Many of the world’s largest private equity funds and institutions choose us as counsel when interested in acquiring financially distressed companies or assets. We assist equity sponsors in structuring, negotiating, documenting and closing complicated and innovative M&A transactions. Private equity clients benefit from our renowned capabilities in Financial Restructuring, where we counsel clients on out-of-court corporate restructurings and chapter 11 cases, including workouts, 363 asset sales, exchange offers, and pre-packaged and pre-arranged chapter 11 cases.
Some of our most prominent recent equity sponsor representations include:
- Ad hoc group of term loan lenders in the chapter 11 cases of Vertellus Specialties Inc. as the “stalking horse” bidder to acquire substantially all of the company’s assets for over $450 million.
- Secured lenders in the purchase of the TV Business from Relativity Media LLC via a 363 sale as part of the company’s chapter 11 reorganization.
- Oaktree Capital Management as private equity investor in the restructuring of Molycorp Inc., the largest producer of rare metals in the US.
- KKR as sponsor in the reorganization of its portfolio company Samson Resources Corporation.
- Cerberus Capital Partners in the acquisition of General Motors Acceptance Corporation, with a transaction value of $13 billion.
- Albertson’s/Acme Markets in its purchase of A&P-affiliated grocery stores through a section 363 sale in A&P’s chapter 11 bankruptcy cases.
