News

MobiTV voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. MobiTV intends to use these proceedings to implement a restructuring process. FTI Consulting is serving as the...

Capitala Group, a capital provider to lower middle market companies, closed on an investment in Fremont-Wright. Capitala partnered with SouthWorth Capital Management on the transaction in support of Fremont-Wright’s next phase of growth.

Alternative asset management firm Crescent Capital Group’s European specialty lending strategy refinanced existing banking facilities for Avania, a global contract research organization focused on medical technology development.

More than half (52%) of financial institutions expect to have more gig-based employees over the next three to five years, according to a report from PwC.

Commercial finance platform Solar Capital Partners changed its name to SLR Capital Partners.

Old Hill Partners provided a $5.1 million senior secured drawdown facility to an acquirer and lessor of standard 40’ shipping containers.

Brian Center launched a new, Texas-based company, Quasar Capital Partners, which will provide factoring receivables funding and asset-based lending solutions.

The Turnaround Management Association recognized advisory and tax firm CohnReznick with the Out-of-Court Restructuring of the Year Award for mid-markets at the 12th Annual Turnaround Atlas Awards.

B. Riley, a provider of financial services and business advisory solutions, added a compliance, risk and resilience practice to its financial consulting division, B. Riley Advisory Services. Scott Corzine and Duane Lohn will lead the new practice. 

Tiger Group’s commercial and industrial division posted company record sales of pro-grade audiovisual equipment in 2020.