ORIX Corporation USA (“ORIX USA”) and Hilco Global have entered into a definitive agreement under which ORIX USA will acquire a majority equity ownership of Hilco Global. The proposed transaction will accelerate ORIX USA’s growth by adding Hilco Global’s extensive valuation expertise, advisory platform, and asset-based lending investment capabilities to complement and expand ORIX USA’s middle-market focused credit platform. The proposed transaction will enable both firms to deepen execution
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Total bankruptcy filings were 276,126 during the first six months of 2025, a 10 percent increase from the 251,069 total filings during the same period a year ago, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total individual filings registered an 11 percent increase, as the 260,938 filings during the first half of 2025 were up from the 235,849 filings during the first six months of 2024. Individual chapter 7 filings climbed to 163,219 during the
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AST SpaceMobile, a company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, announced the closing of a $100.0 million equipment financing facility led by Trinity Capital. This non-dilutive financing is designed to support AST SpaceMobile’s accelerated manufacturing and network deployment goals during 2025 and 2026.“This new non-dilutive financing enables AST SpaceMobile to
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eCapital Corp. appointed David Leonard as vice president, supply chain finance, within its commercial finance division. This addition reflects eCapital’s continued investment in scaling its supply chain finance platform and expanding its ability to deliver tailored capital solutions through a focused, enterprise-ready sales approach.Leonard, who joins following the recent addition of Jeff Butts as senior vice president, supply chain finance, brings more than 20 years of experience leading
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MidCap Business Credit completed an $18,000,000 million asset based credit facility to Jordan Manufacturing Company, a manufacturer of outdoor seating cushions headquartered in Monticello, IN. Additionally, the Company has developed an industrial paint filtration product and has recently entered into an exclusive manufacturing agreement with a wholesale supplier to the auto industry. The Company's primary customer base consists of discount department stores, home improvement stores, dollar
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The Equipment Leasing & Finance Association (ELFA) is celebrating the passage of the One Big Beautiful Bill, marking the permanent enactment of two long-standing priorities for the equipment finance industry: 100% expensing and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)-based interest deductibility. “These provisions are foundational to a healthy, competitive environment for business investment,” said ELFA President and CEO Leigh Lytle. “Making them permanent
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GA Group has been engaged by Elk Home to manage the complete liquidation of the company’s inventory as it ceases operations after over four decades in business. For over 40 years, Elk Home has been a recognized leader in upscale lighting, also offering a comprehensive range of high-quality furniture and décor designed for the attainable luxury lifestyle. In addition to its designer lighting, Elk Home’s collection includes modern dining tables and chairs, accent and occasional tables, consoles
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T-Max Lending closed a $53.5 million construction loan for the development of a 114-unit luxury multifamily project in Boulder City, Nevada. The project is being led by Avrex, a fractional real estate investment platform founded by CEO Ryan Triphahn, focused on democratizing access to commercial real estate while delivering consistent rental income to investors.Located near Lake Mead and the Hoover Dam, the project aims to bring modern, high-quality housing to one of Nevada’s most scenic and
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Solifi announced the acquisition of Leasepath, a leading middle-market provider of global equipment finance loan and lease management technology.This strategic acquisition accelerates Solifi’s expansion and solution portfolio into the mid-market sector and will facilitate the sharing of know-how, in-depth expertise and resources between Solifi and Leasepath with the objectives of accelerating growth and reinforcing market leadership status.“Leasepath is an exciting addition to Solifi’s portfolio
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The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $50 million follow-on investment in Victory Park Capital Investor Fund W, LP (the “Fund”), reinforcing its commitment to financial inclusion and economic resilience in Emerging Markets. With this latest investment and additional support from IDB Invest, which upsized its commitment by $50 million in January 2025, the Fund now exceeds $200 million in total commitments.IFC’s new commitment extends the
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TAB Bank provided a $2.5 million factoring facility to Ryan Transportation, Inc., a Livonia, Michigan-based truckload transportation provider. The facility will strengthen cash flow and working capital, enabling Ryan Transportation to maintain its reputation for providing personal service that exceeds customer expectations.Founded over 55 years ago, Ryan Transportation specializes in serving the automotive industry and its suppliers across the United States, with a strong presence in the Great
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SSG Capital Advisors served as the investment banker to The Warrell Corporation (“Warrell” or the “Company”) in the sale of its equity interests and owned real estate to Wolfgang Operations, LLC, and Wolfgang Facilities, LLC, respectively (collectively, “Wolfgang Confectioners”). The transaction closed in June 2025.Founded in 1965 and headquartered in Camp Hill, Pennsylvania, The Warrell Corporation is one of North America’s top contract confectionery manufacturers. The Company has built a
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OSI Systems announced the successful expansion and extension of its senior secured credit facility, increasing the total borrowing capacity from $750 million to $825 million. The facility is comprised of a $725 million revolving credit facility and a $100 million term loan. The amendment increases the flexibility of certain provisions and extends the maturity from December 2026 to July 2030.Alan Edrick, Executive Vice President and Chief Financial Officer, stated, “We are pleased to have
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Greenberg Traurig continues the strategic expansion of its Private Equity Practice with the addition of Sidney Nunez as a shareholder in the Houston office. Nunez joins the firm from Willkie Farr & Gallagher, where he served as a partner."As part of our continued focus on enhancing our strong private equity and M&A practices worldwide, we are thrilled to welcome a highly accomplished private equity shareholder to our rapidly expanding Texas team," said Richard A. Rosenbaum, Greenberg Traurig's
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B. Riley Securities acted as sole bookrunner in a $172.5 million follow-on offering for Bit Digital, Inc. Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The company began accumulating and staking Ethereum (ETH) in 2022 and now operates one of the largest institutional ETH staking infrastructures globally.Net proceeds from the transaction will be used to procure additional ETH and expand its long-term accumulation and staking of
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