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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.
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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. |
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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. |
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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. |
Secured
Party Sales
- Fine
autographs & artifacts -
(23200)
- Grocery
store (w/equipment) - (23198)
- Vacant
land - 2,150 sq. ft. - (23201)
- Steel
works plant - (23199)
- Trampoline
park - (23197)
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Private
Company Sales
- Cultivation/Type
7 manufacturing business -
(23258)
- Aluminum
Recycling & Processing
Facility - (23255)
- Oil/Fuel
Terminal (w/2.5 Acres of Land) -
(23253)
- Screw
machine manufacturing company -
(23252)
- Production
brewery & tasting room -
(23256)
- Water
bottling line business - (23260)
- Urban
wine making business - (23257)
- Dispensary
retail license - (23259)
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Assignment
for the Benefit of Creditors Sales
- Research
& business development co.
(23178)
- Medical
research holding company -
(23181)
- Clinical
trial site platform - (23177)
- Healthcare
research company - (23180)
- Financial
holding company - (23179)
- Clinical
research group - (23176)
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Chapter
11 - 363 Sales
- Independent
exploration & production
company - (23261)
- Mixed-Use
Condo Building – 26,000 sq. ft.
- (23189)
- Restaurant
& brewery (w/beverage
license) - (23210)
- Developer
of neural interface products -
(23212)
- Investment
fund (w/minerals) - (23208)
- LED
lighting system dealer - (23213)
- Aerospace
support company - (23211)
- Lumber
company - (23217)
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Chapter
11 - Investment Banker Application
Filed
- Commercial
food retailer/restaurant group -
(23269)
- Dairy
processing company - (23270)
- Senior
care business - (23272)
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Chapter
11 - Case Filing Indicates Future
Asset Sale
- No
New Deals This Week
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Chapter
7 - Sale of Business Assets
- 0.37
acre parcel of land (w/steel
building) - (23207)
- 400+/-
acre fish farm facility -
(23202)
- Custom
rubber manufacturer - (23196)
- Moving
& storage facility - (23203)
- Firearm
collection - (23205)
- 9+/-
acre parcel - (23206)
|
Chapter
12 Bankruptcy
- Communications
& utility easement - (23275)
- Real
estate - Multiple lots - (23276)
- Four
parcels of farmland - (23273)
- Farming
equipment - (23274)
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Rating
Agency Alerts/Other Signs of
Distress
- Golfing
& sports entertainment
company - (23266)
- Foodservice
equipment manufacturer - (23262)
- Developer
of mobility software - (23263)
- Ski/mountain
resort company - (23264)
- Gaming
company - (23265)
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Auctions
- LED
video panels & event
production equipment - (23228)
- Ice
cream shop equipment - Multiple
lots - (23227)
- Audio
Video equipment - Multiple lots
- (23226)
- Precision
metal fabrication company -
(23231)
- Paving
contracting equipment - (23230)
- Grass
turfing business - (23229)
|
Other
Interesting Sales
- Developer
of digital administration
software - (23232)
- Oil
field equipment distributor -
(23234)
- Healthcare
vaccine developer - (23236)
- Biotechnology
company - (23233)
- Cruise
line operator - (23235)
|
Bulk
Sales
- Retail
grocery business - (23184)
- Real
estate developer - (23185)
- Beverage
retailer - (23182)
- Restaurant/cafe
- (23183)
- Retail
pharmacy - (23188)
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Receiverships
- Bicycle
wheel manufacturer (Tour de
France) - (23191)
- Retail
Building - 3,500 sq. ft. -
(23192)
- Industrial
& office equipment - (23190)
- Residential
land - 140 acres - (23194)
- 272
unit apartment building -
(23193)
|
Mass/Significant
Layoffs
- Manufacturer
of pressure control equipment -
(23242)
- Aftermarket
automotive parts manufacturer -
(23240)
- Industrial
specialty products dealer -
(23239)
- Hydraulic
fracturing services - (23244)
- Commercial
bread company - (23243)
- Global
oil & gas company - (23238)
- Energy
services company - (23237)
- Oil
tools dealer - (23241)
|
Plant/Facility
Closings
- Logistics/final
mile delivery company - (23250)
- Photography/image
sharing company - (23247)
- Commercial
printing company - (23249)
- Retail
distribution center - (23251)
- Freight/railway
company - (23248)
- Restaurant/bar
- (23246)
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is not a solicitation or offer to buy or sell any
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2020 by DailyDAC, LLC and may not be reproduced
without written permission of DailyDAC, LLC but this
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