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News Stories (1171 Results) - Industry News

Accounting Today named EisnerAmper a “Best Firm for Technology” for 2021. One of only a small select group of firms chosen, EisnerAmper was the largest firm so recognized. Firms were named based on criteria such as technology strategy, training... Read Story

May 12, 2021, 07:00 AM

Atalaya Capital Management, a private credit and special opportunities alternative investment manager based in New York City, announced a passive, minority equity investment in Dakota Financial, LLC, an asset-based specialty finance company based in... Read Story

May 11, 2021, 08:00 AM

Enova Decisions, an analytics and decision management company, and DecisivEdge, a software engineering company, announced a strategic partnership to enable lenders to accelerate digital transformation quickly, scale operations and provide more... Read Story

May 03, 2021, 06:00 AM

Deerpath Capital Management announced the closing of Deerpath CLO 2021-1, a $360 million collateralized loan obligation (CLO). This CLO represents the third CLO issued by Deerpath since 2018 and brings the firm's total CLO assets under management to... Read Story

April 23, 2021, 08:00 AM

Three years after acquiring Denver-based Headwaters, Capstone Headwaters announced it is changing its name to Capstone Partners. The rebranding, which entails the unveiling of a new logo and website, is an integrated element of the firm's current... Read Story

April 22, 2021, 08:00 AM

Corcentric announced three appointments to the leadership team. Ed Benack has been appointed Chief Customer officer, Manish Jaiswal as Chief Product Officer, and Brent Kinman as Senior Vice President of North American Sales. Corcentric continues to... Read Story

April 22, 2021, 06:00 AM

Enova Decisions, an analytics and decision management company, and DecisivEdge, a software engineering company, announced a strategic partnership to enable lenders to accelerate digital transformation quickly, scale operations and provide more... Read Story

April 22, 2021, 05:00 AM

Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance, is celebrating six years in business this month.Since its inception in 2015 with four founding employees, WCF has since grown to a staff of 48, including the new East Region... Read Story

April 15, 2021, 07:00 AM

Grant Thornton launched cta.x — an app that allows companies and auditors to rapidly develop and deploy automated internal-controls tests, helping them comply with laws and regulations such as Sarbanes-Oxley. It will also help companies garner new... Read Story

April 14, 2021, 07:00 AM

The New York Philharmonic’s home will reopen in fall 2022, nearly two years ahead of schedule, thanks in part to behind-the-scenes legal work by Haynes and Boone, LLP. The firm represented the New York Philharmonic in connection with financing that... Read Story

April 09, 2021, 06:00 AM

The Private Equity Wire, a leading publication serving institutional investors/wealth managers and their investment managers/advisors across all asset classes, named EisnerAmper LLP its “Best Tax Advisor” at the Private Equity Wire European 2021... Read Story

April 06, 2021, 07:00 AM

North Mill Equipment Finance announced the company reached an all-time high in monthly loan and lease originations in March. Funded volume surged to more than $24 million, a growth rate of 53 percent from last March and an increase of 22 percent from... Read Story

April 05, 2021, 06:00 AM

Apex Group, a global financial services provider, announced it has expanded Loan Agency services both in support of existing Loan Administration capabilities and in support of Private Equity and Leveraged Finance client needs. This development... Read Story

March 31, 2021, 06:00 AM

MSouth Equity Partners IV, L.P. formed MSouth Capital as a provider of private credit and minority equity financing solutions, to meet the needs of companies in the South that have a desire to pursue recapitalizations, acquisitions or other corporate... Read Story

March 30, 2021, 08:00 AM

Blank Rome formally announced its national Environmental, Social, and Governance (“ESG”) Team. This multi-disciplinary group is comprised of more than 25 attorneys from across the firm’s offices and practices who have been advising clients for... Read Story

March 30, 2021, 07:00 AM

C2FO released a new worldwide survey, which examines the working capital health of more than 6,700 leaders of small and mid-sized businesses ("SMBs"). The survey found alignment across the world when looking at SMBs in terms of access to liquidity... Read Story

