Deidre Kalenderian

GTCR in its acquisition of a majority stake in Worldpay, a provider of payment processing solutions valued with an enterprise value of $18.5 billion, from FIS (NYSE: FIS).

Hellman & Friedman in their definitive agreement to jointly acquire athenahealth, Inc. for $17 billion.

WeWork, Inc. and its debtor affiliates — the leading global flexible space provider — in their Chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey. With approximately $17 billion in funded debt and lease obligations at the time of filing and posing complex, novel issues of international, regulatory, and foreign law, WeWork, with over 500 entities, is one of the largest jointly administered Chapter 11 cases in history. WeWork is prosecuting its Chapter 11 cases pursuant to a restructuring support agreement with holders representing approximately 96% of its secured notes and 100% of its secured letter of credit facility obligations. The agreement provides for the elimination of approximately $3 billion of WeWork’s funded debt and allows WeWork to rationalize its global commercial lease portfolio by rejecting unprofitable locations while reinvesting in its trophy properties.

Bristol-Myers Squibb in its $13.4 billion divestiture of Celgene’s OTEZLA® program to Amgen, in relation to its $90 billion acquisition of Celgene.

Intelsat S.A. and certain of its affiliates in connection with their Chapter 11 cases in the U.S. Bankruptcy Court for the Eastern District of Virginia. Intelsat had approximately $14.7 billion in funded debt as of its Chapter 11 filing.

Bain Capital Private Equity portfolio company Diversey Holdings, Ltd. on its initial public offering reflecting a valuation of $6.4 billion.

Bain Capital in its $5.3 billion acquisition of Guidehouse, a provider of consulting services, from Veritas Capital.

Cineworld Group plc and 104 of its debtor affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. Publicly traded on the London Stock Exchange, Cineworld, the parent company of Regal Entertainment Group, is the second-largest cinema chain in the world, operating over 9,100 screens at nearly 750 cinemas in 10 countries worldwide. Cineworld commenced its Chapter 11 cases with approximately $5.1 billion in funded debt and commitments from an ad hoc group of prepetition lenders to provide nearly $2 billion in debtor-in-possession financing.

Bain and Diversey in the sale of Diversity to Solenis for $4.6 billion.

Colgate Energy Partners III LLC in its $3.9 billion merger of equals with Centennial Resource Development Inc. (NASDAQ: CDEV) to create the largest pure-play E&P in the Delaware Basin.

Crescent Point Capital on Ares Management Corporation’s (NYSE: ARES) acquisition of the Crescent Point Capital platform, a leading Asia-focused private equity platform with approximately $3.8 billion of assets under management.

Thoma Bravo-backed Frontline Education, a provider of administration software purpose-built for educators in K-12, in its $3.725 billion sale to Roper Technologies (NYSE: ROP).

Rite Aid Corporation and 119 of its affiliates in their prearranged Chapter 11 cases in the U.S. Bankruptcy Court for the District of New Jersey. Following months of negotiations, Rite Aid entered Chapter 11 with access to approximately $3.45 billion in committed post-petition DIP financing provided by its existing bank lenders and an agreement in principle with a majority of its secured bondholders on the terms of a comprehensive restructuring to delever its $4 billion debt load and right-size its operational footprint.

Acosta, Inc., a multinational full-service sales, marketing, and retail merchandising agency with 30,000 employees, serving 1,200 blue chip companies across the globe, in its prepackaged restructuring of $3 billion of indebtedness. Acosta’s Chapter 11 plan was confirmed by the United States Bankruptcy Court for the District of Delaware just 15 days after the bankruptcy filing.

Indigo Natural Resources LLC in its $2.7 billion merger with Southwestern Energy Company. 

Clayton, Dubilier & Rice in its $2.3 billion acquisition of Veritiv Corp (NYSE: VRTV), a distributor of packaging, facility solutions and print products.

Bain Capital Private Equity portfolio company Rocket Software in its pending $2.275 billion acquisition of the Application Modernization and Connectivity business of OpenText (NASDAQ: OTEX).

Waud Capital Partners in its $2.2 billion sale of its minority stake in GI Alliance, a gastroenterology practice, to Apollo (NYSE: APO) and GI Alliance's physician owners.

