Toys ‘R’ Us Winds Down U.S. Business, Will Liquidate 735 Stores

Toys “R” Us filed a motion seeking bankruptcy court approval to begin the process of conducting an orderly wind-down of its U.S. business and liquidation of inventory in all 735 of the company’s U.S. stores.

Innovative Financing: From Mellon & Sons to Alternative Lenders’ Impact on ABL Today

In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.

Shoe Retailer Payless Exploring Restructuring

Reuters reported that discount shoe retailer Payless is working with restructuring attorneys to deal with approximately $665 million in debt.

Kirkland & Ellis Adds Liu to Shanghai Office

Paula Liu joined the Kirkland & Ellis International’s Shanghai office as a partner in the Corporate Practice Group.

Birks Joins London Office of Kirkland & Ellis

Jonathan Birks joined Kirkland & Ellis International’s London office as a partner in the Debt Finance Practice group. Birks focuses his practice on UK and pan-European real estate finance transactions.

Kirkland & Ellis Expands M&A Practice with Davis Hire

Jonathan Davis joined Kirkland & Ellis’ New York office as a partner in the Corporate Practice Group. Davis joined the firm from Cravath, Swaine & Moore.

Bacon Joins Kirkland & Ellis as Partner in Houston

Doug Bacon joined Kirkland & Ellis as a corporate partner in its Houston office.

Kirkland & Ellis Represents Arsenal Capital in Fund Raise

Kirkland & Ellis represented private equity firm Arsenal Capital Partners in its fundraising for Arsenal Capital Fund IV at its $1.3 billion hard cap.

Kirkland & Ellis Represents Bayside in Bodybell Restructuring

Kirkland & Ellis represented Bayside, a credit affiliate of H.I.G. Capital, as the largest lender in the restructuring of the Bodybell group of companies.

Kirkland Advises Oaktree on Partnership with SunOpta

SunOpta, a global company focused on organic, non-genetically modified and specialty foods, entered into an agreement with Oaktree Capital Management to secure $85 million in equity financing. Kirkland & Ellis advised Oaktree.