VivoPower International was recognized as one of the global winners of the 2021 Turnaround Management Association Transaction of the Year Awards. The honor is in recognition of the hyper-turnaround of VivoPower in 2020 in the small companies’ category.
According to a survey from AlixPartners, in spite of currently available liquidity and low interest rates, 96% of restructuring experts believe the COVID-19 pandemic will cause their clients distress this year as enhanced access to liquidity from the past year dissipates.
B. Riley Advisory Services is serving as chief restructuring officer and financial advisor to Fresh Acquisitions, which filed for Chapter 11 bankruptcy protection. In addition, VitaNova Brands will extend a post-petition debtor in-possession loan to the company.
Ryan Luke rejoined Trimingham as managing director of the firm’s office in Portland, OR. Luke, who rejoined after 10 years away from the company, is responsible for Trimingham’s turnaround management practice in the Pacific Northwest.
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.