Alvarez & Marsal is serving as restructuring advisor to Libbey, which filed voluntary petitions under Chapter 11 of the Bankruptcy Code. In addition Libbey’s existing lenders agreed to provide up to $160 million in DIP financing.
Coty signed a definitive agreement with KKR as part of a transformation that will deleverage Coty’s balance sheet, streamline its operations and strengthen its leadership team. KKR is investing $1 billion directly into Coty through the issuance of convertible preferred shares.
FTI Consulting appointed William Brydges managing director in the technology transformation offering within the firm’s corporate finance and restructuring segment. Brydges previously served as chief information officer and chief technology officer for a defense contractor.
Coty appointed Gordon von Bretten chief transformation officer to assist the company’s leadership in accelerating and amplifying the company’s transformational journey. von Bretten previously has served in leadership roles with AlixPartners, A.T. Kearney and KKR Capstone.
Alvarez & Marsal added Craig Jones as senior director to its energy practice in Houston. Jones has held numerous leadership roles across the oil and gas value chain, including in oilfield services, upstream, midstream and downstream sectors.
Stapleton Group, a provider of financial advisory and professional fiduciary services, expanded its team by hiring Michael Husted, Joan Hadeed and Emily Chen. The firm also promoted Jake Diiorio to managing director.
SC&H Capital, an investment banking and advisory firm, entered into a joint venture with two healthcare consulting firms, Healthcare Management Partners and I3 Healthcare Consulting, to better serve the strategic and financial needs of the healthcare industry.
According to data from Datasite and Debtwire, 71% of U.S. dealmakers, 70% of deal markers in Europe, the Middle East and Africa, and 61% of dealmakers in the Asia Pacific region expect to see more restructuring activity in the next 12 to 24 months.