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.
Vital Pharmaceuticals filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. VPX Sports is the maker of Bang energy drinks, among other consumer products.
Geoffrey Frankel joined Hilco Corporate Finance as CEO. Frankel has 30 years of experience advising middle-market clients on M&A transactions, financings, restructurings and litigation support services.
Bank of America and Wells Fargo provided Northwest Hardwoods with an asset-based loan during the company’s financial restructuring process and emergence from Chapter 11.
Huron Consulting Group is serving as financial advisor for Northwest Hardwoods, which filed for relief under Chapter 11 of the Bankruptcy Code. Bank of America and Wells Fargo will refinance an existing ABL facility as part of the company’s financial restructuring.
Huron Consulting Group amended its senior secured credit facility. Bank of America served as both administrative and collateral agent on the transaction.
The Chicago/Midwest Chapter of the Turnaround Management Association honored Compressor Engineering, Swishes Hygiene and Lee Steel with Turnaround of the Year Awards at its annual dinner.
Huron Consulting Group entered into an agreement to acquire Healthcare Services Management, a firm specializing in healthcare information technology and management consulting.
Huron Consulting Group added Kevin Turner to the company as a managing director in its Enterprise Performance Management & Analytics practice.
Huron Consulting Group appointed Amit Patel as a managing director in its Enterprise Performance Management & Analytics practice.