Windjammer Capital and Summit Partners in the $2 billion combination of Parts Town and Heritage Foodservice Group.  

Genius Sports Group Limited in its $1.5 billion business combination with dMY Technology Group, Inc. II.

Madison Dearborn Partners and Thoma Bravo in their $1.4 billion sale of Syntellis Performance Solutions, a provider of enterprise performance management (EPM) software, data and intelligence solutions, to Roper Technologies (NASDAQ: ROP) where it will be combined with Roper’s Strata Decision Technology business.

Silversmith Capital and DistroKid on the investment from Insight Partners, valuing DistroKid at $1.3 billion.

Technology Crossover Ventures in its $1.2 billion sale of its portfolio company ETQ.

Dura Automotive Systems, LLC and certain of its subsidiaries (“Dura”), a leading independent designer and manufacturer of automotive systems, including mechatronic systems, exterior systems, and lightweight structural systems, in their Chapter 11 cases. As of its Chapter 11 filing, Dura and its affiliates had operations in thirteen countries with sales from its three main product segments generating approximately $1.1 billion in 2018. 

Silver Lake and Sixth Street Partners in the $1 billion investment in Airbnb.

Blackstone in its combined $800 million investment, along with Viking Global Investors, in APi's acquisition of Chubb Fire & Security. 

L Catterton and its portfolio company Airxcel in the $750 million sale of Airxcel’s RV Group to THOR Industries.

Engineered Controls on its $631 million acquisition by Dover.

Intelsat on its $400 million acquisition of the commercial aviation business of Gogo.

Innovage Holding Corp. on its $400 million healthcare initial public offering.

Apax Partners in its $400 million investment in Verint® Systems Inc.

L Catterton, as anchor investor, in the $355 million capital raise for iFIT Health & Fitness. 

J. C. Penney Company, Inc. and 17 of its affiliates in their pre-arranged Chapter 11 cases. With approximately $4.9 billion in debt, JCPenney entered bankruptcy with a Restructuring Support Agreement that carries broad first lien stakeholder support and is expected to substantially de-lever the company’s balance sheet. 

J. C. Penney Company, Inc. and its affiliate entities in their Chapter 11 reorganization including the sale, to Simon Property Group and Brookfield Property Group, of the company’s operating business with roughly 650 owned and leased go-forward retail locations and 11 owned and leased distribution centers, as well as the formation of an OpCO/PropCo structure with 160 of the retail locations and 6 of the distribution centers being transferred to the Company’s first lien creditors and leased back to the emerged operating company. 

Ascena Retail Group, Inc. and its affiliates in their prearranged Chapter 11 cases in the U.S. Bankruptcy Court of the Eastern District of Virginia. Ascena is a leading specialty retailer for women and girls with a collective of seven brands, including Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Cacique, Catherines, and Justice, and over 2,800 stores, approximately 37,000 employees, and $1.6 billion in funded debt. Ascena filed for Chapter 11 with a restructuring support agreement that proposes to equitize over $1 billion of prepetition term loans and includes $150 million in committed new money DIP-to-exit financing to fund the Debtors’ business in and upon emergence from Chapter 11.  

An ad hoc group of unsecured noteholders (the “Unsecured Ad Hoc Group”) in the Chapter 11 cases of Bristow Group Inc. and its affiliated debtors (collectively, “Bristow”) in the U.S. Bankruptcy Court for the Southern District of Texas. Bristow is a publicly-traded helicopter services company with funded debt obligations exceeding $1.7 billion. Following the filing of Bristow’s cases, Kirkland assisted the Unsecured Ad Hoc Group in negotiating an amended restructuring support agreement with Bristow and its secured creditors that contemplates a restructuring led by the Unsecured Ad Hoc Group that includes a $400 million rights offering to be consummated through a Chapter 11 plan.  

Jason Industries, Inc. and its subsidiaries in their Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York. Jason is a publicly-traded global industrial manufacturing company that provides mission critical components and manufacturing solutions—including brushes, polishing buffs, compounds, and seating products—to customers across a wide range of end markets, industries, and geographies. On June 24, 2020, Jason solicited and filed its prepackaged Chapter 11 cases with the support of over 87% of its first lien lenders under a restructuring support agreement. If approved, the prepackaged plan will deleverage Jason’s balance sheet by approximately $250 million and leave general unsecured claims unimpaired. 

