KCP Advisory Group, a restructuring and financial consulting organization, merged with Altman and Company. The combined business will initially operate as KCP-Altman Advisory Group.
KCP Advisory Group merged consulting group Remuda Advisors into its operations and appointed Steven Bellah, Remuda Advisors’ founder, a senior managing director. In this role, Bellah will head KCP’s Dallas office and will also serve as the practice leader for the firm’s lender services group.
Gerber Finance provided a $10 million line of credit to NorthCape International, a manufacturer and wholesale distributor of outdoor furniture.
Solstice Sunglasses, a sunglasses retailer in the United States, emerged from Chapter 11 bankruptcy with the support of a $6.5 million exit financing facility provided by Second Avenue Capital Partners. Solstice Sunglasses filed for bankruptcy relief in February.
Second Avenue Capital Partners provided $6.5 million in debtor-in-possession financing to Solstice Sunglasses, a sunglasses retailer in the United States. The DIP facility will deliver supportive capital to Solstice as the retailer commences a restructuring.