March 22, 2021, 08:00 AM

Generate announced it is launching a dedicated credit business to provide flexible financing solutions to technology companies and project developers at the forefront of the Infrastructure Revolution. Alfred Griffin, founding president of the NY... Read Story

March 22, 2021, 07:00 AM

EQ (Equiniti Group plc) announced that its risk management business, EQ Riskfactor, has launched a series of new reports called the Receivables Finance Global Outlook. New report shows high levels of market optimism with 81% of global... Read Story

March 19, 2021, 08:07 AM

EisnerAmper launched NFP Insights, a proprietary benchmarking tool that can compare a nonprofit organization against a database of 500,000 other nonprofits. Designed for tax-exempt organizations, donors, grant makers, board members and family offices... Read Story

March 19, 2021, 07:00 AM

Alvarez & Marsal (A&M), launched its Environmental, Social and Governance (ESG) Services practice, led by Managing Director, Julie Hertzberg expanding her existing leadership role within the firm. The ESG Services practice will be integrated with... Read Story

March 18, 2021, 08:10 AM

LiquidX welcomed Banco Bradesco to its network. Banco Bradesco, founded in 1943, is the second largest private sector bank in Brazil by total assets, serving clients through 79.9 thousand Service Points, 70 million customers, and 32.3 million account... Read Story

March 17, 2021, 06:00 AM

WEX Inc., a leading provider of corporate payment solutions, announced that it is providing certain prospective lenders information for purposes of considering a potential refinancing of its credit facility, including among other things extending the... Read Story

March 15, 2021, 08:02 AM

Allvue Systems (“Allvue”) launched its enhanced Fund Performance & Portfolio Monitoring (“FPPM”) Solution to enable general partners (“GPs”) to visualize, aggregate and analyze private equity portfolio data in real-time. The enhancements made to... Read Story

March 12, 2021, 07:00 AM

The Federal Reserve Board on Monday announced it will extend its Paycheck Protection Program Liquidity Facility, or PPPLF, by three months to June 30, 2021. The extension will provide continued support for the flow of credit to small businesses... Read Story

March 09, 2021, 08:00 AM

GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management (along with other affiliated investment managers "GoldenTree"), announced the closing of a $698 million collateralized loan obligation ("CLO")... Read Story

March 09, 2021, 07:00 AM

Atalaya Capital Management announced the final close of its fifth Asset Income Fund ("AIF V"). The fund closed at its $1 billion hard cap, exceeding the $900 million target. AIF V's diversified limited partner base is comprised of public and... Read Story

March 05, 2021, 06:00 AM

Small and mid-sized business owners strongly support vaccinations for COVID-19 and plan to encourage their employees to get the shots, which are central to a return to normalcy, according to the latest PNC semi-annual national small business survey... Read Story

March 02, 2021, 08:00 AM

CohnReznick received a second major industry award for its restructuring work for Allentown, Pennsylvania-based Coordinated Health.The 12th Annual Turnaround Atlas Awards recently recognized CohnReznick with its Out-of-Court Restructuring of the Year... Read Story

February 24, 2021, 08:05 AM

Clear Thinking Group announced that Partners Joseph Marchese, Patrick Diercks and Brian Allen have earned the Certified Turnaround Professional (CTP) designation by the Turnaround Management Association. The recognition of CTP demonstrates commitment... Read Story

February 19, 2021, 08:00 AM

EW GROUP, a German strategic holding company in the field of animal breeding, health, nutrition and diagnostics, announced the acquisition of Hygiena, a leader in food safety and environmental testing solutions. The terms of the transaction have not... Read Story

February 17, 2021, 06:00 AM

GovCon Funding Corporation launched its FinTech app for global aerospace, defense and government contractors seeking funding for their capitalexpenditures. This digital initiative is part of GovCon Funding Corporation’s next generation approach... Read Story

February 10, 2021, 06:00 AM

EisnerAmper announced that the partners, principals and staff of St. Clair CPAs, P.C., have joined EisnerAmper LLP.Founded in 1986, St. Clair has five partners and 58 professionals. With offices in Merchantville, NJ, and Conshohocken, PA, the firm... Read Story

