November 24, 2020
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Article 9 Sale: Cushnie, LLC and Cushnie Trademark, LLC

Bid Deadline is November 25th by phone or November 27th by email. Sale to be conducted by counsel to secured lender, Michael A. Buxbaum, of Lowenstein Sandler.

More information on DailyDAC here.
 

Article 9 Sale: Windwrap, LLC

Bid Deadline is December 4th. Sale to be conducted by counsel to the secured lender, Robert W. Glantz, of Fox Rothschild LLP.

More information on DailyDAC here.
 

Receivership Sale: The Robbins Company

Bid deadline is December 14th. Sale to be conducted by Inglewood Associates LLC, through its CEO/Managing Director, John K. Lane (“Receiver”). Robbins is one of the world’s foremost providers of advanced, underground construction equipment and services, including Tunnel Boring Machines (TBMs) and related equipment such as conveyors and cutters.

More information on DailyDAC here.
 

Industry Movers & Shakers

Congrats to Arnold Porter for its hire of Maja Zerjal Fink away from Proskauer. Congrats to Sugar Felsenthal for snagging Chris Cahill away from Lowis & Gellen, where he led its bankruptcy group. Congrats Paul Kinealy for being promoted to Senior Director at Alvarez & Marsal.
 

Revisiting Fraudulent Transfer Remedies After TOUSA

The power to avoid and recover fraudulent transfers of a debtor’s property is one of the best tools in the Bankruptcy Code. In “Fraudulent Transfer Remedies: How Much is Enough?”, Laura Davis Jones (Pachulski Stang Ziehl & Jones LLP) explores this flexible tool while also pondering the questions left unanswered by the TOUSA case.
 

A Must-Watch for Owners/Directors/Officers of Distressed Businesses

This webinar is designed to provide a financially distressed business with an overview of the legal tools available to help address its issues. Also highly recommended for the junior corporate restructuring professional.

Learn more or purchase here.
 

Find Opportunistic Deals

Become a member of DailyDAC’s Opportunistic Deal Database to gain access to a highly curated list of deals that no other resource can give you. And unlike every other resource, membership is limited to 300 seats.

Subscribe or learn more here.
Latest Deals Added to the Opportunistic Deal Database
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.
iGlobal - The Independent Sponsors & Capital Providers Dealmakers Meeting

Secured Party Sales

  1. Major recreational property - three tracts - (26097)
  2. Student housing construction company - (26088)
  3. Fashion label & house (w/trademark) - (26116)
  4. Industrial property - 10,000+/- sq. ft. - (26098)
  5. 2,851 sq. ft. commercial building - (26093)
  6. Construction & utility equipment - (26096)

Private Company Sales

  1. Steel sheet goods manufacturer - (26120)
  2. Steel fabrication business - (26117)
  3. Oilfield services company - (26121)
  4. Metal manufacturer - (26119)
  5. CNC machine shop - (26118)

Assignment for the Benefit of Creditors Sales

  1. Marketing services company - (26130)
  2. Consumer product designer - (26129)

Chapter 11 - 363 Sales

  1. Metal foundry (w/real estate & equipment) - (26107)
  2. Franchised fast food restaurant chain - (26109)
  3. Upstream oil, gas & water assets - (26058)
  4. Office equipment - Multiple lots - (26106)
  5. Art, antiques & coins - (26108)

Chapter 11 - Investment Banker Application Filed

  1. Energy & technology services company - (26102)
  2. Healthcare organization - (26105)
  3. Natural gas provider - (26103)
  4. Industrial sawmill - (26104)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Oil & natural gas exploration & production co. - (26101)
  2. Directional drilling services provider - (26099)
  3. Real estate investment firm - (26100)

Chapter 7 - Sale of Business Assets

  1. Commercial services company (w/remnant assets) - (26138)
  2. Equipment - Metal & mining services plant - (26139)
  3. Commercial property - 17,458 sq. ft - (26142)
  4. Commercial beverage license - (26141)
  5. Office equipment - (26140)

Chapter 12 Bankruptcy

  1. Land parcel - 10.5 acres - (26069)
  2. Cropland - 320 acres - (26067)

Rating Agency Alerts/Other Signs of Distress

  1. IT & financial services company - (26083)
  2. Gaming technology company - (26084)
  3. eCommerce media company - (26086)
  4. LED lighting manufacturer - (26082)
  5. Healthcare/IT company - (26085)

Auctions

  1. Heavy industrial equipment - Multiple lots - (26134)
  2. Industrial & commercial equipment - (26135)
  3. LED lighting retailer (w/inventory) - (26137)
  4. Woodworking tools - Multiple lots - (26136)
  5. Material handling plant - (26132)
  6. Frozen yogurt shop - (26131)

Other Interesting Sales

  1. Farm machinery & livestock equipment - (26080)
  2. Farming equipment - Multiple lots - (26078)
  3. 78 acres livestock farm - (26077)
  4. Farmland - two tracts - (26079)
  5. Farm - 46.90 acres - (26081)

Bulk Sales

  1. Commercial beverage license - (26124)
  2. Franchised pizza restaurant - (26128)
  3. Gourmet hot dog restaurant - (26126)
  4. Coffee shop (w/equipment) - (26123)
  5. Retail gas station - (26122)
  6. Frozen yogurt shop - (26125)

Receiverships

  1. Underground construction equipment provider - (26061)
  2. Commercial property interest - 36,927 sq. ft. - (26064)
  3. Hospitality Building - 50,721 sq. ft. - (26065)
  4. Integrated investment platform - (26062)
  5. Two unit apartment building - (26066)
  6. Hydrocarbon properties - (26063)

Mass/Significant Layoffs

  1. Relay & industrial control manufacturer - (26072)
  2. Multi-site restaurant group - (26071)
  3. Metal tank manufacturer - (26149)
  4. Furniture manufacturer - (26148)
  5. Full-service hotel - (26074)

Plant/Facility Closings

  1. Advanced composite materials manufacturer - (26073)
  2. Long-distance freight & trucking company - (26111)
  3. Industrial paint services company - (26114)
  4. Metal tank manufacturer - (26113)
  5. Hardware retailer - (26112)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
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