News

According to a survey from AlixPartners, in spite of currently available liquidity and low interest rates, 96% of restructuring experts believe the COVID-19 pandemic will cause their clients distress this year as enhanced access to liquidity from the past year...

Avante Capital Partners, a women-owned private credit and structured equity firm, completed a unitranche debt investment in Burton Plumbing Services to support a portfolio company refinancing by ShoreView Industries.

sticky.io, an e-commerce platform provider for subscription management and recurring billing, closed a $90 million material capital transaction with Goldman Sachs Asset Management’s private credit business.

The International Factoring Association released its 2021 IFA Business Profile and Performance Survey Industry Report. According to the survey, 36.8% of gross invoices funded during 2020 came from the transportation industry.

Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession...

H.I.G. Capital, a global alternative investment firm with $44 billion of equity capital under management, provided an investment to Cleo Communications, a global provider of ecosystem integration software solutions. Terms were not disclosed.

Crestmark secured a total of $48.85 million in asset-based lending and factoring financial solutions for 14 new clients and its government guaranteed lending group provided $2.255 million in financing for three new clients in the second half of May.

J D Factors recently provided $4.295 million in factoring facilities for 16 different clients.

As part of its 2021 livestream program, ABF Journal is partnering with IDS for a panel on June 24 to discuss how changes to working models and client expectations have created a need for improved technology solutions to increase business...

Hertz Global Holdings received bankruptcy court approval of its plan of reorganization. The plan unimpairs all classes of creditors and was approved by more than 97% of voting shareholders. The court's approval clears the way for Hertz to emerge from...