Alamo on its carveout sale of Pressure Pumping Business to NexTier for $268 million plus earn-out.  

Bain Capital Insurance in its $200 million investment in GuideOne Insurance Company to support the launch of The Mutual Group, an insurance platform serving the mutual industry.

L Catterton in its $200 million investment in ICON Health & Fitness, a world leader in innovation, design and distribution of connected fitness equipment and software.

MultiPlan Corporation (NYSE: MPLN) in its $160 million acquisition of Benefits Science LLC.

Silversmith Capital Partners in the $104 million growth investment in Impel, a provider of digital engagement software for automotive manufacturers, marketplaces and dealers.

L Catterton in its $100 million investment in Boll & Branch.

Appfire and TA Associates in TA Associates’ $100 million investment in Appfire.

Hornbeck Offshore Services, Inc. and its affiliates, in its Chapter 11 restructuring in the U.S. Bankruptcy Court for the Southern District of Texas. The Hornbeck Chapter 11 cases were filed with a prepackaged plan of reorganization that contemplates a $75 million in debtor-in-possession (DIP) financing and a fully backstopped $100 million rights offering.

Silversmith Capital Partners in its $60 million minority investment in Microblink. 

Bain Capital Private Equity and US LBM in the sale of a stake in US LBM, a provider of building materials, to Platinum Equity.

L Catterton in the sale of AirX Climate Solutions to Gryphon Investors.

Bain Capital Private Equity in its acquisition of Harrington Process Solutions, a provider of industrial flow control process solutions, from Nautic Partners.

GeoLinks, an enterprise-level telecommunications company, in its investment from JLC Infrastructure.

Nautic Partners portfolio company CarepathRx Health System Solutions (CHSS) in its strategic partnership with and investment by Evernorth Health Services, a subsidiary of The Cigna Group (NYSE: CI).

TPG's The Rise Fund in its investment in Banyan Treatment Centers, a provider of substance use disorder and mental health services.

Garnett Station Partners in its acquisition of Firebirds Wood Fired Grill, a casual dining chain.

Pipeline Health System and 32 of its subsidiaries on their Chapter 11 cases and in related litigation proceedings.

BC Partners in its acquisition of a majority stake in Madison Logic, a leading provider of business-to-business digital marketing services.

Bain Capital Double Impact in its investment in Meteor Education.

LeanTaaS in its acquisition of Hospital IQ, a provider of intelligent automation solutions for hospitals.

Just Energy Group Inc., a Mississauga, Ontario-based leading retail consumer company specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options, in its Chapter 15 proceedings in the United States to recognize proceedings commenced in Canada under the Companies’ Creditors Arrangement Act (CCAA). Prior to filing for bankruptcy, Just Energy Group Inc. was severely adversely impacted by the unprecedented winter storm in Texas in February 2021. The insolvency proceedings successfully culminated in a Canadian-court approved and United States-court recognized sale transaction that preserved operations, hundreds of jobs, critical regulatory approvals, and key commodity supplier relationships.

Madison Dearborn Partners and Ampersand Capital Partners-backed Alcami in its sale to GHO Capital Partners and The Vistria Group.

CarepathRx Holding Company in its agreement to sell BioPlus Specialty Pharmacy, the nation’s largest independent specialty pharmacy, to Elevance Health (NYSE:ELV).

Apax Partners-backed Kepro in its merger with CNSI, a provider of healthcare technology products and solutions.

Centerbridge Partners in its sale of a majority stake in AHEAD, a provider of enterprise cloud services, to Berkshire Partners.

Bain Capital Private Equity and its portfolio company, Blue Nile, a leading online retailer of fine jewelry, in connection with its sale to Signet Jewelers Ltd (NYSE: SIG).

Bain Capital Private Equity and its portfolio company, Blue Nile, in Blue Nile's proposed de-SPAC business combination with Mudrick Capital Acquisition Corporation II.

Sycamore Partners in its acquisition of the Goddard School business from Wind River Holdings

GTCR in its investment in Visionary Broadband, an Internet Service Provider (ISP) serving residential and business subscribers

Thomas H. Lee Partners-backed AmeriLife Group, a developer, marketer and administrator of life and health insurance, annuities and other retirement solutions, in its partial sale to Genstar Capital Partners.

