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Consumer & Retail

+3

Hostess Brands: The Pension Liability That Ate Twinkies
LockSimple

May 29, 2026

•

24 min read

Hostess Brands: The Pension Liability That Ate Twinkies

Understanding the Role of Multi-Employer Pensions in Hostess’s 2012 Chapter 22

Tech, Media & Telecom

+5

Ivanti Software: A Compromised Platform
LockSimple

May 22, 2026

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28 min read

Ivanti Software: A Compromised Platform

How a catastrophic cyber attack led to a $3bn software LME

Siris Capital

+4

Newfold Digital: Domain Expired
LockSimple

May 15, 2026

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23 min read

Newfold Digital: Domain Expired

How $570mm in sponsor dividends and competitive disruption led to a $3.5bn LME

Platinum Equity

+4

LifeScan: Too Hard to Turn Around
LockSimple

May 8, 2026

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24 min read

LifeScan: Too Hard to Turn Around

How Platinum Equity's turnaround plan for a legacy medical device company ended up as a debt-to-equity swap

Industrials

+4

United Site Services: A Royal Equity Flush
LockSimple

May 1, 2026

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25 min read

United Site Services: A Royal Equity Flush

How a $4bn portable bathroom continuation vehicle didn’t go as planned

Deep Dives

+3

Sunnova: Too Close to the Sun
LockSimple

Apr 24, 2026

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28 min read

Sunnova: Too Close to the Sun

The collapse of America's second-largest residential solar provider in one of 2025's largest Chapter 11 restructurings

Industrials

+3

FXI Holdings: A Not-so-Soft Landing

Apr 17, 2026

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23 min read

FXI Holdings: A Not-so-Soft Landing

How a twice-restructured foam manufacturer became the testing ground for a novel post-LME provision

Industrials

+3

Rinchem: The Chemistry of Control
LockSimple

Apr 10, 2026

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29 min read

Rinchem: The Chemistry of Control

How customer concentration, contractual commitments, and a sponsor portfolio merger shaped a novel LME

Tech, Media & Telecom

+3

RSA Security: Identity Crisis
LockSimple

Apr 3, 2026

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30 min read

RSA Security: Identity Crisis

How the Clearlake-backed cybersecurity pioneer unraveled into one of the most deeply distressed LMEs in recent memory.

Deep Dives

+2

23andMe: Predisposed to Bankruptcy
LockSimple

Mar 27, 2026

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32 min read

23andMe: Predisposed to Bankruptcy

From a $6bn valuation to bankruptcy court: inside the collapse of a pioneer in direct-to-consumer genetic testing

Industrials

+2

Jervois Global: Anatomy of a Commodity-Driven Chapter 11

Mar 24, 2026

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24 min read

Jervois Global: Anatomy of a Commodity-Driven Chapter 11

How an unexpected decline in commodity pricing and substantial capex needs led to Jervois’ bankruptcy

Deep Dives

+2

ModivCare: A Drive to Bankruptcy Court
LockSimple

Mar 20, 2026

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39 min read

ModivCare: A Drive to Bankruptcy Court

The rise and fall of America's largest medical transportation company

Industrials

+2

Xerox: Exploiting the Fine Print
LockSimple

Mar 13, 2026

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41 min read

Xerox: Exploiting the Fine Print

How Xerox’s February LME utilized a novel loophole to restructure its declining empire

Other

The 2026 Wharton Restructuring and Distressed Investing Conference
LockSimple

Mar 6, 2026

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43 min read

The 2026 Wharton Restructuring and Distressed Investing Conference

Inside Private Credit’s Power Shift: Lessons from the Industry’s Leaders

Consumer & Retail

+2

Big Lots: Discounted Into Bankruptcy

Mar 3, 2026

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32 min read

Big Lots: Discounted Into Bankruptcy

Post-COVID retail market shift, capital allocation missteps, and a Chapter 11 that did not go as planned.

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