News

According to data provided by Epiq Bankruptcy, the 2,973 total commercial Chapter 11 bankruptcies filed during the first six months of 2023 represented a 68% increase over the 1,766 filed during the same period in 2022. Individual Chapter 13 filings...

QualTek Services, an infrastructure services provider, announced that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

Tattooed Chef, a provider of plant-based foods, intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of California and intends to pursue a sale of substantially all...

Monitronics International, a smart home security and alarm monitoring company, received confirmation from the U.S. Bankruptcy Court for the Southern District of Texas of its partially prepackaged plan of reorganization following an uncontested hearing on June 26.

CVC Credit closed CVC CLO Equity III at its hard cap with $800 million of commitments. Across its period of deployment, this equity fund is intended to support more than $10 billion of global CLO issuance for CVC Credit’s performing...

The Index Industry Association released its third annual ESG Global Survey of Asset Managers that suggests despite significant economic volatility and political frictions, ESG’s future role in global investment portfolios continues to increase.

According to Russell Investments’ strategists, a recession for the slowly slowing U.S. economy is expected, though they anticipate a delay until 2024 as investor enthusiasm for artificial intelligence and resilient economic growth continue to support stocks.

Old National Bank celebrated the opening of its first Metro Detroit-area commercial banking office in June with a launch event. The event introduced the Metro Detroit team, as well as the ONB executive leadership team, to clients attending from in...

SSG Capital Advisors acted as the investment banker to Custom Alloy Corporation and certain affiliates in the sale of substantially all of its assets to an affiliate of Trident Maritime Systems, a portfolio company of J.F. Lehman & Company.

Texas Capital Bancshares, the parent company of Texas Capital, launched Texas Capital Initio, an internally developed, proprietary digital onboarding solution designed to revolutionize the commercial banking experience by simplifying and accelerating the process of opening an account.