Receive this Newsletter May 19, 2020
 

Public Notice of 363 Sale

William A. Brandt, Jr. of Development Specialists, Inc. (“DSI”), as chapter 11 Trustee of San Luis & Rio Grande Railroad, Inc. (“SLRG”) is selling SLRG’s 100% Membership Interest in its wholly-owned subsidiary Massachusetts Coastal Railroad, LLC, via stalking horse auction. Bid Deadline June 16, 2020. Auction to be held on June 19, 2020. Read the full public notice here.
 

The Elegant Swan and the Clumsy Duck: What is Recharacterization in Bankruptcy?

The power to recharacterize a claim as equity is not explicitly provided for by the Bankruptcy Code, but some courts have determined that the Bankruptcy Code does contemplate recharacterizations. In the article “The Elegant Swan and the Clumsy Duck: What is Recharacterization in Bankruptcy?” Attorneys James T. Bentley and Kelly (Bucky) Knight at Shulte, Roth & Zabel explain recharacterization and how bankruptcy courts analyze recharacterization issues.
 

June 23 & On-Demand - Opportunity Amidst Crisis

A virtual, on-line symposium for business owners, corporate directors and officers, private equity professionals, and others seeking to learn the ins and outs of dealing with a financially distressed company – whether running one, buying one, or trying to get paid by one. This three-part webinar series, co-produced in cooperation with eight leading trade organizations, is unprecedented in scope, format, and participation. For more information or to register, click here.
 

DailyDAC’s Opportunistic Deal Database

DailyDAC’s ODD curates information about distressed companies and assets of distressed companies that are for sale or that are likely to become for sale. No other service is as complete or as speedy. Public and other large companies get plenty of attention when they become distressed. The smaller ones - those in the vast middle market - often go relatively unnoticed, and that is where real deals are found. Click here for more info.
About the Opportunistic Deal Database
Vulture Investors Take Note:

Looking to buy companies out of bankruptcy? Assets of financially distressed companies in receivership, assignment or from lenders who have foreclosed on, and are selling, their collateral under Article 9 of the UCC? Search for excess assets resulting from plant closings? Targeting other sellers who need to sell urgently and other opportunistic/special situations?

Check out DailyDAC's Opportunistic Deal Database (ODD). The ODD culls such opportunities.

Subscribe here for access
The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so our paid subscribers can easily find these deals on our website.
Private Equity Career News (PECN) Book

Secured Party Sales

  1. Fine autographs & artifacts - (23200)
  2. Grocery store (w/equipment) - (23198)
  3. Vacant land - 2,150 sq. ft. - (23201)
  4. Steel works plant - (23199)
  5. Trampoline park - (23197)

Private Company Sales

  1. Cultivation/Type 7 manufacturing business - (23258)
  2. Aluminum Recycling & Processing Facility - (23255)
  3. Oil/Fuel Terminal (w/2.5 Acres of Land) - (23253)
  4. Screw machine manufacturing company - (23252)
  5. Production brewery & tasting room - (23256)
  6. Water bottling line business - (23260)
  7. Urban wine making business - (23257)
  8. Dispensary retail license - (23259)

Assignment for the Benefit of Creditors Sales

  1. Research & business development co. (23178)
  2. Medical research holding company - (23181)
  3. Clinical trial site platform - (23177)
  4. Healthcare research company - (23180)
  5. Financial holding company - (23179)
  6. Clinical research group - (23176)

Chapter 11 - 363 Sales

  1. Independent exploration & production company - (23261)
  2. Mixed-Use Condo Building – 26,000 sq. ft. - (23189)
  3. Restaurant & brewery (w/beverage license) - (23210)
  4. Developer of neural interface products - (23212)
  5. Investment fund (w/minerals) - (23208)
  6. LED lighting system dealer - (23213)
  7. Aerospace support company - (23211)
  8. Lumber company - (23217)

Chapter 11 - Investment Banker Application Filed

  1. Commercial food retailer/restaurant group - (23269)
  2. Dairy processing company - (23270)
  3. Senior care business - (23272)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. No New Deals This Week

Chapter 7 - Sale of Business Assets

  1. 0.37 acre parcel of land (w/steel building) - (23207)
  2. 400+/- acre fish farm facility - (23202)
  3. Custom rubber manufacturer - (23196)
  4. Moving & storage facility - (23203)
  5. Firearm collection - (23205)
  6. 9+/- acre parcel - (23206)

Chapter 12 Bankruptcy

  1. Communications & utility easement - (23275)
  2. Real estate - Multiple lots - (23276)
  3. Four parcels of farmland - (23273)
  4. Farming equipment - (23274)

Private Equity Career News (PECN) Webinar - 5/21

Rating Agency Alerts/Other Signs of Distress

  1. Golfing & sports entertainment company - (23266)
  2. Foodservice equipment manufacturer - (23262)
  3. Developer of mobility software - (23263)
  4. Ski/mountain resort company - (23264)
  5. Gaming company - (23265)

Auctions

  1. LED video panels & event production equipment - (23228)
  2. Ice cream shop equipment - Multiple lots - (23227)
  3. Audio Video equipment - Multiple lots - (23226)
  4. Precision metal fabrication company - (23231)
  5. Paving contracting equipment - (23230)
  6. Grass turfing business - (23229)

Other Interesting Sales

  1. Developer of digital administration software - (23232)
  2. Oil field equipment distributor - (23234)
  3. Healthcare vaccine developer - (23236)
  4. Biotechnology company - (23233)
  5. Cruise line operator - (23235)

Bulk Sales

  1. Retail grocery business - (23184)
  2. Real estate developer - (23185)
  3. Beverage retailer - (23182)
  4. Restaurant/cafe - (23183)
  5. Retail pharmacy - (23188)

Receiverships

  1. Bicycle wheel manufacturer (Tour de France) - (23191)
  2. Retail Building - 3,500 sq. ft. - (23192)
  3. Industrial & office equipment - (23190)
  4. Residential land - 140 acres - (23194)
  5. 272 unit apartment building - (23193)

Mass/Significant Layoffs

  1. Manufacturer of pressure control equipment - (23242)
  2. Aftermarket automotive parts manufacturer - (23240)
  3. Industrial specialty products dealer - (23239)
  4. Hydraulic fracturing services - (23244)
  5. Commercial bread company - (23243)
  6. Global oil & gas company - (23238)
  7. Energy services company - (23237)
  8. Oil tools dealer - (23241)

Plant/Facility Closings

  1. Logistics/final mile delivery company - (23250)
  2. Photography/image sharing company - (23247)
  3. Commercial printing company - (23249)
  4. Retail distribution center - (23251)
  5. Freight/railway company - (23248)
  6. Restaurant/bar - (23246)
View All Deals on DailyDac.com


 
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