Bain Capital Private Equity in its acquisition of a majority stake in LeanTaaS Holdings, a provider of cloud software solutions for optimizing hospital operations and capacity management.  

Intelsat on its confirmation of a plan of reorganization.

Chantecaille on its acquisition by Beiersdorf.

Cinven on its investment in BioAgilytix.

Cinven on its significant investment in Nitel.

Leslie's, Inc. in its initial public offering of common stock.

Thoma Bravo in its sale of a majority stake in Nintex to TPG Capital.

Thoma Bravo in its acquisition of Instructure.

Thoma Bravo in its strategic growth investment of Circle Cardiovascular Imaging.

One Equity Partners in its acquisition of American Medical Technologies.

Partners Group on its significant equity investment in EyeCare Partners, the largest vertically integrated medical vision services provider in the U.S.

Two Sigma Impact and BayPine in the acquisition of Penn Foster.

Apax Funds in their acquisition of Lexitas.

Lexitas in its acquisition of Registered Agent Solutions Inc.

Sycamore Partners in its acquisition of Azamara Club Cruises.

Sycamore Partners in its acquisition of the Pacific Princess, the vessel featured in the TV show “The Love Boat," from Carnival Corporation.

L Catterton’s investment in the Series E funding round of ClassPass.

Summit Partners and a.k.a. Brands Holding Corp. on Fashion IPO.

Humana in its acquisition of EliteHealth Medical Practice and related businesses.

Private equity firm in its simultaneous acquisitions of pharmacy solutions entities.

Company management team of LandCare in its acquisition of LandCare from Aurora Resurgence.

CapVest Partners in its acquisition of Datasite Global Corporation. 

Clearhaven Partners LP in its acquisition of TimeTrade Systems, Inc.

Silversmith Capital Partners in its strategic investment in Appfire Technologies.

TPG Capital in its investment in LifeStance Health.

Wind Point and its portfolio company Voyant Beauty Holdings, LLC, in their agreement to acquire the KIK Personal Care Business (KPC) from KIK Custom Products.

Windjammer Capital in its pending sale of Advanced Instruments to Patricia Industries, Inc., a part of Investor AB.

CoreLogic in its acquisition of Next Gear Solutions. 

Carlyle in its acquisition of Every Man Jack.

Summit Partners in it significant investment in Redzone Production Systems.

Bain Capital Tech Opportunities in its investment in When I Work.

InnovaCare Health, a portfolio company of Summit Partners, in its sale of MMM Holdings and its Medicare Advantage plan MMM Healthcare to Anthem.

Ideal Image, an L Catterton portfolio company, on a refinancing and related corporate reorganization and leveraged recap transactions.

Parthenon in the sale of its portfolio company Allworth Financial Group to Lightyear Capital LLC and Ontario Teachers’ Pension Plan Board.

Madison Dearborn Partners in its investment in Carnegie Learning.

PathGroup in its majority investment from GTCR.  

Extreme Reach in its acquisition of Adstream.

Rock Mountain Capital in the recapitalization of Spark Orthodontics. 

Summit Partners in its sale of Teaching Strategies to KKR.

MSD Partners on its investment in Woolpert.

Thomas H. Lee Partners in its acquisition of Odessa.

Smile Doctors, a portfolio company of Linden Capital Partners, in its investment by Thomas H. Lee Partners.

Nautic Partners and portfolio company CarepathRx in its partnership with University of Pittsburgh Medical Center’s (UPMC) Chartwell Specialty Pharmacy and Home Infusion Subsidiary.

PGX Holdings, Inc. and its subsidiaries (“PGX”), a leading credit-repair service provider, in an out-of-court restructuring transaction that extended the maturity of PGX’s funded debt by three years, raised new capital, and maintained the equity stake of its sponsor. This amend-and-extend transaction was executed with 100% lender consent and will give PGX runway to navigate uncertainties concerning general macroeconomic trends and ongoing high-stakes litigation.

AbbVie in its acquisition of Soliton.

Tacombi in its funding round led by Enlightened Hospitality Investments, the growth equity fund affiliated with Danny Meyer’s Union Square Hospitality Group (USHG).

Arbor Investments in its acquisition of Dr. G’s Creations.