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SSG Capital Advisors, LLC acted as the exclusive investment banker to American Fuel Cell and Coated Fabrics Company on its sale of substantially all of its assets to an affiliate of LB Advisors, LLC and Playa Capital Partners, LLC.  The sale was... Read Story

Filed Under: Industry News
January 18, 2019 @ 09:00 AM

Sears Holdings Corporation announced that ESL Investments, Inc., the hedge fund run by Sears Chairman Eddie Lampert, was selected as the winning bidder in the Company's auction. Subject to Bankruptcy Court approval, ESL will acquire substantially all... Read Story

Filed Under: Retail
January 18, 2019 @ 08:00 AM

Less than two months after initiating a strategic review of its businesses, Gymboree Group, Inc., a specialty children's retailer, announced that the company and its U.S. subsidiaries have voluntarily filed for relief under Chapter 11 of the... Read Story

Filed Under: Retail
January 18, 2019 @ 08:00 AM

The outlook for global growth has been dented by a series of recent weak data releases, but not dismantled, said Fitch Ratings in new report. The broad contours of the agency's December 2018 Global Economic Outlook (GEO) forecasts for 2019 - with... Read Story

Filed Under: Economy
January 18, 2019 @ 07:24 AM

Divvy, the growing tech startup, announced they have secured a $250 million facility from Waterfall Asset Management. This new funding will help Divvy keep up with expected customer growth in 2019, facilitate easier access to the capital businesses... Read Story

Filed Under: Lender Finance
January 18, 2019 @ 07:11 AM

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility to finance the acquisition of a textile processing company based in North Carolina. Kelly Collins, Regional Market Manager for Amerisource, stated: “This... Read Story

Filed Under: Textiles
January 18, 2019 @ 07:06 AM

Encina Business Credit, LLC (EBC) announced that it has made several key personnel moves aimed at accelerating the already significant growth that the company experienced in 2018. Industry veteran Matt Grimes has joined EBC as Senior Managing... Read Story

January 17, 2019 @ 08:00 AM

MUFG Americas Holdings Corporation (MUAH) and GE Capital announced the signing of an agreement where MUFG Union Bank, N.A., a subsidiary of MUAH, will acquire Trade Payable Services (TPS), a leading supply chain finance platform, from GE Capital.... Read Story

Filed Under: Supply Chain Finance
January 17, 2019 @ 07:56 AM

Shopko, a operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring... Read Story

Filed Under: Retail
January 17, 2019 @ 07:51 AM

Jam City, Inc., a leader in mobile entertainment, announced $145 million in strategic financing jointly led by JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch, and a syndicate of lenders including Silicon Valley Bank, SunTrust Bank and... Read Story

Filed Under: Media
January 17, 2019 @ 07:25 AM