News

On Friday, Walter V. Shipley, the former chairman and CEO of Chase Manhattan Bank and an influential architect of bank mega-mergers in the 1980s and 90s, passed away. He was 83 years old.

Jeffrey E. Cohen joined law firm Blank Rome as partner in the Corporate, M&A, and Securities group in the New York office.

Restructuring and advisory firm Gordon Brothers opened a new office in Perth, Australia. The office will be led by equipment valuation and auction industry veteran, Ben Gibson.

Medley Management provided a senior secured credit facility to support the J.W. Childs Associates’ acquisition of home furnishings provider Walker Edison.

Utica Leaseco completed a $500,000 capital lease for a company located in California during the first week of January 2019.

According to two Bloomberg articles, Eddie Lambert’s ESL Investments has increased its bid to purchase Sears to $5 billion and hopes to keep the bankruptcy court in its corner by maintaining more jobs than initially proposed.

Mark Knight and Charles M. Persons joined Sidley Austin’s Global Restructuring practice as a partner and counsel, respectively. Knight will be based in the law firm’s London office, while Persons will operate out of Dallas.

Super G Capital provided a $3.3 million second lien term loan to a company that manages a privately-owned portfolio of commercial and residential real estate worth $300 million.

The Structured Finance Industry Group, a member-based group focused on the structured finance and securitization markets, named Michael Bright president and CEO, effective January 21, 2019.

Reed Smith brought on board Elizabeth Tabas Carson as partner in its Financial Industry Group and as a member of its global cross-border direct lending and acquisition finance teams.