February 09, 2021, 08:00 AM

With economies contracting and unemployment rising, credit risk has moved to the top of the risk management agenda, according to Deloitte’s biennial survey on the state of risk management in the financial services industry globally.Twenty percent of... Read Story

February 08, 2021, 06:00 AM

LexisNexis® Risk Solutions unveiled findings on the current State of Fraud, detailing key fraud trends occurring in 2020 for organizations in the United States and Canada while also looking ahead at what to expect in 2021. LexisNexis Risk Solutions... Read Story

February 08, 2021, 05:00 AM

Hana Small Business Lending, a wholly-owned subsidiary of Hana Financial, Inc., and OP Bancorp, parent company of Open Bank, announced the signing of an asset purchase agreement pursuant to which OP Bancorp will acquire HSBL’s SBA portfolio.HSBL is a... Read Story

February 05, 2021, 05:00 AM

Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support add-on acquisitions and a refinancing for Cerity Partners, a portfolio company of funds affiliated with Lightyear... Read Story

February 04, 2021, 07:00 AM

TriplePoint Venture Growth BDC Corp. expanded its revolving credit facility. The expansion increases the capacity of the Credit Facility from $325 million to $350 million and adds a new lender, First Foundation Bank. The $25 million increase was made... Read Story

February 01, 2021, 08:00 AM

Greenberg Traurig was named Restructuring Law Firm of the Year for Middle Markets at Global M&A Network’s 12th Annual Turnaround Atlas Awards held virtually, Jan. 21-22. According to the Global M&A Network website, the Awards honor excellence from... Read Story

January 29, 2021, 07:18 AM

Hilco Global facilitated the sale of substantially all of the assets for Shop-Vac to GreatStar in a multi-million dollar transaction that closed on December 24, 2020. The assets acquired in the transaction include Shop-Vac’s intellectual property... Read Story

January 27, 2021, 08:00 AM

Citizens M&A Advisory served as the exclusive financial advisor to Health iPASS, Inc., a high-growth, innovative provider of cloud-based patient engagement software and revenue cycle management technology, in its sale to Sphere, backed by Waud... Read Story

January 26, 2021, 08:00 AM

Goetz Fitzpatrick announced the addition of a Commercial and Real Estate Finance practice area to their Manhattan-based firm. The new team, consisting of five attorneys and one paralegal, has joined Goetz Fitzpatrick from Sankel, Skurman & McCartin... Read Story

January 26, 2021, 07:03 AM

Oxane Partners, a leading technology-driven solutions provider to private markets, announced signing three bulge bracket investment banks across the US and Europe for its illiquid credit portfolio management solution - Oxane Panorama. With more than... Read Story

January 19, 2021, 07:00 AM

Christopher & Banks, on January 13, 2021, filed for Chapter 11 reorganization and authorized store closing sales to be conducted by Hilco Merchant Resources.  The store closing process has begun at more than 400 stores nationally.Since 1956... Read Story

January 15, 2021, 08:00 AM

Going-out-of-business sales are underway at all 25 Stock+Field stores across the Midwest—an opportunity for enthusiasts of the rural lifestyle to find bargains on thousands of premier items in categories such as farm supplies, outdoor power equipment... Read Story

January 15, 2021, 07:50 AM

ABL Advisor's offices will be closed on Monday, January 18 in observance of the Birthday of Martin Luther King, Jr.We will return with our Daily eNews Blast on Tuesday, January 19. Read Story

January 15, 2021, 07:00 AM

BancorpSouth Bank announced the signing of a definitive merger agreement with FNS Bancshares, the parent company of FNB Bank, (collectively referred to as "FNS"), pursuant to which FNS will be merged with and into BancorpSouth.FNS, founded in 1900 in... Read Story

January 14, 2021, 08:09 AM

Porter Capital announced it will provide additional funding to businesses in need of more than their current PPP loan offers."With the new COVID-19 stimulus package signing, many small business owners can apply for another round of Paycheck... Read Story

