SSG Capital Advisors served as the investment banker to Publishers Clearing House in the sale of substantially all assets to ARB Interactive. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Southern District of New York. The transaction closed in July 2025.
SSG was retained in February 2025 to explore the company’s strategic alternatives, including a sale of the business. SSG launched a marketing process that attracted interest from domestic and international strategic and financial buyers. The final bid submitted by ARB Interactive was not only the highest and best offer, but it also represented a substantial increase over the opening bid.
Other professionals who worked on the transaction include:
- Tracy L. Klestadt, Stephanie R. Sweeney, Lauren C. Kiss and Andrew C. Brown of Klestadt Winters Jureller Southard & Stevens, counsel to Publishers Clearing House
- William H. Henrich and Laurence Sax, co-chief restructuring officers of Publishers Clearing House, and Nick Drepanos of Getzler Henrich & Associates, financial advisor to Publishers Clearing House
- Adam J. Goldberg, Daniel Mun and Ozden Samur-LaBruna of Latham & Watkins, counsel to ARB Interactive
- Vincent J. Roldan of Mandelbaum Barrett PC, counsel to the secured lender
- Kenneth P. Silverman, Brian Powers, Courtney M. Roman and Haley L. Trust of Rimon, counsel to the unsecured creditors committee
