Ernst & Young Archives

Near Intelligence Files for Chapter 11 Protection, Receives $16MM in DIP Financing from Blue Torch

Near Intelligence, a privacy-led data intelligence company, and certain of its subsidiaries voluntarily initiated Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware and will seek to sell its assets through a court supervised sales process.

Acerus Pharmaceuticals Files for CCAA Protection

Acerus Pharmaceuticals and its subsidiaries, Acerus Biopharma, Acerus Labs and Acerus Pharmaceuticals USA, have received an order for creditor protection from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act (the CCAA).

January 27, 2023 Acerus Group | Acerus Pharmaceuticals | Ernst & Young | FAAN Advisors Group | First Generation Capital Ian Koplin

Nordic Aviation Capital Files Chapter 11, Receives $170MM in DIP Financing

Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing.

Old Compass Financial Launches as New Field Examination Firm

Old Compass Financial, a new field examination firm, commenced operations from its headquarters in Charleston, SC. The firm is led by Joel A. Good, an asset-based lending industry veteran with more than 24 years of field examination and audit experience.

March 22, 2021 Durkin Group | Ernst & Young | Joel A. Good | Old Compass Financial | Wells Fargo Capital Finance Phil Neuffer

Matrix Capital Adds Van de Walle as Director, Hoffman as Analyst

Independent investment bank Matrix Capital added Casey Van de Walle as a director and Anthony Hoffman, CPA, as an analyst of the firm. Van de Walle most recently served as vice president at Edgement Partners and Hoffman most recently served as an audit associate at Ernst & Young.

Tiger Group: Canadian Mall Owners Could Buy Key Tenants in Months Ahead

During a retail-focused webinar hosted by Insolvency Insider, Bradley W. Snyder, executive managing director at Tiger Group, said Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead.

Alvarez & Marsal Hires Former Federal Prosecutor Spiegelhalter to Lead Investigations Practice

Global professional services firm Alvarez & Marsal appointed Steve Spiegelhalter a managing director and North America investigations practice leader in its disputes and investigations group. Spiegelhalter was most recently a partner with Ernst & Young.

October 15, 2020 Alvarez & Marsal | Ernst & Young | Jerry Dent | Steve Spiegelhalter

Canopy Rivers to Provide $7.2MM in DIP Financing for PharmHouse

Canopy Rivers will act as a debtor-in-possession lender and provide up to $7.2 million in DIP financing to PharmHouse, which obtained an order from the Ontario Superior Court of Justice granting it creditor protection under the Companies’ Creditors Arrangement Act.

September 17, 2020 Canopy Rivers | Ernst & Young | PharmHouse Rita Garwood

Bankruptcy Court Approves First Day Motions for Shiloh Industries

The U.S. Bankruptcy Court for the District of Delaware approved all of Shiloh Industries’ “first day” motions related to its voluntary Chapter 11 petitions filed on Aug. 30, including approval of access of up to $18.1 million of the $123.5 million in committed debtor-in-possession financing.

All Js Greenspace to Provide $7.2MM DIP to Green Growth Brands

All Js Greenspace agreed to provide up to $7.2 million in debtor-in-possession financing to Green Growth Brands, which filed for insolvency protection under Canada’s Companies’ Creditors Arrangement Act.

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