March 2, 2021
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Article 9 Sale Public Notice re MidCap Funding IV Trust

Auction to be held March 12th (deadline to qualify to participate is March 9th) at the offices of Goldberg Kohn Ltd., in Chicago, IL. Assets to be sold include all the Collateral pledged by the U.S. Borrowers to the Lenders to support the Loans under the Credit Agreement (as each of those capitalized terms is defined in the Credit Agreement). The U.S. Borrowers include AVAD LLC, a Delaware limited liability company, and a number of its affiliates. More fulsome information is provided in the full public notice.
 

Assignee’s Sale Public Notice re Electronic Systems, Inc.

Commercial Recovery Associates, as Assignee for the Benefit of Creditors, will sell certain assets of Electronic Systems, Inc. (“Debtor”) on March 12th (deadline to qualify to participate is March 11th). The Debtor is an established 45-year low voltage integrated systems solution company providing security, fire, AV, monitoring services, as well as data system installation and service. The Assignee is represented by the Law Offices of William J, Factor. More fulsome information is provided in the full public notice.
 

Article 9 Sale Public Notice re Open Door Trading, LLC

Auction to be held on March 24th via internet video conference (deadline to qualify to participate is March 22nd). Assets to be sold include: (1) all rights, title and interest of Open Door Trading, LLC (“Debtor”) in its intellectual property associated with Borrower’s fixed income electronic platform software and associated patent rights; plus (2) Debtor’s 100% of the membership interest in OpenDoor Securities, LLC, an SEC-registered / FINRA member broker dealer engaged in trading fixed income securities using the software of Borrower described below; (3) other related assets as described in the full public notice, available here.
 

As the Economy and Stock Market Emerge from a Pandemic, Will Distressed Assets Go ‘Brrrr’?

The pandemic created many challenges for businesses and households, but recent economic news shows that these challenges come with great opportunities for those eyeing the distressed market. Restructuring professionals and DailyDAC expert authors have curated recent news to give you an idea of what to expect. Read “Stock Market Pundits & Economic Data: What Conclusions Can We Draw on the Distressed Asset Space?”
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 you can easily find these deals on our website by searching for this number.

Secured Party Sales

  1. Industrial building - 10,000 sq. ft. - (27580)
  2. 498+/- acres & mineral rights - (27584)
  3. Two commercial office suites - (27581)
  4. Two development properties - (27582)
  5. Seven single family homes - (27579)

Private Company Sales

  1. Seed processing plant (w/Real Estate) - (27620)
  2. Intellectual property portfolio - (27617)
  3. Tractor trailer repair company - (27621)
  4. Cannabis testing laboratory - (27619)
  5. Heavy equipment contractor - (27618)

Assignment for the Benefit of Creditors Sales

  1. Manufacturer of solar steam generators - (27596)
  2. Developer of neurotechnology systems - (27597)
  3. Packaging products provider - (27599)
  4. Home decor manufacturer - (27598)
  5. HVAC contractor - (27595)

Chapter 11 - 363 Sales

  1. Surveillance video product developer - (27635)
  2. Hotel (w/leasehold interests) - (27636)
  3. Real estate & improvements - (27638)
  4. Forklifts - multiple lots - (27639)
  5. Mobile home park - (27637)

Chapter 11 - Investment Banker Application Filed

  1. Transportation & marine supplier - (27641)
  2. Offshore drilling company - (27640)
  3. Financial holding company - (27643)
  4. Talc mining company - (27644)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Mining & recycling equipment dealer - (27645)
  2. Transportation motor carrier - (27647)
  3. Fresh cut produce provider - (27646)
  4. Construction company - (27648)
  5. Design services firm - (27649)

Chapter 7 - Sale of Business Assets

  1. Farming equipment (w/real estate) - (27610)
  2. Production / R&D Lab Equipment - (27607)
  3. 325,000+ name brand cosmetics - (27608)
  4. Investment services company - (27606)
  5. Full-service hotel - (27609)

Chapter 12 Bankruptcy

  1. Full-service farm (w/equipment) - (27634)
  2. Farmland - three acres - (27633)

Rating Agency Alerts/Other Signs of Distress

  1. Renewable hydrogen developer - (27574)
  2. Manufacturer of 3D printers - (27575)
  3. Financial services company - (27572)
  4. Biotechnology company - (27573)
  5. e-Commerce platform - (27576)

Auctions

  1. 10,000 sq. ft. commercial building - (27587)
  2. Major event production company - (27586)
  3. Trucking company (w/equipment) - (27590)
  4. Warehouse & retail facility - (27588)
  5. 0.44+/- acre building lot - (27585)

Other Interesting Sales

  1. Estate gun & ammunition collection - (27567)
  2. Land for development - 60 acres - (27564)
  3. 91 acre farm (w/real estate) - (27565)
  4. Farm - 200± acres - (27566)

Bulk Sales

  1. Five development properties - (27605)
  2. Commercial beverage license - (27604)
  3. Seven lots for development - (27601)
  4. Two development properties - (27602)
  5. 14 residential properties - (27603)

Receiverships

  1. 29,676 sq.ft. office / warehouse property - (27611)
  2. Lot for development - 2.3 acres - (27614)
  3. Retail property - 1,200 sq. ft. - (27613)
  4. Retail mall - 490,446 sq. ft. - (27612)
  5. Luxury villa/condominium - (27615)

Mass/Significant Layoffs

  1. Petroleum dispensing hardware producer - (27630)
  2. Transportation & logistics company - (27631)
  3. Supply chain company - (27628)
  4. Soft drink producer - (27632)
  5. Steel manufacturer - (27629)

Plant/Facility Closings

  1. Wholesale bakery/baked goods producer - (27626)
  2. Political data & technology agency - (27623)
  3. Drug distribution company - (27624)
  4. Two film processing plants - (27625)
  5. Prepared foods producer - (27627)
View All Deals on DailyDac.com
 
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1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
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