COVID-19 and Wildfires Test Mettle of California Wineries
COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...
Iconic Loeb Boathouse Makes Layoffs Permanent, Shutters Until Spring 2021
The Loeb Boathouse, an iconic restaurant in New York City's Central Park, notified the New York Department of Labor on September 8...
Effects of COVID-19 Recession on Tourism
From airlines to hotels to cruises, tourism businesses have faced unprecedented distress due to the COVID-19 pandemic.
Global travel...
PE Firms See 100 Fewer Distressed Assets in Q3 than Q2
The U.S. economy continues to suffer from the COVID-19 pandemic. But as bankruptcies and defaults continue to pile up, private equity firms...
Regal Suspends All U.S. Movie Theater Operations due to Pandemic
On October 5, Regal Entertainment Group owner Cineworld Group plc announced the suspension of its U.S. movie theater operations.
U.S. Universities, Colleges Face Crisis amid COVID-19
Higher education institutions began 2020 under financial pressure nationwide, due to declining enrollments and shrinking support from state governments. But in spring, the...
P.F. Chang’s Announces New and Continued Layoffs in Ongoing COVID-19 Response
The restaurant industry has been one of the hardest hit by COVID-19. Restaurants like P.F. Chang's China Bistro, Inc., already struggling before...
Revlon Considers New Options to Remain Solvent After Distressed Bond Exchange Fails
The first sign that Revlon, Inc. (NYSE: REV) was becoming a distressed asset occurred in May.
A loan...
COVID-19 Drives Down New Car Sales, Used Car Sales Up
The COVID-19 pandemic has significantly impacted consumers’ behaviors and reduced demand for products and services to date in 2020. Automakers have been...
Distressed Airline Industry Faces Furloughs as PPP Nears its End
Many industries have been impacted by the COVID-19 pandemic, but maybe none so much as the travel industry. The airline industry has...
Recent Articles
New High Yield Bond Ratings October 12 – October 16, 2020
At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...
New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020
At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...
Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud
Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).
BlackRock Invests in UK Electric Vehicle Startup, Arrival
US funds manager BlackRock Inc. has invested $118 million in electric vehicle startup Arrival Ltd. The investment is the most Arrival has...
COVID-19 and Wildfires Test Mettle of California Wineries
COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...
Most Popular
Nordic Capital Raises Latest Private Equity Fund with €5 Billion Target
Nordica Capital is raising its tenth private equity fund with a €5 billion target, according to pension fund documents from the Massachusetts...
Partners Group Nears €1 billion Deal to Acquire Rovensa from Bridgepoint
Partners Group Holding AG (PGHN.SW), has acquired a majority stake in agricultural crop protection and nutrition business Rovensa from Bridgepoint. This deal...
Equity Crowdfunding Platforms Crowdcube and Seedrs Agree to Merge
Crowdcube Capital Ltd (Crowdcube) and Seedrs Limited (Seedrs), two of the leading equity crowdfunding platforms in the UK, announced that they have...
Private Equity Firms Raise $8.52 Billion in June
In the month of June, private equity firms raised approximately $8.52 billion, according to data tracked by The Buttonwood Tree.
SK Capital adds Specialty Polymers Business to Portfolio
SK Capital Partners, LP, today announced it has signed an agreement to acquire the specialty polymers business from Baker Hughes. Subsequently, the...