January 12, 2021, 08:22 AM

Crestmark secured a total of $9,700,000 in ABL financial solutions for four new clients; Crestmark Equipment Finance provided $25,440,689 in ten new lease transactions; Crestmark Vendor Finance provided $5,792,233 in 65 new lease transactions; and... Read Story

January 12, 2021, 08:10 AM

BlackArch Partners announced the sale of National Carwash Solutions, a portfolio company of AEA Investors, to Berkshire Partners. National Carwash Solutions is a leading provider of car wash equipment, services and solutions to customers in North... Read Story

January 11, 2021, 06:00 AM

Marathon Asset Management announced the final close for its Marathon Distressed Credit Fund, which was oversubscribed with approximately $2.5 billion in commitments. The fund will invest in a wide range of situations by providing capital solutions... Read Story

January 08, 2021, 08:13 AM

Essex Capital Group announced that the firm recently served as exclusive financial advisor to CAN Community Health, Inc., resulting in a financial restructuring of the Company through a $91,350,000 taxable bond issue. CAN is a private, not-for-profit... Read Story

January 07, 2021, 06:00 AM

In anticipation of making a final construction decision based on a Feasibility Study  for the Las Chispas Project, SilverCrest Metals Inc. announced that its Canadian subsidiary has entered into a credit agreement (the "Credit Agreement") with an... Read Story

January 04, 2021, 09:05 AM

Crestmark announced it provided more than $83.9 million in commercial financing to 93 businesses in the first half of December. Crestmark Equipment Finance provided $7,262,607 in six new lease transactions; Crestmark Vendor Finance provided... Read Story

December 30, 2020, 08:00 AM

Walgreens Boots Alliance, Inc. entered into a revolving credit agreement with the designated borrowers and lenders led by Wells Fargo Bank, National Association as administrative agent and swing line lender.The Credit Agreement includes (i) a $1.25... Read Story

December 29, 2020, 07:10 AM

Centre Lane Partners, a leading private investment firm focused on private equity and private credit investments in the North American middle market, announced that it has entered into a partnership with Investcorp's Strategic Capital Group (ISCG).... Read Story

December 28, 2020, 09:15 AM

The Community Financial Corporation, the holding company for Community Bank of the Chesapeake, announced that on December 17, 2020 the Board of Directors appointed Michael B. Adams, James M. Burke, Gregory C. Cockerham and James F. Di Misa to the... Read Story

December 24, 2020, 07:00 AM

Prospect Capital Corporation announced that Prospect has purchased $25 million of first lien senior secured floating rate notes issued to support the recapitalization of KM2 Solutions, LLC (“KM2”), led by affiliates of H.I.G. Capital, LLC... Read Story

December 23, 2020, 09:00 AM

While COVID-19 has meant tremendous economic hardship across all business sectors, executives widely feel employees have risen to the occasion regarding productivity as a result of much of the country utilizing a work-from-home (“WFH”) model.... Read Story

December 18, 2020, 07:00 AM

CIT Group's annual partnership with Feeding America® has helped provide Two Million Meals to people in need this holiday season. With the support of its customers, employees and followers, the company brought awareness to the pressing issue of food... Read Story

December 17, 2020, 07:00 AM

TriplePoint Venture Growth BDC Corp., the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology and other high growth industries, announced it has extended and expanded its... Read Story

December 15, 2020, 08:29 AM

Hilco Global announced a donation of new winter coats and winter accessories to underserved communities in Chicago, Philadelphia, and Boston totaling over $1,020,000 in retail value. The “Hilco Helps Warm the Winter” initiative is part of Hilco’s... Read Story

December 15, 2020, 08:08 AM

Focus Lender Services and Gerrard Group have joined forces for greater efficiency, cost savings and other advantages when combining field examinations and inventory appraisals. By having Focus Lenders Services Group (FLSG) perform the field exam and... Read Story

December 15, 2020, 06:00 AM

Piper Sandler Companies, a leading investment bank, announced that it has entered into a definitive agreement to acquire TRS Advisors. TRS Advisors is an independent advisory firm focused on advising and executing restructurings, reorganizations and... Read Story

