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Sientra Announces Completion and Winning Bidders of its Section 363 Sales Auction

Retrieved on:

Tuesday, April 2, 2024

Stifel, Tiger, Sale, Berkeley Research Group, Acquisition, Blank Rome, United States bankruptcy court, Bankruptcy, Breast, Regenerative medicine, Hearing, Kirkland & Ellis, Kirkland, Insurance

IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business. As consideration for the acquisition, Tiger will pay a cash consideration of $42.5 million as well as assume certain liabilities of the Company, including up to $7 million in cure costs for certain assumed contracts, all the Company’s warranties for breast implants sold prior to the closing date, and all of the Company’s customer contracts.

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IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business.
Sientra also announced that it has entered into a definitive agreement with Nuance Intermediary, LLC (“Nuance”), pursuant to which Nuance will acquire substantially all the assets of Sientra used in its BIOCORNEUM business.
Tiger Aesthetics Medical, LLC is represented by Blank Rome LLP as legal counsel and H.C. Wainwright & Co. as investment banker.
Nuance Intermediary, LLC, an investment of Nuance Holdings LLC, as well as the owner of Nuance Medical, is represented by Ferguson Braswell Fraser Kubasta PC as legal counsel.

National Philanthropic Trust Names Linda K. Myers Chair of the Board of Trustees

Retrieved on:

Tuesday, April 9, 2024

National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.

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National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.
She has served as vice chair of NPT’s Board of Trustees and chair of the Compensation and Human Resources Committee.
“Linda’s extensive experience in law, business, and governance, along with her lifelong dedication to philanthropy, is an excellent foundation for her to be NPT’s board chair,” said Eileen Heisman, CEO of National Philanthropic Trust.
“Linda joined NPT’s Board of Trustees in the early days of the pandemic and quickly became a strategic voice on the board and in her committee leadership.

Mesirow Names Ketan Shah to Newly Created Chief Strategy Officer Role, Reinforcing Focus on Growth Initiatives

Retrieved on:

Monday, April 8, 2024

Ketan, Associate, General counsel, RIA, Corporate development, Growth, Acquisition, Kirkland & Ellis, Kirkland, Head, Management

Shah to partner with CEO, Board of Directors and executive leadership team

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Shah to partner with CEO, Board of Directors and executive leadership team
CHICAGO, April 8, 2024 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced the promotion of Ketan Shah to Chief Strategy Officer.
In this newly created role, Shah will partner closely with Mesirow's CEO, Board of Directors and leadership team to develop and implement the firm's strategic growth plans.
In addition to serving as Chief Strategy Officer, Shah will continue with his existing responsibilities as the firm's General Counsel and will continue to report to Natalie Brown, Mesirow's CEO.
"Ketan's promotion to Chief Strategy Officer is a testament to his outstanding contributions and deep understanding of our business," said Natalie Brown , Mesirow CEO.

ProAmpac to Acquire Gelpac From an Investor Group Led by Namakor, and Supported by W Investments

Retrieved on:

Wednesday, March 13, 2024

Supply Chain Management, Packaging, Retail, Chemicals, Plastics, Environment, Sustainability, Manufacturing, Growth, Health, Agriculture, Partnership, CDPQ, Acquisition, Food, Investment, Kirkland

ProAmpac , a global leader in flexible packaging and material science, and Gelpac , a premier producer of multiwall paper and poly-woven packaging products, today announced the signing of a definitive agreement under which ProAmpac will acquire Gelpac from an investor group led by NAMAKOR Holdings (“NAMAKOR”), including Groupe W Investissements (“W Investments”) and CDPQ.

