Deerfield Capital Corp. said it will buy private credit asset-management company Commercial Industrial Finance Corp. for about $53 million in cash and stock.
Following the completion of the merger, CIFC Chief Executive Peter Gleysteen will become chief executive of the combined company, while Deerfield Chief Executive Jonathan Trutter will become a vice chairman. The new company will have its headquarters in New York and its main operations in Chicago. Get the full story »
