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 May 26, 2020
 

Sale of a nationally branded destination management company - LOI Deadline June 5

Insolvency Services Group, Inc., as Assignee for the Benefit of Creditors, announces sale of a nationally branded destination management company (name confidential, hereafter “DMC”). DMC was a leading, rapidly growing, nationally branded destination services management company that planned and organized over 1,700 events, corporate meetings, and excursions annually, including for a variety of high-profile corporate customers. Letters of Intent accepted through June 5, 2020. See the full public notice on DailyDAC.
 

Bankruptcy Gifts: How They Work and How to Properly Structure Them

Assume you have a first priory lien on all of a chapter 11 debtor’s assets. Assume further that you are owed $50 million, all the debtor’s assets sell in bankruptcy for $25 million, that there is a junior secured lender who is owed $10 million, and that trade creditors are owed $5 million. In the context of a chapter 11 plan you want to let the trade creditors have $5 million of what would otherwise be distributed to you despite the fact that the junior secured creditor will get nothing. Can you? Read “Bankruptcy Gifts: When a Court Will Look a Gift Horse in the Mouth” to find out.
 

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) Webinar - 5/21

Secured Party Sales

  1. Permian basin opportunity - 5 well package - (23295)
  2. Operated working interest - 7 oil wells - (23298)
  3. Royalty interests - Energy company - (23294)
  4. Corporate membership interests - (23292)
  5. Working interest - 114 oil wells - (23296)

Private Company Sales

  1. Commercial electrical services business - (23322)
  2. Oil/fuel terminal (w/2.5 acres of land) - (23323)
  3. Niche commercial construction business - (23325)
  4. Oil reserves & mineral rights w/land - (23324)
  5. Asphalt paving business - (23321)

Assignment for the Benefit of Creditors Sales

  1. Stone countertop fabrication & installation equipment - (23331)
  2. Financial holding company - Casual restaurant chain - (23338)
  3. Technology platform - clinical trial site - (23336)
  4. Clinical research business - (23337)
  5. Clinical research group - (23339)

Chapter 11 - 363 Sales

  1. 20,000 Sq. Ft. Sports & Entertainment Building - (23359)
  2. 133,964 Sq. Ft. hospitality building - (23361)
  3. 1,928 - 6,702 Sq. Ft. Condo Units - (23358)
  4. 10,083 Sq. Ft. - Office Building - (23360)
  5. 6,156 Sq. Ft. - Office Building - (23357)
  6. 3,439 Sq. Ft. - Office Building - (23356)

Chapter 11 - Investment Banker Application Filed

  1. Restaurant holding company - (23383)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Chain of department stores - (23282)

Chapter 7 - Sale of Business Assets

  1. Multiple recreation & transportation vehicles - (23284)
  2. Commercial pizza equipment - Multiple lots - (23290)
  3. Industrial equipment - Multiple lots - (23288)
  4. Early 20th C. Painting(s) - (23286)
  5. Firearms & militaria - (23289)
  6. Logging equipment - (23285)
  7. 60+/- firearms - (23291)

Chapter 12 Bankruptcy

  1. Agricultural land - 10 parcels - (23366)
  2. Agri-business (w/equipment) - (23368)
  3. Agriculture/real estate - (23362)
  4. Farming equipment - (23364)

Private Equity Career News (PECN) Book

Rating Agency Alerts/Other Signs of Distress

  1. Food holding company - coffee & wine products - (23312)
  2. Tarsands development & oil recovery company - (23315)
  3. Manufacturer of consumer wellness products - (23314)
  4. Video streaming & technology platform - (23313)
  5. Cancer diagnostics company - (23316)
  6. Chain of department stores - (23282)
  7. Fleet of cruise lines - (23317)

Auctions

  1. Wire harness & cable assembly manufacturer - (23328)
  2. Two industrial buildings ± 29,200 sq. ft. - (23329)
  3. Industrial property - 18,200+/- sq. ft. - (23335)
  4. Three industrial parcels - 26.5 acres - (23326)
  5. Industrial assemblage - 20 acres - (23333)
  6. Concrete recycling equipment - (23334)
  7. Industrial machine shop - (23327)
  8. Manufacturing business - (23330)

Other Interesting Sales

  1. Dealer of security products & services - (23302)
  2. Generic pharmaceutical manufacturer - (23301)
  3. Franchised fitness center chain - (23300)
  4. Global consulting services firm - (23303)
  5. Hemp biomass - 31,308 lbs. - (23281)

Bulk Sales

  1. Corporate & business services company - (23341)
  2. Commercial beverage/spirits license - (23340)
  3. Oil change & automotive repair shop - (23343)
  4. Bar/lounge (w/fixtures) - (23344)
  5. Optometry business - (23342)

Receiverships

  1. Three building development projects - (23306)
  2. Seven-story, 32-unit condominium - (23304)
  3. Real estate development company - (23305)

Mass/Significant Layoffs

  1. Automotive sales & marketing servicer - (23352)
  2. Power train parts manufacturer - (23355)
  3. Automotive parts manufacturer - (23353)
  4. Full-service restaurant chain - (23354)
  5. Integrated steel producer - (23351)

Plant/Facility Closings

  1. Casino & gaming facility - (23345)
  2. Mining services business - (23346)
  3. Metal fabricating plant - (23348)
  4. Metal tank manufacturer - (23349)
  5. Ship building facility - (23347)
  6. Riverboat casino - (23350)
View All Deals on DailyDac.com


 
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