December 11, 2020, 08:19 AM

In early September, the seven-day average in new COVID-19 cases in the U.S. had reached its lowest point since late June, but then steadily increased and nearly doubled by late October. Instead of increasing along with the virus, executives'... Read Story

December 10, 2020, 07:00 AM

AlixPartners, the global consulting firm, announced that Lisa Donahue, Joint Global Head of Turnaround & Restructuring Services (TRS), has received the Harvey R. Miller Outstanding Achievement Award for service to the restructuring industry. The... Read Story

December 02, 2020, 09:04 AM

In the spirit of Giving Tuesday, Gordon Brothers, the global advisory, restructuring and investment firm, has announced the firm’s shareholders completed $1 million in donations to charities supporting communities across the globe impacted by... Read Story

December 02, 2020, 08:00 AM

Blackstone Holdings Finance Co. L.L.C., and Blackstone Holdings AI L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P., as guarantors (collectively, the “Guarantors”), entered... Read Story

November 30, 2020, 09:10 AM

Corporate leaders now identify fear of further shutdowns from a new wave of COVID-19 infections as their top concern (54 percent), outpacing the implications of a global economic downturn (41 percent), according to the latest results of PwC’s Road to... Read Story

November 30, 2020, 09:05 AM

A review of a large sample of M&A and LBO transactions originated between 2015 and 2019 shows that overall, addbacks inflated marketing EBITDA by an average of over 28% and accounted for 54% of reported last-12-months EBITDA at deal inception. The... Read Story

November 25, 2020, 09:10 AM

ABL Advisor's offices will be closed on Thursday, November 26 and Friday, November 27 in observance of Thanksgiving. We will return with our Daily eNews Blast on Monday, November 30, 2020.We wish all of our readers a very safe and happy Thanksgiving... Read Story

November 25, 2020, 05:00 AM

U.S. institutional term loan defaults are on pace for the lowest monthly total since this summer, according to Fitch Ratings in a new report.After jumping to $6.3 billion of defaults in October, November stands at $0.2 billion thus far and could best... Read Story

November 23, 2020, 08:10 AM

Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced the purchase of the approximately 20-acre Potomac River Generating Station (PRGS) site in Alexandria, VA. In an agreement negotiated with Potomac Electric Power Company (Pepco)... Read Story

November 20, 2020, 08:00 AM

Crestmark secured a total of $6,050,000 in ABL financial solutions for five new clients in the first half of November. On Nov. 4, a $750,000 ledgered line of credit facility was provided to a healthcare services provider in Utah. The financing... Read Story

November 19, 2020, 08:00 AM

Buhler Industries Inc. (Buhler Industries) announced the closing of a $15M mortgage with CIBC and guaranteed in part by EDC.  The mortgage has a seven year amortization and is backed by property.  The mortgage has a two year term to coincide with the... Read Story

November 18, 2020, 09:04 AM

Pivotree Inc. ("Pivotree" or the "Company"), a leading global commerce and master data management ("MDM") services provider, today announced the early retirement of its $9.0 million term facilty ("Credit Facilty") with Beedie Investments Ltd.... Read Story

November 18, 2020, 09:03 AM

A&G Real Estate Partners formally announced the creation of a dedicated Financial Reporting & Property Analysis Group serving stakeholders across all sectors of real estate. Led by Senior Managing Director Douglas Bennett—formerly Vice President of... Read Story

November 13, 2020, 08:00 AM

The introduction of a central bank digital currency (CBDC) raises long-standing questions relating to the provision of public and private money, and the ability of the central bank to use CBDC as a means for transmitting monetary policy directly to... Read Story

November 11, 2020, 09:10 AM

CIT Group Inc. announced the start of its annual partnership with Feeding America and this year, will double its commitment in the fight against hunger and help donate Two Million Meals for people struggling with food insecurity across the... Read Story

November 11, 2020, 09:00 AM

Hedgeweek, one of the hedge fund industry’s leading publications, announced that EisnerAmper LLP was voted the “Best North American Accounting Firm” at its Hedgeweek USA Awards 2020, held virtually on October 29. The winners were voted upon by... Read Story

