Overview
From major infrastructure elements like electric power plants to intangible property like patents and trademarks, the Ropes & Gray team has broad experience in distressed asset sales and acquisitions. We have executed dozens of transactions through section 363 sales, as well as through receiverships, UCC foreclosures and ABCs. Our special situations team, which has been specifically trained in bankruptcy acquisitions, works in close coordination with our business restructuring team to provide efficient service to buyers and sellers of distressed assets.
Among the Ropes & Gray team’s recent and most notable asset sale and acquisition transactions are:
- Represented Brown University Health, a leading academic healthcare system based in Providence, Rhode Island, in its purchase of Saint Anne’s Hospital in Fall River and Morton Hospital in Taunton, Massachusetts, for $175 million in the Steward Health Care System bankruptcy.
- Representing TGI Friday’s Inc. and its affiliated debtors in their chapter 11 cases, including the sale of substantially all their assets pursuant to section 363.
- Represented Amylyx Pharmaceuticals, a global pharmaceutical company, in its successful bid of more than $35.1 million to purchase the avexitide assets of Eiger BioPharmaceuticals, Inc.
- Represented Shoes For Crews, a leading producer of non-slip shoes, in a sale to a group of its secured lenders through voluntary chapter 11 proceedings and in obtaining approximately $30 million in DIP financing from the secured lenders acquiring the business.
- Represented Bain and World Wide Packaging, LLC (“WWP”) consensually transition ownership from Bain to WWP’s secured lender through an out-of-court sale process.
- Represented Forma Brands, a builder of top beauty brands, in their Chapter 11 cases to address approximately $870 million of funded indebtedness, facilitate a going-concern 363 sale transaction for substantially all assets, and resolve numerous complex licensing and potential litigation issues
- Represented Caremap Holdings in the sale of Apricus Medical Group, operator of a primary care medical center.
- Represented Genocea Biosciences, a public company, through its sale of assets, including significant clinical intellectual property assets, and wind-down through a chapter 11 proceeding.
- Represented PetroChoice, the nation’s leading distributor and manufacturer of value-added lubricant solutions, in connection with its successful sale to a strategic acquirer for approximately $500 million.
- Represented Altamont Capital Partners in connection with its joint purchase for a substantial part of the business and assets of Alamo Drafthouse Cinemas through its chapter 11 cases.