Purchaser

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  • Are you looking at purchasing all of the assets of another company as a going concern?
  • Do you have a struggling competitor you are thinking of acquiring?
  • Are you a private fund with a distressed portfolio company you may need to “buy back” through a restructuring?
  • Do you understand the pros and cons of the various ways in which a distressed company can be purchased, and the pros and cons of each method?
    • Traditional Chapter 11 bankruptcy plan recapitalization
    • Traditional Chapter 11 363 purchase
    • Subchapter V reorganization or 363 purchase
    • From a bankruptcy trustee
    • From a receiver
    • From an assignee for the benefit of creditors
    • Through a UCC Article 9 sale
    • In a “naked” asset purchase
  • Do you wish to acquire debt in order to execute a “loan to own” strategy?
  • Are you adequately apprised of the unique risks in purchasing a distressed company, and how those risks are relatively lower or higher depending on your method of acquisition?
  • Would you like to purchase a distressed business but lack a specific target and want to learn how to source such deals?

We Can Help

Sugar Felsenthal’s Restructuring, Insolvency, & Special Situations (“RISS”) attorneys are among the most experienced in the United States.

View our credentials here. View our Team here.

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For a free consultation, email turnaround@sfgh.com or call any of Jonathan Friedland (312.704.2770), Mark Melickian (312.704.2174), or Jack O’Connor (312.704.2178). All inquiries will be treated with absolute strict confidentiality.

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  • In re Chellino Crane, Inc. (Bankr. N.D. Ill.).  SFGH represented one of the Midwest’s largest providers of industrial cranes in its chapter 11 liquidation sale to a larger competitor. 

  • In re Central Iowa Hospital (Bankr. S.D. Iowa).  SFGH served as special healthcare reorganization counsel to the Debtor, a hospital and clinic system serving four Iowa counties, in its successful chapter 11 case resulting in a sale of the hospital and clinic system as a going concern to a large not for profit health care system. 

  • In re GEM Hospitality, Inc., et al (Bankr. C.D. Ill.).  SFGH serves as primary bankruptcy counsel to the Debtors who own and operate the historic Pere Marquette Hotel and related hotel and commercial properties in Peoria, Illinois.

  • In re Agri-Fine, Inc.  (Bankr. N.D. Ill.).  SFGH served as lead bankruptcy counsel to this Chicago-based manufacturer of agricultural food products in its chapter 11 case. 

  • In re Montgomery Ward (Bankr. D. Del.). One of our attorneys served on the team representing Montgomery Ward, one of the nation's landmark retailers, in its liquidating chapter 11 case, resulting in the sale of substantially all of the company's real estate holdings to developers and investors and the liquidation of its other assets to satisfy creditor claims.

  • In re Tokheim Corporation (Bankr. D. Del.). One of our attorneys served on the team representing the debtors, a $1 billion manufacturer of retail petroleum distribution devices and related products, in their pre-packaged chapter 11 cases.

  • In re Mangia Mangia, Inc. (Bankr. N.D. Ill.). One of our attorneys served as bankruptcy counsel to a family owned restaurant and catering business in suburban Chicago, on all aspects of its chapter 11 case before the U.S. Bankruptcy Court for the Northern District of Illinois (Judge Eugene Wedoff).

  • In re Ben Franklin Stores (Bankr. N.D. Ill.).  One of our attorneys was lead bankruptcy counsel to one of the nation’s oldest national retain chains in its initial restructuring and ultimate liquidation through chapter 11.