November 10, 2020, 08:00 AM

Franklin Capital, a leading finance company, dedicated to helping small to medium-sized businesses meet their cash flow needs, is pleased to announce our participation in the SFNet’s 76th Annual Convention, the largest gathering of secured finance... Read Story

November 09, 2020, 08:55 AM

Phoenix Management announced that Rodney Gayle, Managing Director of Phoenix Management Services, has been awarded the designation of Certified Turnaround Professional (CTP). As a financial leader, Rodney has more than 30 years of experience managing... Read Story

November 09, 2020, 08:00 AM

Hilco Global announced that it has donated an additional $50,000 to the All Stars Project in Chicago. The donation is part of an ongoing company program called Hilco Helps, Hilco Global’s philanthropic arm that supports its corporate and employee... Read Story

November 05, 2020, 08:00 AM

The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA... Read Story

November 05, 2020, 07:55 AM

B. Riley Advisory Services has announced the opening of an office in Mexico. B. Riley Advisory Services de Mexico. S. de R.L. (“B. Riley Advisory Services de Mexico”) will be led by Gaston Mauvezin, a seasoned executive with 20+ years of leadership... Read Story

November 05, 2020, 06:00 AM

Cassel Salpeter & Co., an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide, announced it acted as exclusive financial advisor to Westchester General Hospital in... Read Story

November 04, 2020, 09:10 AM

The Dixie Group announced the successful negotiation of a $75 million, five year, senior secured revolving credit facility with Fifth Third Bank providing for borrowing based on percentages of values of the company's accounts receivable and inventory... Read Story

November 03, 2020, 08:10 AM

Star Mountain Capital, LLC, a specialized investment manager focused on the goal of generating alpha for its clients from the complex, labor intensive and underserved U.S. lower middle-market (established small and medium-sized private businesses... Read Story

October 30, 2020, 08:00 AM

Market Alpha Advisors, a financial markets advisory firm that specializes in market structure and financial technology, today announced an agreement with RSM US LLP (RSM), the leading provider of audit, tax and consulting services focused on the... Read Story

October 30, 2020, 07:15 AM

Citizens Financial Group has appointed Donald Felix to drive the national expansion of its digital Consumer Banking capabilities.Felix will join Citizens in January as Head of National Banking, reporting to Eric Schuppenhauer, President of Consumer... Read Story

October 30, 2020, 07:00 AM

Cozen O’Connor was awarded the Philadelphia Bar Association’s inaugural Bar Champion Award at today's Fall Quarterly meeting. The award was created by association staff to honor law firms, law departments, legal service organizations, or law schools... Read Story

October 29, 2020, 08:00 AM

TAB Bank opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, Texas. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million.  Approximately 400... Read Story

October 27, 2020, 08:07 AM

itizens and EVERFI today announced the introduction of a digital education program aimed at helping empower high school juniors and seniors to make wise financial decisions early when planning for post-secondary education. The new program leverages a... Read Story

October 26, 2020, 09:00 AM

Crestmark secured a total of $30,557,358 in ABL financial solutions for 13 new clients; Crestmark Equipment Finance provided $2,309,779 in two new lease transactions; Crestmark Vendor Finance provided $8,572,042 in 117 new transactions; the... Read Story

October 22, 2020, 08:24 AM

A&G Real Estate Partners has completed bankruptcy court-approved sales of Stage Stores, Inc.’s Jacksonville, Texas distribution center and two other properties to two buyers. The Melville, N.Y.-based A&G has been serving as real estate advisor for... Read Story

October 22, 2020, 08:00 AM

On behalf of Banner Bank, President and Chief Executive Officer Mark J. Grescovich announced the creation of the Banner Bank Small Business Opportunity Fund to help address social and racial injustice by augmenting the economic viability of... Read Story

October 21, 2020, 09:03 AM

Apex Group Ltd. (“Apex”), a global financial services provider, announced that it has been appointed to provide fund administration to the USD 200 million “Financing Opportunities Fund” of SHUAA Capital psc (“SHUAA”), the leading asset management and... Read Story