Tag Archives: Chapter 11

Sailing Innovation Wins Brookstone Auction

Brookstone

MERRIMACK, N.H.-Sailing Innovation, a consortium led by China-based Sailing Capital Overseas Investment fund, has been selected as the winning bidder at the auction for Brookstone. According to a Brookstone statement, the purchase price is $135.7 million, net of cash and assumed liabilities. Subject to the approval of the U.S. Bankruptcy Court for the District ofMore »

Latex International Files Chapter 11

LatexInternational

SHELTON, Conn.-Latex International has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the District of Connecticut. The latex pillow and mattress manufacturer said in a statement that, at the time of the filing, it had about $29 million in liabilities and $26 million in assets. The company made the filing “to restructureMore »

Spencer to Acquire Brookstone in Prepack Chapter 11

Brookstone

MERRIMACK, N.H.-Brookstone has reached a stock purchase agreement to be acquired by an affiliate of Spencer Spirit as part of a prepackaged Chapter 11 filing in U.S. Bankruptcy Court for the District of Delaware. The purchase price is about $147 million. To facilitate the agreement, Brookstone has obtained the support of the holders of itsMore »

GuildMaster Emerges from Chapter 11; Investors Take Company Private

GuildMaster

SPRINGFIELD, Mo.–GuildMaster has officially emerged from Chapter 11 and will operate as a private company. Management and a small group of investors have purchased the company and committed more than $1 million of capital. A judge in the U.S. Bankruptcy Court for the Western District of Missouri approved the reorganization plan, which had already beenMore »