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Bow River taps Sharma as managing director and Masoudpour as director for PE team

Sharma joins Bow River Capital from Investcorp International where he was most recently a principal on the private equity team.

Akin Gump appoints senior regulatory counsel in New York

Carlyle to Pay Investcorp $691 Million for Luxury Italian Label

(Bloomberg) Carlyle Group Inc.

Staionary Retailer Paper Source Files For Bankruptcy, Plans Sale

Staionary Retailer Paper Source Files For Bankruptcy, Plans Sale Jeremy Hill, Bloomberg News (Bloomberg) Paper Source Inc., the stationary and craft supplies chain, filed for bankruptcy with plans to sell itself after Covid-19 hampered expansion plans. The company intends to hand control of the business to an affiliate of MidCap Financial, a lending arm of Apollo Global Management, in exchange for debt forgiveness, court papers show. Paper Source owes about $103 million to lenders, including more than $55 million under a first-lien term loan. Paper Source, which has 158 stores across the U.S., expanded its reach last March when it bought about 30 stores from rival chain Papyrus out of bankruptcy. Less than three weeks later, Paper Source temporarily shut down all of its own stores, which generated more than 80% of sales in 2019.

Bankrupt Paper Source Sets Sale to Apollo-Backed Lender

Paper Source, which has field for bankruptcy, intends to hand control of the business to an affiliate of MidCap Financial