Latham & Watkins Archives - Page 2 of 8

Barretts Minerals and Barretts Ventures Texas File for Chapter 11 Protection

Minerals Technologies and its subsidiaries, Barretts Minerals (BMI) and Barretts Ventures Texas filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to address and comprehensively resolve BMI’s liabilities associated with talc.

October 2, 2023 Jefferies | JMB Capital Partners Lending | Latham & Watkins | M3 Partners Ian Koplin

Rithm Capital Acquires Sculptor Capital Management for Approximately $639MM

Rithm Capital and Sculptor Capital Management entered into a definitive agreement under which Rithm will acquire Sculptor in a transaction valued at approximately $639 million, which includes $11.15 per Class A share of Sculptor.

Ares Management Acquires Crescent Point Capital

Ares Management entered into a definitive agreement to acquire 100% of Crescent Point Capital, an Asia-focused private equity firm with approximately $3.8 billion of assets under management.

Monster Enters into Asset Purchase Agreement for Bang Energy

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.

Latham & Watkins Advises Monitronics International on Chapter 11 Plan Confirmation

Monitronics International, a smart home security and alarm monitoring company, received confirmation from the U.S. Bankruptcy Court for the Southern District of Texas of its partially prepackaged plan of reorganization following an uncontested hearing on June 26.

July 5, 2023 Latham & Watkins | Monitronics International Ian Koplin

Lucky Bucks Enters RSA to Strengthen Balance Sheet and Enhance Liquidity

Lucky Bucks, a class B coin operated amusement machine (COAM) operator in Georgia, and its parent, Lucky Bucks HoldCo, completed a recapitalization transaction with the support of its secured lenders holding more than 86% of its secured debt.

Informa Acquires Winsight from HPS Investment Partners

Winsight, a B2B information provider in the foodservice and allied retail industries, will combine with London-based Informa, a publicly traded global events, digital products and academic services firm. Informa acquired Winsight from HPS Investment Partners.

Oaktree Capital Management Supplies $250MM in Debt Financing to Seres Therapeutics

Seres Therapeutics, a microbiome therapeutics company, entered into a new $250 million senior secured debt facility provided by funds managed by Oaktree Capital Management. Seres drew the first tranche of $110 million at closing, with three additional tranches available.

Virgin Orbit Files Plan to Resolve Outstanding Claim and Interests

Virgin Orbit Holdings and its U.S. subsidiaries filed a plan, which provides for, among other things, resolution of outstanding claims and interests and a related disclosure statement in the U.S. Bankruptcy Court for the District of Delaware.

Virgin Orbit Commences Voluntary Chapter 11 Proceeding

Virgin Orbit Holdings and its U.S. subsidiaries, a responsive space launch provider, commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in the District of Delaware in order to effectuate a sale of the business.

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