Amyris, a synthetic biotechnology company, is moving forward with an operational and financial restructuring to further advance its ongoing strategic transformation and position the company for long-term success.
Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware for the company’s planned operational wind-down.
Monster Beverage and Vital Pharmaceuticals (which, together with certain of its debtor affiliates, does business as Bang Energy and VPX Sports) entered into an asset purchase agreement under which a subsidiary of Monster would acquire substantially all of Bang Energy’s assets, including a beverage production facility located in Phoenix.
Lifesize, a provider of video conferencing and omnichannel contact center solutions, entered into an asset purchase agreement (APA) with Enghouse Systems, a vertical enterprise software solutions company. To effectuate the sale, the company filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Laredo Division.
Athenex, a global biopharmaceutical company, following an ongoing strategic review, has reached agreement with its lenders to move forward with an expedited sales process of the company’s assets across its primary businesses.
Sequential Brands Group, together with its wholly-owned subsidiaries, commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. In connection with this process, Sequential will be obtaining $150 million in debtor-in-possession financing from its existing lenders.
Avadim Health, a healthcare and wellness provider, completed a court-approved sale of substantially all its assets to a newly-created company owned by funds managed by Hayfin Capital Management following its Chapter 11 process.
Avadim Health agreed to sell its assets and filed voluntary petitions for protection under Chapter 11. Hayfin Capital Management, Avadim’s existing lender, entered into a binding stalking horse purchase agreement and committed to provide certain debtor-in-possession financing.
CarbonLite Holdings retained Force 10 Partners to lead its restructuring effort following its voluntary bankruptcy filing on March 8. Force 10 co-founder Brian Weiss will serve as chief restructuring officer.
MobiTV voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. MobiTV intends to use these proceedings to implement a restructuring process. FTI Consulting is serving as the company’s financial advisor.