Gordon Brothers added six industry veterans from lending institutions across the globe to expand its special situations lending and investment platform.
The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.
Gordon Brothers, an advisory, restructuring and investment firm, published an article examining the effects election years can have on consumer spending and different retail sectors in the U.S.
Gordon Brothers agreed to purchase the machinery and equipment of the four plants of Jose Sanchez Peñate in the Canary Islands for €5 million ($5.9 million). The M&E will be leased back to the company.
White Oak ABL, an affiliate of White Oak Global Advisors, funded and arranged a $99.5 million senior secured credit facility for an international infant and toddler toy and product manufacturer.
Gordon Brothers was engaged to sell silica mining and processing assets and plant equipment located in Arcadia, WI, on behalf of Wisconsin Bank & Trust as secured lender.
Gordon Brothers released an article that discusses the outcome of the Paycheck Protection Program (PPP), including its impact on individuals, firms and lenders, as well as its aid for sectors most challenged by the COVID-19 pandemic.
Alex Sutton, managing director and head of research at Gordon Brothers, said, “The agreement will impact cost structures, product mix, commodity prices, local market dynamics and a wide range of other operating issues.”
Joint venture partners Gordon Brothers and Hilco Merchant Resources commenced going-out-of-business sales at 720 Stage Stores locations, including Gordmans and all associated brand stores across the United States.