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NuMed Partners, LLC has announced the Article 9 auction on July 21st (for which potential bidders must register by July 20th) of all of the right, title, and interest of JP Internet Ventures, LLC (“Ventures”) in Products JP, LLC (“Products”) and in a License and Transfer Agreement between Ventures and Products, which includes an exclusive license held by Ventures to use the trademark “POT.COM” and the internet domain names “pot.com”, “pot.cc”, “pot.directory”, “pot.email”, “pot420.club”, “pot420.com”, “pot420news.com”, “420cannabiscommunity.com”, and “420communitypot.com”, and all associated internet domain name services and capabilities, including email hosting, as forth in detail in the License and Transfer Agreement.
More information here on DailyDAC.
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Monroe Capital Management Advisors, LLC as administrative agent is selling all right, title, and interest of the Companies in all properties, rights, titles and interests of every kind and nature, owned, licensed or leased by the Companies that Monroe has security interests in and are capable of being conveyed pursuant to Article 9 of the UCC. The bid deadline is July 23, 2021.
More information here on DailyDAC.
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Sign up here to join the waitlist to subscribe to DISTRESSED DEAL DATAPOINTS™. The number of subscriptions is limited and will be offered on a first come, first served basis.
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If you read the sale notice referenced in #2 above, you will see that there is a stalking horse bidder. If you don’t know what that means in the context of distressed M&A, or in the more general context, read 90 Second Lesson: Stalking Horse Bid, Yay or Neigh? The term was first used by hunters, who came to observe that birds would typically fly away when humans approached but would not do so when certain animals, such as horses approached. Hunters learned to approach their prey by walking alongside their horses, keeping out of sight until the birds were close enough to shoot.
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You’re a vendor to a company that has filed bankruptcy, and you see on the “proof of claim” form the words: “amount entitled to priority.” Well, the Debtor told you that you’re a priority, right? So, you’re entitled to being paid first, right? Not so fast. There may be many more in line ahead of you. Find out where you rank among other unsecured creditors in “Which Creditors Get Paid First? The Liquidation Order of (Absolute) Priority” by Dentons partner Patrick Maxcy.
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Latest Deals Added to the Opportunistic Deal Database
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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.
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Secured Party Sales
- Construction & landscape vehicles - (29535)
- Landfill equipment - 240 lots - (29534)
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Private Company Sales
- Technology design & manufacturing business - (29494)
- Machine & woodworking supplier/wholesaler - (29496)
- Machine shop (w/real estate) - (29497)
- Two theaters (w/real estate) - (29495)
- Trucking & logistics company - (29498)
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Assignment for the Benefit of Creditors Sales
- Marketing & engagement agency - (29487)
- Biosciences product developer - (29488)
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Chapter 11 - 363 Sales
- Commercial development site - 0.99 acres - (29519)
- 15 unit multi-family building - (229516)
- Automotive parts warehouse - (29518)
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Chapter 11 - Investment Banker Application Filed
- Manufacturer of health & wellness products - (29491)
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Chapter 11 - Case Filing Indicates Future Asset Sale
- Energy & hydrocarbon exploration co. - (29489)
- Jewelry retailer - (29490)
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Chapter 7 - Sale of Business Assets
- Antiques, collectibles & furnishings - Multiple lots - (29512)
- Clothing designer (w/luxury furnishings) - (29515)
- Excavation equipment - Multiple lots - (29514)
- 2.98+/- acre undeveloped property - (29513)
- Transportation vehicles - (29510)
- Taxi-cab business - (29511)
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Chapter 12 Bankruptcy
- Full-service farm - (29493)
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Rating Agency Alerts/Other Signs of Distress
- Developer of orthobiologic products - (29544)
- Marine biotechnology company - (29543)
- Live sporting events company - (29545)
- Software technology company - (29546)
- CellTech bio-developer - (29542)
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Auctions
- Artisanal dairy & cheese production plant - (29553)
- Machine shop & plant support equipment - (29554)
- Precision CNC machining facility - (29551)
- CNC fabricating machinery - (29552)
- Fish farm (w/equipment) - (29555)
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Other Interesting Sales
- Winery (w/intellectual property rights) - (29549)
- Turnkey winery & vineyard - 200 acres - (29548)
- Vineyard (w/real estate) - 80 acres - (29550)
- Winery & nursery - 10 acres - (29547)
- Celebrity clothing brand - (29517)
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Bulk Sales
- Multiple restaurants (w/equipment) - (29505)
- Chiropractic services practice - (29507)
- Full-service restaurant - (29508)
- Franchised restaurant - (29506)
- Signage company - (29504)
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Receiverships
- 71,757 sf office and retail building - (29533)
- Office building - 6,400 sq.ft. - (29531)
- Vineyard & winery - (29530)
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Mass/Significant Layoffs
- Automotive components manufacturer - (29526)
- Precision steel parts manufacturer - (29527)
- Dairy processing plant - (29529)
- Full-service egg farm - (29528)
- Healthcare facility - (29525)
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Plant/Facility Closings
- Designer of hazardous material systems - (29523)
- Electric home appliance manufacturer - (29524)
- Automotive transmission manufacturer - (29522)
- Hardware & fastener manufacturer - (29521)
- Wholesale electricity servicer - (29520)
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DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]
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