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ProAmpac , a global leader in flexible packaging and material science, and Gelpac , a premier producer of multiwall paper and poly-woven packaging products, today announced the signing of a definitive agreement under which ProAmpac will acquire Gelpac from an investor group led by NAMAKOR Holdings (“NAMAKOR”), including Groupe W Investissements (“W Investments”) and CDPQ.
Combining Gelpac and ProAmpac will allow the company to better serve customers in the high-growth food and beverage, agriculture, industrial and pharmaceutical end markets.
“Gelpac shares ProAmpac’s commitment to serve customers across the U.S. and Canada with high-performance, sustainability-focused flexible packaging solutions,” said Greg Tucker, Founder, Vice Chairman and Chief Executive Officer of ProAmpac.
Gelpac was represented by Fasken Martineau DuMoulin L.L.P and Bradley L.L.P and Mesirow served as the exclusive sell-side advisor to Gelpac.

Patient Square Capital, a Leading Health Care-Focused Investment Firm, Agrees to Acquire NanoString Technologies

Retrieved on:

Monday, March 11, 2024

NanoString Technologies, Inc. (OTC: NSTGQ) (“NanoString” or the “Company”), a leading provider of life science tools for discovery and translational research, today announced that it has reached an agreement with Patient Square Capital (“Patient Square”), a prominent health care investment firm, pursuant to which Patient Square will serve as the “stalking horse” bidder in conjunction with a court-supervised sales process.

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NanoString Technologies, Inc. (OTC: NSTGQ) (“NanoString” or the “Company”), a leading provider of life science tools for discovery and translational research, today announced that it has reached an agreement with Patient Square Capital (“Patient Square”), a prominent health care investment firm, pursuant to which Patient Square will serve as the “stalking horse” bidder in conjunction with a court-supervised sales process.
Under the terms of the agreement, Patient Square intends to purchase substantially all assets of the Company’s global business operations as a going concern for $220 million.
“This agreement with Patient Square provides continuity for our scientific customers and employees, and represents an important step in our financial restructuring,” said Brad Gray, President & CEO of NanoString.
Patient Square is represented by Kirkland & Ellis LLP as counsel and Greenhill & Co as investment banker.

Levine Leichtman Capital Partners Acquires USA Water

Retrieved on:

Thursday, February 22, 2024

Energy, Professional Services, Utilities, Finance, Holland & Knight, Water, Growth, Safety, Kirkland & Ellis, Kirkland, Partnership

Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has acquired USA Water (the “Company”) from Warren Equity Partners in partnership with management.

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Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has acquired USA Water (the “Company”) from Warren Equity Partners in partnership with management.
Headquartered in Rosenberg, Texas, USA Water is a leading provider of operations and maintenance (“O&M”) services for water and wastewater systems across the Southeast United States.
“We are delighted to partner with USA Water, one of the leading O&M providers of water infrastructure services,” said Matthew Rich, Partner at LLCP.
“I am thrilled that USA Water is joining forces with LLCP as we embark on our next chapter of growth,” said Mr. Haley.

Diversify Advisor Network Expands Leadership Team with the Addition of Kevin Bendix As Chief Legal Officer

Retrieved on:

Tuesday, February 27, 2024

Intel, Freedom, Cisco, Samsung, Entrepreneurship, Kirkland & Ellis, UC, Kirkland, IP, Knowledge, UCLA School of Law, Marketing

SANDY, Utah, Feb. 27, 2024 /PRNewswire/ -- Diversify Advisor Network ("Diversify"), the advisor-founded and advisor-led wealth management firm, today announced the appointment of Kevin Bendix as Chief Legal Officer. In this newly created role, Mr. Bendix will report directly to Ryan Smith, Co-Founder and CEO of Diversify, and will work with the executive team to help execute the firm's vision. Leveraging his experience, as well as his familiarity with Diversify, Mr. Bendix will have an immediate positive impact on the firm's legal, M&A and technology strategies.

