AeroCentury and certain of its subsidiaries commenced a voluntary case under Chapter 11 of the United States Bankruptcy Code. AeroCentury also entered into a stalking horse agreement with its sole secured lender, Drake Asset Management.
ACRES Capital acquired Exantas Capital’s management agreement from an affiliate of C-III Capital Partners. Exantas Capital also entered into definitive agreements with MassMutual and Oaktree for new capital commitments aggregating up to $375 million.
iCapital Network and Artivest entered into a definitive agreement under which iCapital will acquire the Artivest platform and operating businesses. PJT Partners served as financial advisor to iCapital Network and RBC Capital Markets served as financial advisor to Artivest.
Jay Gavigan has joined Morrison & Foerster’s New York office as a partner in its Lending and Financial Transactions Group.
Law firm Morrison & Foerster opened an office in Boston to further extend its technology and life sciences capabilities. The move also expanded the firm’s Finance and Emerging Companies and Venture Capital practices.
Dennis Jenkins, a financial restructuring lawyer with 20 years of experience, joined global law firm Morrison & Foerster as a partner in its New York–headquartered Business Restructuring & Insolvency Group.
Global law firm Morrison & Foerster announced the election of 12 lawyers to the firm’s partnership. The class of 2016 includes individuals from 10 practice groups across eight offices in the U.S., Europe, and Asia.
Morrison & Foerster announced that Peter Declercq and Sonya Van de Graaff, formerly with Schulte Roth & Zabel have joined its London office as partners in the Business Restructuring & Insolvency Group.
Morrison & Foerster is advising Global Logistic Properties in its agreement with a group of strategic partners. The second tranche, with a planned investment of up to $875 million, is expected to be completed within the next six months.