FTI Consulting is acting as restructuring advisor for 24 Hour Fitness, which filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 24 Hour Fitness expects to secure $250 million in debtor-in-possession financing.
FTI Consulting appointed Matt Callaghan a senior managing director in the firm’s corporate finance and restructuring segment in London, where he will lead the UK mid-market and insolvency offering.
APC Automotive Technologies filed voluntary petitions for reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The company also negotiated agreements with certain of its existing term loan lenders for $50 million in debtor-in-possession financing.
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.
FTI Consulting is serving as financial advisor and PJT Partners is serving as investment banker to LATAM Airlines, which initiated a voluntary reorganization and restructuring of the company’s debt under Chapter 11 protection in the United States.
FTI Consulting entered into a definitive agreement to acquire certain assets of Delta Partners, a telecom, media and technology-focused strategy consulting and investment banking firm.
FTI Consulting is acting as restructuring advisor and Centerview Partners is acting as financial advisor to Ultra Petroleum, which agreed to the terms of a comprehensive balance-sheet restructuring with key creditor constituencies and filed for reorganization under Chapter 11.
Bank of America will provide debtor-in-possession financing to fund the restructuring process of Techniplas, which filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.
FTI Consulting appointed Ben Shrimpton and Mark Pulvirenti senior managing directors in Sydney, Australia. Shrimpton joined the corporate finance and restructuring segment and Pulvirenti joined the forensic and litigation consulting segment.
Alvarez & Marsal North America served as restructuring advisor, Evercore served as financial advisor and Kirkland Ellis served as legal counsel to Tapstone Energy in connection with the conclusion of a comprehensive financial restructuring.