Hilco Global announced its new operating structure through the creation of two divisions—Hilco Global Professional Services and Hilco Global Capital Solutions. Both divisions will report to Hilco Global’s Founding Chairman and CEO, Jeffrey B. Hecktman. In this new structure, the firm will operate as a subsidiary of ORIX Corporation USA, following the completion of ORIX USA’s acquisition of a majority equity interest in the 38-year-old financial services and advisory firm.“Bringing together ORIX
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September 04, 2025 @ 08:15 AM
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The number of distressed small businesses electing to file for subchapter V of chapter 11 of the U.S. Bankruptcy Code increased 17 percent to 200 last month from the 171 registered in August 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial bankruptcy filings decreased 3 percent in August 2025 to 2,541 from 2,603 in August 2024. Commercial chapter 11 filings in August 2025 decreased 0.5 percent to 616 from the 619 filings in
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September 04, 2025 @ 08:06 AM
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Amerisource Business Capital closed a $7,000,000 senior credit facility to support an industrial printing company. The financing was used to facilitate an acquisition and provide working capital to support ongoing operations and growth. Grant Flamang, Market Manager at Amerisource, commented on the transaction: "This funding is a great example of how we’re able to support acquisitions with tailored financing solutions. We provided a facility backed by accounts receivable and inventory to help
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September 04, 2025 @ 08:05 AM
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the appointment of Liam Sorensen as Senior Relationship Manager, Originations. In this strategic role, Sorensen will be responsible for fostering and expanding client relationships, sourcing new opportunities, and supporting the firm’s lending and investment activities across the seniors housing market. He will be reporting to Karina Davydov, Senior Managing Director, Healthcare. With nearly a decade
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September 04, 2025 @ 08:03 AM
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First Citizens Bank and Triple Oak Power announced that First Citizens’ Energy Finance business provided a $60 million credit facility to Triple Oak Power, a U.S.-based renewable energy developer focused on developing sustainable energy plants.Triple Oak Power – backed by Energy Capital Partners, a leading investor in energy transition companies – has an 8-gigawatt pipeline of utility-scale onshore wind and hybrid projects currently under development in the U.S.This new credit facility will be
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September 04, 2025 @ 08:00 AM
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Houlihan Lokey announced that Anthony Basmajian has joined the firm’s Business Services Group as a Managing Director to expand its global IT services coverage capabilities.Basmajian joins Houlihan Lokey following eight years at Harris Williams, where he was most recently a Managing Director and Head of IT Services Coverage. While there, he built the firm’s IT services coverage practice and focused on a broad range of subsectors, including managed services, managed security, managed compliance
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September 04, 2025 @ 07:14 AM
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Eastern Bank announced Genuine Food Lab, LLC (Genuine Foods) as a new asset-based lending customer. Founded in 2013, Genuine Foods is a Boston-based foodservice management company that specializes in providing quality food for K–12 schools, higher education institutions, senior living communities and specialty venues across 16+ states. The company is committed to making fresh, high-quality school food and meals accessible to all and has delivered more than 16 million meals to public, independent
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September 04, 2025 @ 07:08 AM
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Carleton, a leading provider of compliant loan calculation and disclosure solutions, released findings from a nationwide survey highlighting the extent to which lenders face ongoing compliance risks, calculation inaccuracies, and regulatory change management challenges that impact both operations and customer trust. The survey, presented to more than 2,000 lending, banking, auto finance, and fintech professionals, revealed that over two-thirds of organizations experience loan payment
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September 04, 2025 @ 07:04 AM
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Alvarez & Marsal (A&M) announced the official launch of its Thailand practice, marking yet another notable advancement in the firm’s Asia-Pacific growth strategy. The first chapter of this market expansion is through Alvarez & Marsal Tax, (A&M Tax), an affiliate of A&M. This expansion reinforces A&M’s commitment to deliver premium, conflict-free tax advisory services across the region. To lead the new Thailand platform, A&M Tax has appointed five seasoned professionals: Anthony Loh, Korneeka
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September 04, 2025 @ 07:00 AM
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A Tiger Group online auction closing on September 11 features pristine audiovisual gear from Red Letter Rentals, a Southern California rental house known for its clientele of filmmakers, cinematographers and productions. “We are very pleased to be chosen by Red Letter Rentals to sell their high-quality, rental- and production-ready gear—from Arri Alexa digital cameras, to Angénieux lenses and state-of-the-art MYT Works Opti-Glide focus system,” said Jonathan Holiday, Senior Director, Business
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September 04, 2025 @ 07:00 AM
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Gordon Brothers has acquired Atlantic Risk Management Services (Atlantic RMS), a London-based firm specializing in accounts receivable audits and realizations. The acquisition expands Gordon Brothers’ valuation and corporate recovery capabilities in the U.K. and Europe and further enhances the firm’s ability to deliver comprehensive solutions to clients and partners across their lifecycle. “We are thrilled to welcome Atlantic RMS to Gordon Brothers,” said Mark Newton-Jones, Head of Europe, the
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September 03, 2025 @ 08:10 AM
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Rosenthal Capital Group (RCG) announced that Jeff Biesiada has joined RCG as Senior Business Development Officer for its Equipment Finance Division, effective September 2, 2025. With over 20 years of experience in the commercial finance industry, Jeff joins RCG with extensive background in equipment finance & leasing and will be responsible for developing new business with commercial equipment vendors and dealers, private equity firms, ABL partners and restructuring shareholders. Most recently
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September 03, 2025 @ 08:05 AM
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MidCap Business Credit (“MBC”) closed a $25 million asset-based credit facility for a sponsor backed manufacturer of recycled plastic resins based in the Midwest. The credit facility is comprised of a working capital revolver and a machinery and equipment term loan.The credit facility will be used to support the company’s working capital needs and refinance existing debt, enabling the business to expand capacity and meet growing product demand. The borrower is a key supplier to food
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September 03, 2025 @ 08:03 AM
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Trinity Capital announced the appointment of Brian Geraghty as Managing Director of Equipment Finance, based in Dublin, Ireland. Geraghty, with over fifteen years of experience originating loans to high-growth companies, will help drive the growth of the Company's Equipment Finance business in Europe through his deep industry knowledge and established relationships. "We are pleased to welcome Brian to our team," said Ryan Little, Senior Managing Director of Equipment Finance at Trinity
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September 03, 2025 @ 08:01 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Mooring USA (“Mooring”) by private equity sponsor Crossplane Capital.Founded in 2004 and headquartered in Fort Worth, TX, Mooring is a third-generation, family-owned company providing 24/7 end-to-end disaster restoration and commercial construction services. Specializing in fire, water, wind damage, mold remediation, reconstruction
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September 03, 2025 @ 08:00 AM
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