News

Suresh Vasan joined financial advisory firm Lazard as a managing director in the Private Capital Advisory’s Private Capital Solutions Group. He will be based in Houston.

J D Factors provided $2.25 million in factoring facilities for seven clients the week of February 18, 2019.

Utica Leaseco completed four capital lease transactions totaling over $6 million during week of February 19, 2019.

Great American Group, in a joint venture with Tiger Capital Group, will operate the store closing sales at all Payless ShoeSource locations in the United States and Puerto Rico.

Charlotte Russe Holdings and its subsidiaries entered discussions with prospective bidders for a going-concern sale of the company to continue its brick-and-mortar and online platforms.

CapitalPlus Construction Services provided $1.625 million in recent financing to four clients.

Encina Business Credit provided a $25 million asset-based revolving credit facility to an electronic device repair company.

Citizens Commercial Banking led a senior secured asset-based financing for Merfish Pipe Holdings, a portfolio company of One Equity Partners, to support its acquisition of United Pipe & Steel.

Capital One provided a bridge loan to Bridge Investment Group Partners for the acquisition of an eight-asset, 1,359-unit seniors housing portfolio from Somerby Senior Living.

Shoe retailer Payless voluntarily filed for relief under Chapter 11 of the Bankruptcy Code for the second time in 18 months. Ankura Consulting Group will serve as the company’s restructuring advisor through this additional bankruptcy process.