary of Nassau’s asset management segment, Nassau Asset Management.

QualTek Services, an infrastructure services provider, emerged from Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas following the confirmation of its plan of reorganization on June 30.

According to JPMorgan Chase’s 2023 Midyear Business Leaders Outlook survey, 45% of business leaders anticipate a recession before year-end or believe the economy is already in one, down from 65% six months ago.

The U.S. Bankruptcy Court in the Southern District of Texas has confirmed Diebold Nixdorf’s plan of reorganization related to its comprehensive debt restructuring.

Ivan Bagaliyski, director of go-to-market strategy at Solifi, received the highly commended mention in the Rising Star category at the Asset Finance Connect Summer Awards 2023.

Bowmark Capital, a middle-market private equity firm, made a significant investment in Lendscape, a technology provider to the global secured commercial finance market.

J D Factors provided $10.275 million in new factoring facilities to 29 new clients in the United States and Canada in June, including a $1.5 million factoring facility for a transportation company in Illinois.

According to the Golub Capital Altman Index, middle-market private companies in the index experienced year-over-year earnings growth of 5% and revenue growth of 4% during the first two months of Q2/23.

Culain Capital Funding completed a $4.5 million factoring facility for a Florida-based command and control equipment reseller, integrator and distributor in the defense industry.