Ares Management, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking reached a strategic agreement to collaborate on future business opportunities.
Toys “R” Us filed a motion seeking bankruptcy court approval to begin the process of conducting an orderly wind-down of its U.S. business and liquidation of inventory in all 735 of the company’s U.S. stores.
In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.
Reuters reported that discount shoe retailer Payless is working with restructuring attorneys to deal with approximately $665 million in debt.
Jonathan Birks joined Kirkland & Ellis International’s London office as a partner in the Debt Finance Practice group. Birks focuses his practice on UK and pan-European real estate finance transactions.
Jonathan Davis joined Kirkland & Ellis’ New York office as a partner in the Corporate Practice Group. Davis joined the firm from Cravath, Swaine & Moore.
Kirkland & Ellis represented private equity firm Arsenal Capital Partners in its fundraising for Arsenal Capital Fund IV at its $1.3 billion hard cap.
Kirkland & Ellis represented Bayside, a credit affiliate of H.I.G. Capital, as the largest lender in the restructuring of the Bodybell group of companies.