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Industrials

+3

Rinchem: The Chemistry of Control
LockSimple

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

Tech, Media & Telecom

+3

RSA Security: Identity Crisis
LockSimple

Apr 3, 2026

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20 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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21 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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15 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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25 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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27 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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27 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.

Consumer & Retail

+3

Empire Today: Floored by the Market

Feb 27, 2026

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19 min read

Empire Today: Floored by the Market

How the shop-at-home giant’s 2021 LBO led to back-to-back restructurings

KKR

+4

Del Monte Foods: From LME to Section 363
LockSimple

Feb 20, 2026

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29 min read

Del Monte Foods: From LME to Section 363

The Amazing Story of Del Monte’s Failed LME and Chapter 11

Tech, Media & Telecom

+3

Magenta Buyer: The Blocking Position Playbook
LockSimple

Feb 13, 2026

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25 min read

Magenta Buyer: The Blocking Position Playbook

How Elliott Management converted documentary control into coercive economics in a high-participation LME

Consumer & Retail

+2

Franchise Group: The Roll-Up That Collapsed in Bankruptcy and Reemerged as Fusion

Feb 10, 2026

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27 min read

Franchise Group: The Roll-Up That Collapsed in Bankruptcy and Reemerged as Fusion

How an aggressive group of structurally subordinated lenders turned a simple Chapter 11 into one of the messiest and most litigious bankruptcies of 2025

Technical Lesson

+1

From Shield to Sword: How Cooperation Agreements Became the Weapon They Were Designed to Prevent
LockSimple

Feb 6, 2026

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26 min read

From Shield to Sword: How Cooperation Agreements Became the Weapon They Were Designed to Prevent

What began as a defensive hedge against creditor-on-creditor violence has ignited a legal war that could fundamentally redefine how creditors coordinate

Ardian

+3

Florida Food Products: The Modern LME
LockSimple

Feb 2, 2026

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16 min read

Florida Food Products: The Modern LME

How FFP’s LME underscores the rise of cooperation over coercion

Consumer & Retail

+3

MRP Solutions: Molded by Distress
LockSimple

Jan 30, 2026

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16 min read

MRP Solutions: Molded by Distress

How the Clearlake-Backed Plastic Closures Manufacturer Became a Template for LME 3.0

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