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Greensill approved to sell Finacity unit to White Oak Global

Greensill shedding Finacity to raise money for creditors just two years after acquiring the business

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Greensill Moves Toward Finacity Sale Despite Terms Changes

Greensill Moves Toward Finacity Sale Despite Terms Changes
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Greensill Says Ch. 11 Finacity Sale Resolves $20M Liability

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Greensill Says Ch. 11 Finacity Sale Resolves $20M Liability
Law360, London (July 8, 2021, 11:49 PM BST) -- Financier Greensill Capital Inc. told a New York bankruptcy judge Thursday that it has a buyer ready to purchase the debtor's interest in financial services firm Finacity Corp. and that a deal is in place that will absolve the debtor of $20 million in obligations for earnout payments.
During a virtual hearing, debtor attorney Kyle J. Ortiz of Togut Segal & Segal LLP said that after weeks of marketing and several extensions of the bid deadline, Greensill had been able to resolve issues surrounding earnout payments and employment agreements that involve Finacity CEO Adrian Katz.

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