June 29, 2021
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Be a Beta Tester for DISTRESSED DEAL DATAPOINTS™

Be a Beta Tester for DailyDAC’s DISTRESSED DEAL DATAPOINTS™. Sign up at no cost. Only an email address is required. If we decide to launch the DDD, beta testers will be given priority, and a discount, to subscribe. DDD is envisioned to be a once per week newsletter with actionable deal flow intel that will be made available to a limited number of subscribers.
 

Learn About Chapter 11 with a Flow Chart

Introducing DailyDAC’s Insolvency Decision Tree.
 

I’m Melting! How a Cash Crisis Is Like a Melting Ice Cube

If your business is experiencing a cash crunch, it may experience lower borrowing capacity and access to trade credit. The extent of your situation will dictate your options and the tools you’ll have to communicate with your stakeholders. A business facing a near-death liquidity crisis is much like a melting ice cube. Once the cash is gone and vendors or employees cannot be paid, the ice cube has melted, and the business has collapsed. Learn more in “How a Distressed Company Can Manage Cash and Stakeholders in a Liquidity Crisis” by Steven San Filippo of San Filippo & Associates.
 

Subchapter V Rap

Learn more about Subchapter V. Watch this music video.
Remember kids, KNOWLEDGE IS POWER!
 

Only You Can Prevent Forest Fires in Chapter 11

It takes very little paper to file a chapter 11 case, even for the largest of companies. Filing a “naked” chapter 11 petition, however, without appropriate first day motions is almost always a bad idea. Read more in Dealing with Corporate Distress 08: Preventing Forest Fires with First Day Motions in Chapter 11 by Jonathan Friedland, Jack O’Connor and Hajar Jouglaf of Sugar Felsenthal Grais & Helsinger LLP.
 
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. OEM supplier of automotive powertrain components - (29275)
  2. CNC & fabricating aerospace manufacturer - (29280)
  3. Antiques & collectibles - Multiple lots - (29341)
  4. Collectible farm tractors & trucks - (29269)
  5. Heavy equipment, tractors & trucks - (29281)

Private Company Sales

  1. Municipal & wastewater manufacturer - (29339)
  2. Electrical construction firm - (29338)
  3. HVAC business (relocatable) - (29340)
  4. Oral surgical practice - (29337)
  5. Metal manufacturer - (29336)

Assignment for the Benefit of Creditors Sales

  1. No new deals added this week.

Chapter 11 - 363 Sales

  1. Office & kitchen equipment - Multiple lots - (29320)
  2. Industrial pavement company (w/equipment) - (29278)
  3. Commercial beverage license - (29318)
  4. Four parcels of real estate - (29319)

Chapter 11 - Investment Banker Application Filed

  1. No new deals added this week.

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Floral & event design company - (29323)
  2. Hotel & motel developer - (29322)

Chapter 7 - Sale of Business Assets

  1. Estate collectibles & furnishings - Multiple lots - (29279)
  2. Intellectual property - in-store research agency - (29285)
  3. Inventory - aircraft parts & supplies - (29277)
  4. Hardware asset recycler (w/vehicles) - (29317)
  5. Fitness equipment - 60 lots - (29283)

Chapter 12 Bankruptcy

  1. 40 acre farm - (29324)

Rating Agency Alerts/Other Signs of Distress

  1. Developer of titanium/mineral properties - (29345)
  2. Virtual & augmented reality platform - (29346)
  3. Pharmaceutical company - (29347)
  4. Nutraceutical company - (29344)
  5. Organic food retailer - (29348)

Auctions

  1. Vacant land - l0.24 acres - (29354)
  2. Industrial vehicles - Multiple lots - (29355)
  3. On-site industrial repair company - (29356)
  4. Laboratory, pharmaceutical & tooling equipment - (29268)
  5. Industrial equipment - 150 lots - (29357)

Other Interesting Sales

  1. Commercial land - 27 acres - (29349)
  2. Farmland/ranch - 674 acres - (29351)
  3. Grass farm - 150 acres - (29352)
  4. Marina - 1.68 acres - (29350)
  5. Ranch - 440 acres - (29353)

Bulk Sales

  1. Wireless telecommunications company - (29313)
  2. Automotive parts retailer - (29312)
  3. Medical products supplier - (29315)
  4. Pharmacy retailer - (29314)
  5. Cafe/restaurant - (29316)

Receiverships

  1. Manufacturer of reusable respirators - (29273)
  2. Oil & natural gas properties - (29271)
  3. Branded hotel - 69 rooms - (29274)

Mass/Significant Layoffs

  1. Warehousing & distribution business - (29327)
  2. Transportation services company - (29326)
  3. Manufacturing services provider - (29328)
  4. Freight forwarding business - (23929)
  5. Sporting goods retailer - (29325)

Plant/Facility Closings

  1. Vehicle manufacturing supplier - (29331)
  2. Wholesaler of used clothing - (29332)
  3. Newspaper & newsprint mill - (29334)
  4. Ice cream manufacturer - (29335)
  5. Engraving plant - (29333)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]