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 June 2, 2020
 

Public Notice of 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.
 

Public Notice of Sale of Assets of Lake Street Landscape Supply, LLC June 2-12.

June 2-12 Matthew Brash of Newpoint Advisors Corporation, as assignee, is selling the assets of Lake Street Landscape Supply, LLC, a sustainable landscape materials, supplies, tools and machinery company. See the full public notice on DailyDAC.
 

PSA to All Private Equity Fund Managers: Beware of the Loan-to-Own Risks Inherent in the Chapter 11 Process

Loan-to-own private equity funds should be aware of the risks inherent in the chapter 11 process. The procedures behind confirming or blocking a chapter 11 plan creates challenges for loan-to-own private equity firms. Attorney Christopher M. Cahill at Lowis & Gellen LLP discusses some of these risks and challenges and analyzes a recent Washington bankruptcy case that confronted some of the issues presented by loan-to-own private equity funds in the article “Meridian Sunrise Village: Risks of Loan-to-Own Strategy.”
 

PPP Loan Funds for Companies that File Bankruptcy is Risky...What Can You Do as a Distressed Company?

Although courts have been, so far, mostly friendly to debtors who take Paycheck Protection Program funds, the SBA’s war against Chapter 11 debtors continues. If you need PPP funds but you also need to restructure your financial situation, consider non-bankruptcy options. Learn more about these options in “PPP Loans for Chapter 11 Debtors? Maybe…But You Have Other Options” by Sugar Felsenthal attorneys Mark Melickian and Jeremy Waitzman.
 

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.
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. Commercial land - Two parcels - (23397)
  2. Chain of dental offices - (23396)
  3. Restaurant equipment - (23395)
  4. Three land parcels - (23398)
  5. 0.58+/- Acre lot - (23394)

Private Company Sales

  1. Private label chemical manufacturing co. - (23416)
  2. Automation product distributor company - (23415)
  3. Industrial crating manufacturer - (23413)
  4. Equipment producing company - (23411)
  5. Chemical/equipment supplier - (29412)
  6. Specialty machine shop - (23414)

Assignment for the Benefit of Creditors Sales

  1. Nationally branded destination management co. - (23419)

Chapter 11 - 363 Sales

  1. Oyster restaurant (w/real estate) - (23467)
  2. Transportation services business - (23463)
  3. Commercial printing business - (23464)
  4. Meal delivery business - (23466)
  5. Agriculture equipment - (23465)

Chapter 11 - Investment Banker Application Filed

  1. No New Deals This Week

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Artificial intelligence/processor technology co. - (23399)

Chapter 7 - Sale of Business Assets

  1. Litigation Claims & Intellectual Property - (23451)
  2. Real estate developer - (23452)
  3. Transportation vehicles - (23454)
  4. Oilfield supply company (23455)
  5. RV retailer - (23457)

Chapter 12 Bankruptcy

  1. Commercial land - 122-acre (w/equipment) - (23475)
  2. Agriculture equipment - Multiple lots - (23476)
  3. Farming/rotary equipment - (23473)
  4. Farmland - 80 acres - (23474)

Rating Agency Alerts/Other Signs of Distress

  1. Developer of edible oil refining processing technologies - (23407)
  2. Real estate management & maintenance services company - (23403)
  3. Developer of electricity generation devices - (23406)
  4. Operator of senior living facilities - (23404)
  5. Alcohol product brand developer - (23408)

Auctions

  1. Restaurant & golf course (w/equipment) - (23450)
  2. Earthmoving Equipment - Multiple lots - (23446)
  3. Commercial land - 18 vacant lots - (23449)
  4. 20 commercial lots - 46.14 acres - (23448)
  5. Manufacturer of metallic barrels - (23443)
  6. Fastener manufacturer - (23444)

Other Interesting Sales

  1. Dealer of electric vehicle charging equipment - (23428)
  2. Manufacturer of fluid transfer systems - (23430)
  3. Real estate investment trust (REIT) - (23429)
  4. Specialty immunoglobulin company - (23427)
  5. Biopharmaceutical company - (23426)

Bulk Sales

  1. Franchised commercial cleaning business - (23435)
  2. Bar/cocktail lounge (w/equipment) - (23434)
  3. Restaurant (w/beverage license) - (23431)
  4. Full-service restaurant - (23432)
  5. Casual food restaurant - (23433)

Receiverships

  1. 365 room hotel - 10,088 sq. ft. meeting space - (23390)
  2. Retail strip center (w/six storefronts) - (23392)
  3. Oilfield servicing company - (23410)
  4. Scrap metal processor - (23409)

Mass/Significant Layoffs

  1. Full-service general contracting & construction co. - (23439)
  2. Full-service dining company - (23440)
  3. Retail distribution center - (23437)
  4. Ocean-front resort - (23441)
  5. Mountain resort - (23438)

Plant/Facility Closings

  1. Manufacturer & distributor of automobile batteries - (23423)
  2. Hot strip mill & tempering plant - (23421)
  3. Public utility holding company - (23425)
  4. Manufacturer of airline brakes - (23424)
  5. Printing plant - (23422)
View All Deals on DailyDac.com


 
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