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Bendix Will Play Crucial Role in Executing Strategic Initiatives, Including Advisor Growth, M&A and Technology Buildout
SANDY, Utah, Feb. 27, 2024 /PRNewswire/ -- Diversify Advisor Network ("Diversify"), the advisor-founded and advisor-led wealth management firm, today announced the appointment of Kevin Bendix as Chief Legal Officer.
In this newly created role, Mr. Bendix will report directly to Ryan Smith, Co-Founder and CEO of Diversify, and will work with the executive team to help execute the firm's vision.
Leveraging his experience, as well as his familiarity with Diversify, Mr. Bendix will have an immediate positive impact on the firm's legal, M&A and technology strategies.
"As we execute our multi-platform strategy and continue to enhance our custom tech stack, Kevin will be a valuable resource," said Mr. Smith.

Invitae Files for Voluntary Chapter 11 Protection; Pursues Sale Process

Retrieved on:

Wednesday, February 14, 2024

SAN, FTI Consulting, Senior, OTC, Sale, Health, Kirkland & Ellis, Kirkland, United States bankruptcy court, TSA, Patient, Hand, Bankruptcy

SAN FRANCISCO, Feb. 13, 2024 /PRNewswire/ -- Invitae (OTC: NVTA), a leading medical genetics company, announced today that it is building on previous actions to manage costs and improve its business structure by filing for voluntary chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. Through this filing, the Company intends to safeguard its business, customers, patients and employees while working to execute an efficient and value-maximizing sale process with the support of its senior noteholders.

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To ensure the business will operate in the ordinary course during chapter 11, Invitae has sought court approval to fund the case using its cash on hand.
The Company intends to transition into chapter 11 without disrupting operations, and is committed to serving its customers and patients and meeting go-forward commitments to employees and vendors.
However, we still need to address the company's debt position through these chapter 11 proceedings.
Invitae files for chapter 11 with the support of its Senior Secured Noteholders as agreed to in a Transaction Support Agreement ("TSA") dated February 13, 2024.

Ryze Claim Solutions Partners with Bain Capital Insurance to Support Continued Organic Growth and Launch Strategic Acquisition Initiative

Retrieved on:

Monday, February 12, 2024

Banking, Professional Services, Insurance, Finance, Acquisition, MGA, Kirkland & Ellis, Weather, TPA, Certus, Kirkland, Bain Capital, McDermott Will & Emery, Ryze, Environment, Partnership, Financial services

Ryze Claim Solutions (“Ryze” or the “Company”), a full-service claims management business, today announced it has entered a definitive agreement to be recapitalized by Bain Capital Insurance (“Bain Capital”), the dedicated insurance investing unit of Bain Capital.

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Ryze Claim Solutions (“Ryze” or the “Company”), a full-service claims management business, today announced it has entered a definitive agreement to be recapitalized by Bain Capital Insurance (“Bain Capital”), the dedicated insurance investing unit of Bain Capital.
Ryze will continue to operate under its current management team led by Executive Chairman, Tony Grippa, and President, Scott St. John.
Included under the Ryze umbrella is Certus, which provides TPA claim services to specialty and casualty insurance companies and the MGA market.
Debt financing for the transaction is being provided by Apogem Capital and includes a committed facility to support the company’s strategic acquisition growth strategy.

The AIR-A Network Announces Strategic Partnership with Terry Brennan Law

Retrieved on:

Friday, February 2, 2024

Partnership, NIL, Kirkland, Sport, Judgement, Kirkland & Ellis

NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The AIR-A Network announces a strategic partnership with Terry Brennan Law, effective February 2024.

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NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The AIR-A Network announces a strategic partnership with Terry Brennan Law, effective February 2024.
This partnership represents an integral step forward for the AIR-A Network, as Brennan's expertise and breadth of experience as a litigator will propel AIR-A forward in the ever-evolving legal landscape of sports.
Brennan will be responsible for overseeing all legal and regulatory functions for the AIR-A Network, representing the company in a wide range of matters.
In 2017, Terry opened his own practice; Terry Brennan Law has represented companies of all sizes, practiced in federal and state court, handled arbitrations and mediations, and managed claims of all types.