LBO Transactions in Bankruptcy: Fraudulent Transfer Issues for Lenders, Equity Purchasers,... Impact of Merit Management and Other Recent Case Law May 31, 2018 • CLE • CLE On-Demand This CLE course will update practitioners on the latest challenges to leveraged buyout (LBO) transactions ...
(NIL) in College Athletics Private Equity and Buyout Real Estate Transactions and Finance Special Purpose Acquisition Companies (SPACs) Tax Venture Capital / Emerging Companies Advertising, Marketing and Media California State Government and Regulatory Policy and Government Contracts Digital Health ...
Neiman Marcus had been struggling with a nearly $5 billion debt load, due mainly to its 2013 leveraged buyout by Ares and Canadian public pension fund CPPIB from other private equity firms. Davidson Kempner was a uniquely situated creditor because it held debt across the capital structure, ...
And several retailers at risk according to CreditRiskMonitor, or by Fitch’s measure, are either currently owned by private equity or had previous private equity ownership. Some occupy sectors that seemed to thrive during the pandemic, like home, pets or crafting. Trends that buoyed those ...
A lender group led by private equity firm Cerberus Capital Management announced it would buy Apex Group for $45 million in a deal that would relieve Apex of some of its debt. However, several Apex Parks "Boomers!" locations were permanently shut down in June. And in February, Apex Parksfil...
Toys “R” Us struggled for years after a 2005 private equity buyout left it with a $5 billion debt load, and its bankruptcy has left former workers fighting for scraps. A group of employees circulated a petition that calls for the fees and interest the private-equity owners made on the...
As a mall-based, teen apparel retailer owned by private equity (acquired by Advent International in 2009 in a $380 million take-private buyout), Charlotte Russe joins other embattled retailers hampered in a turnaround. Already under pressure to notch sales, the debt level creates a situation ...
Hertz has also had a debt problem that can be traced back to a 2005 leveraged buyout by private-equity firms. Founded in Chicago in 1918 and originally known as Rent-a-Car Inc., Hertz opened its first airport car-rental facility at Midway Airport in 1932. The company’s owners have inc...
US investor Lone Star last year beat out global buyout firms Blackstone Group and SoftBank-owned Fortress Investment Group to take control of Unizo.Read more>> Singapore Home Sales Exceed Two-Year High as Curbs Loom Singapore home sales rose to the highest in more than two years in January,...
Even before the pandemic shuttered much of the economy, J. Crew was struggling with changes in consumer tastes. It was also saddled with a debt load stemming from its $3 billion leveraged buyout in 2011 by private equity firms TPG Capital and Leonard Green & Partners, which one analyst cite...