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Restructurings

News

Satmex Explores Possible Sale

The Mexican satellite operator has announced that it will use Perella Weinberg Partners as the financial advisor.

Homebuilder WCI Prepares For Other Options

WCI president and chief executive Jerry Starkey said the company experienced a dramatic drop in new orders in the Northeast and Mid-Atlantic states.

'Big Dig' Builder Files For Protection

The petition for bankruptcy protection was brought about by the company's failure to get paid for work done on behalf of the Massachusetts Highway Dept. and the Massachusetts Turnpike Authority.

Lazard Middle Market Bolsters Three Groups

The investment bank announces personnel moves affecting its M&A, restructuring and private placement businesses.

Hilco Launches Distressed REO Venture

The firm has partnered with Real Estate Principal Solutions to launch a fund targeting distressed residential properties.

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Articles

Sharper Image IP Assets Sold

A group of investors received court approval to acquire the Sharper Image brand.

NexCen Looks to Unload Assets

NexCen Brands, alongside news that it would delay its first-quarter earnings statement, said it exploring 'all strategic alternatives,' including the possible sale of one or more of its businesses. The company also disclosed that it is in discussions its lender and intends on taking immediate steps to trim its operating budget.

Eyeing Distress

Most dealmakers will claim they relish an inefficient M&A market. That partiality, however, is being put to the test, as the opportunity for turnaround and distress situations has forced investors to reconsider how they value businesses. Whether it's backward-moving earnings or a company on the brink of collapse, evaluating these types of transactions isn't nearly as cut and dried as deal pros may be used to.

Restructuring Renewal at Jefferies

Jefferies & Co. may have lost its restructuring and recapitalization practice co-heads, but the firm has replaced them and expects an uptick in business.

Duff & Phelps Opens Paris Restructuring Office

Duff & Phelps' restructuring arm hung its shingle in Paris, bringing in Marc-Antoine Cabrelli, Sophie Moreau-Garenne and Fabrice Keller to focus on turnarounds, distressed and special situations for the investment bank.

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