Archive

Veritas

Anthology: $1.6bn EdTech Roll-Up in Restructuring

Jul 14, 2026

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23 min read

Anthology: $1.6bn EdTech Roll-Up in Restructuring

From Veritas’ EdTech consolidation strategy to a $1.6bn capital structure unwind, Anthology’s distressed situation culminated in a costly lender-led takeover with a non-pro-rata Chapter 11 situation

Tech, Media & Telecom

ConvergeOne (C1): When Majority Control Meets Judicial Constraint

Jul 10, 2026

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26 min read

ConvergeOne (C1): When Majority Control Meets Judicial Constraint

How growing judicial scrutiny in-court prevents mmay ajority creditors from leveraging their voting power to capture outsized economics at the expense of similarly situated lenders

Industrials

Jul 3, 2026

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21 min read

RealTruck: From Roll-Up to Roll-Over

How debt-fueled acquisitions, rising rates, and a weak consumer pushed RealTruck into a $3bn restructuring

Industrials

Jun 26, 2026

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18 min read

Loparex: Peeling Under Pressure

How legacy credit docs and a cross-border capital structure resulted in one of 2024’s most coercive LMEs

Deep Dives

Jun 19, 2026

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25 min read

Carestream: A Negative Film

How a turnaround buyout of an X-ray company turned into a two-decade battle against technological obsolescence

Tech, Media & Telecom

Cyxtera Technologies: A Data Center Business Built on the Wrong Real Estate

Jun 12, 2026

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26 min read

Cyxtera Technologies: A Data Center Business Built on the Wrong Real Estate

How the company’s leasing model pushed it into bankruptcy, then became one of the cleanest post-reorg turnarounds in years

Tech, Media & Telecom

Jun 5, 2026

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27 min read

FinThrive: Collection Issues

How Clearlake’s RCM rollup turned into a potential double LME

Consumer & Retail

Hostess Brands: The Pension Liability That Ate Twinkies

May 29, 2026

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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

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

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

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

United Site Services: A Royal Equity Flush

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

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

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

Apr 10, 2026

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19 min read

Rinchem: The Chemistry of Control

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

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Anthology: $1.6bn EdTech Roll-Up in Restructuring

ConvergeOne (C1): When Majority Control Meets Judicial Constraint

RealTruck: From Roll-Up to Roll-Over

Loparex: Peeling Under Pressure

Carestream: A Negative Film

Cyxtera Technologies: A Data Center Business Built on the Wrong Real Estate

FinThrive: Collection Issues

Hostess Brands: The Pension Liability That Ate Twinkies

Ivanti Software: A Compromised Platform

Newfold Digital: Domain Expired

LifeScan: Too Hard to Turn Around

United Site Services: A Royal Equity Flush

Sunnova: Too Close to the Sun

FXI Holdings: A Not-so-Soft Landing

Rinchem: The Chemistry of Control

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