Distressed Mergers and Acquisitions
The firm also represents buyers in distressed mergers and acquisitions and facilitates permanent financing, equity participations, and potential mergers, acquisitions, and strategic alliances. Elliott Greenleaf’s distressed mergers and acquisitions practice makes the firm extremely valuable to committees, which are often presented with multiple asset sales driven by secured creditors and debtors.
The firm is involved in many large reorganizations, but also has deep experience in middle market bankruptcies, particularly where the company is utilizing chapter 11 to sell a company as a going concern. A middle-market company, either privately or publicly held, has revenue between $25 and $100 million and debt of $10 to $100 million.
Elliott Greenleaf represents purchasers in bankruptcy sales, and its lawyers have a varied and significant experience in multiple sales as both debtors’ and buyers’ counsel, with unique expertise involving the sale of foreign subsidiaries, including representing various foreign buyers and sellers. Elliott Greenleaf has also been involved in several cross border asset sales. The firm has significant expertise in chapter 15 cases in which the foreign main proceeding was filed in the United States to effectuate the sale of U.S. assets that were the part of a larger sale in another jurisdiction, as well as where the U.S. proceeding is the main proceeding, which requires the effectuation of the sale of assets located in various foreign jurisdictions.
Elliott Greenleaf’s success in its representation of the Official Committee of Equity Security Holders in AgFeed USA, Inc. resulted in it being named among the firms that received the M&A Advisor Turnaround and International M&A Advisor awards for: 2014 M&A Deal of the Year (Over $50mm to $75mm); Agriculture Deal of the Year; and Sec. 363 Sale of the Year (Over $50mm to $100mm) in March 2014.
The firm and Rafael X. Zahralddin-Aravena, the Chair of the Commercial Bankruptcy and Restructuring Practice, also received the Large Company Transaction of the Year Award in 2014 from the Turnaround Management Association, a global non-profit organization comprised of turnaround and corporate renewal professionals.