AppHarvest filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also obtained a commitment from Equilibrium for $30 million in debtor-in-possession financing.
Robin Chiu joined Portage Point Partners as a managing director. Chiu has more than two decades of restructuring advisory experience, having spent the last three years as a senior managing director in Teneo’s financial advisory group
Adam Waldman joined Portage Point Partners as managing director of investment banking. Waldman has more than 15 years of experience in corporate finance, spending more than 10 years at Moelis & Company.
Portage Point Partners, a business advisory, interim management and financial services firm, launched a transaction advisory services (TAS) practice.
Steve Bremer has joined Portage Point Partners as managing director, investment banking. Bremer Steve brings over more than 15 years of experience in investment banking, most recently serving as a pPartner in the Centerview restructuring and debt advisory group.
Portage Point Partners, a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, added Vladimir Kasparov to the firm as a managing director.
Portage Point Partners, a business advisory and interim management firm, added a team of executives to its retail practice, including managing directors Tom Park and Glenn McMahon and senior advisers Michael Feurer and Gerry Rittenberg.
Portage Point Partners, a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, hired Adam Chonich as a managing director.
Bouchard Transportation filed voluntary petitions to restructure under Chapter 11. Kirkland & Ellis and Jackson Walker are acting as Bouchard’s legal counsel, while Portage Point Partners is serving as restructuring advisor and Jefferies is serving as investment banker.
Hornbeck Offshore Services emerged from Chapter 11. As part of its plan of reorganization, Hornbeck also closed on its common stock rights offering, which resulted in a $100 million cash infusion of new equity capital led by the special opportunities funds of Ares Management.