News

IDS, a provider of enterprise solutions for secured finance, completed the migration of IDS ABL to IDScloud, a software-as-a-service-based solution for secured finance.

According to Epiq, new bankruptcy filings in June were flat, with 34,248 filings across all chapters, marking a 1% drop from the May count of 34,767. However, commercial filings across all chapters were up 11% in June, with a total...

The CBIZ Small Business Employment Index reported a seasonally adjusted increase of 0.34% for June. In addition, 30% of companies in the index expanded employment, 53% made no change to their headcounts and 17% cut back on staffing.

Patriot Capital, a multi-strategy middle market investment firm, promoted Sean Bilbrough to vice president, effective immediately. Bilbrough joined Patriot Capital in June 2018 as a senior associate.

Crestmark, the commercial finance division of MetaBank, secured a total of $53.3 million in asset-based lending and factoring financial solutions for 17 new clients in the first half of June.

Link Auctions launched as an auction company that extends capabilities in equipment appraisals, industrial auctions and asset remarketing for industrial companies and financial institutions looking to lean into evolving manufacturing technologies while continuing to serve traditional asset classes.

Retail Ecommerce Ventures acquired the business and assets of Ralph & Russo Limited, a UK-based luxury brand specializing in couture, ready-to-wear and luxury goods.

The National Association of Credit Management’s Credit Manager’s Index for June continued to lose some ground, with a total combined score of 57.5, which was down 2.3 points compared with May’s CMI and 3.1 points lower than April’s CMI.

B. Riley Financial won multiple awards at the 13th Annual Turnaround Atlas Awards, hosted by Global M&A Network on June 24 and June 25. In addition, Alicia Masse of B. Riley Advisory Services was named one of Global M&A Network’s...

Hertz Global Holdings completed its Chapter 11 restructuring process and emerged from bankruptcy. Hertz received bankruptcy court approval of its plan of reorganization on June 10.