News
Once Mighty Brand Aggregators Seek Reset
The Deal | April 5, 2024 | By: Conner Searfoss Brand aggregators, once viewed by institutional capital as a golden goose, have fallen on hard times, and those times look set to continue. Read The Full Report
Should Apple Buy Peloton? Here are the Pros and Cons of an Acquisition
Business Insider | January 27, 2022 | By: William Edwards Should Apple buy Peloton? 3 experts break down the pros and cons of the tech giant acquiring the embattled digital fitness firm. Read The Full Report
M&A Advisor Releases Winners of the 12th Annual Emerging Leaders Awards
M&A Advisor | August 23, 2021 | By: Steve Finney Christian Sorensen, Senior Director, named to the 12th Annual Emerging Leaders Awards list honoring the achievements of outstanding young professionals who have reached a significant level of success in mergers and …
DISTRESSED DAILY: Life Time Says Fitness Is Too Fickle and Fatty
Bloomberg | January 14, 2021 | By: Katherine Doherty Life Time Inc. has distinguished itself from failing fitness peers in three ways: It’s not just a gym, its facilities are huge, and it hasn’t gone bankrupt. Part-wellness refuge and part-entertainment …
MedMen Announces Tom Lynch Elected as Chairman of the Board
MedMen Enterprises Inc. | December 16, 2020 | By: Zeeshan Hyder MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a leading cannabis retailer with operations across the United States, today announced that Tom Lynch has been elected …
Solvency vs. Liquidity Ratios
US News | July 10, 2020 | By: Paulina Likos These ratios will kick-start your analysis on evaluating a company’s financial well-being. Read The Full Report
America Inc faces a wave of bankruptcies
The Economist | May 16, 2020 | By: Vijay Vaitheeswaran “Larry Perkins of SierraConstellation Partners, a restructuring firm, thinks a legal bottleneck is “absolutely” possible unless courtrooms “evolve to digest it”.” Read The Full Report
SierraConstellation Partners Adds New York Office to Advisory
Bloomberg | February 4, 2020 | By Katherine Doherty – SierraConstellation Partners, a middle-market management and advisory firm, opened its first office in New York with David Bitterman appointed as managing director, according to a company release.
What Keeps ABL Lenders Up At Night?
ABF Journal | November/December 2019 Issue | By: Bob Riiska & Will White – ABL lending may seem cut and dried to outsiders, but those on the inside know that even the most carefully designed loans can go awry. Turnaround …
WeWork co-founder pushed aside in $5B SoftBank takeover
Associate Press | October 22, 2019 | By Alexandra Olson – WeWork is accepting a financial rescue package that hands control of the company to Japanese tech giant SoftBank and pushes aside co-founder Adam Neumann and his grandiose vision of …
WeWork spreads funding net as debt investors balk
International Financing Review | October 18, 2019 | By Michelle Sierra & Paul Kilby – WeWork’s attempts to raise US$5bn in the loan and bond markets were faltering last week as the embattled office sharing company sought alternative financing amid …
WeWork bonds sink as bankers circulate rescue financing proposals
WeWork’s bonds tumbled to fresh lows Tuesday after details emerged of a high-cost $5 billion financing plan for the embattled office-share venture to help it avoid a cash-flow crisis. Read the Full Report
SierraConstellation Partners Promotes Kaestle to Senior Director
abfjournal | September 6, 2019 | – SierraConstellation has promoted Philip Kaestle to senior director. He will relocate to Seattle as the firm establishes a presence in the Northwest U.S. market. Read the Full Report
Sears sues former CEO Edward Lampert, claiming he stripped $2 billion in assets as it headed to bankruptcy
The Chicago Tribune | April 18, 2019 | By Lauren Zumbach – Sears Holdings Corp. has filed a lawsuit against its former chairman and CEO, Edward Lampert, and his hedge fund, claiming they wrongly siphoned $2 billion in assets from …
Overexpansion Often Biggest Issue For Retailers (Radio)
Bloomberg Daybreak Asia Radio | March 13, 2019 | Hosts: Rishaad Salamat and Doug Krizner – Larry Perkins discusses what’s separating the winners from the losers in the retail sector, and how the ability to adapt is essential. Listen to …
CEO’s latest bid to save Sears would leave pensioners high and dry, government says
The Washington Post | January 28, 2019 | By Rachel Siegel – Eddie Lampert’s last-ditch moves to save Sears have been lambasted by workers rights groups, the company’s unsecured creditors and bankruptcy experts alike. Read The Full Report
Sears and Kmart employees aren't necessarily out of luck when it comes to receiving severance — but it all depends on timing
Business Insider | January 12, 2019 | By Aine Cain – Sears isn’t officially doomed yet. Chairman Eddie Lampert placed a revised $5 billion takeover bid on Thursday. Read The Full Report
Sears sees last-gasp rescue bid as it barrels toward total collapse
The Washington Post | January 8, 2019 | By Drew Harwell – The retail giant Sears will review a revised rescue bid from its chairman, Eddie Lampert, before moving forward on total liquidation, giving the hedge-fund billionaire a final shot …
Eddie Lampert steered Sears into bankruptcy, but he's found ways to gain if it sinks
Business Insider | October 24, 2018 | By Hayley Peterson – Sears has imploded under the leadership of former Wall Street wunderkind Edward S. Lampert. Read The Full Report
Sears files for bankruptcy after years of turmoil
The Washington Post | October 15, 2018 | By Rachel Siegel – Sears, the one-time titan of American retail, filed for bankruptcy ahead of a $134 million debt payment due Monday and announced that it will close 142 stores. Read …