# Pari Passu

> Restructuring, Public and Private Investing, and Niche Finance Topics Note from Private Equity Investor at Mega-Fund

This file provides information about Pari Passu to help large language models understand and reference this publication's content.

## Posts
- [ConvergeOne (C1): When Majority Control Meets Judicial Constraint](https://restructuringnewsletter.com/p/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
- [RealTruck: From Roll-Up to Roll-Over](https://restructuringnewsletter.com/p/realtruck-from-roll-up-to-roll-over): How debt-fueled acquisitions, rising rates, and a weak consumer pushed RealTruck into a $3bn restructuring
- [Florida Food Products: The Modern LME](https://restructuringnewsletter.com/p/florida-food-products-the-modern-lme): How FFP’s LME underscores the rise of cooperation over coercion
- [Loparex: Peeling Under Pressure](https://restructuringnewsletter.com/p/loparex-peeling-under-pressure): How legacy credit docs and a cross-border capital structure resulted in one of 2024’s most coercive LMEs
- [Carestream: A Negative Film](https://restructuringnewsletter.com/p/carestream-a-negative-film): How a turnaround buyout of an X-ray company turned into a two-decade battle against technological obsolescence
- [Cyxtera Technologies: A Data Center Business Built on the Wrong Real Estate](https://restructuringnewsletter.com/p/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
- [FinThrive: Collection Issues](https://restructuringnewsletter.com/p/finthrive-collection-issues): How Clearlake’s RCM rollup turned into a potential double LME
- [Hostess Brands: The Pension Liability That Ate Twinkies](https://restructuringnewsletter.com/p/hostess-brands-the-pension-liability-that-ate-twinkies): Understanding the Role of Multi-Employer Pensions in Hostess’s 2012 Chapter 22
- [Ivanti Software: A Compromised Platform](https://restructuringnewsletter.com/p/ivanti-software-a-compromised-platform): How a catastrophic cyber attack led to a $3bn software LME
- [Newfold Digital: Domain Expired](https://restructuringnewsletter.com/p/newfold-digital-domain-expired): How $570mm in sponsor dividends and competitive disruption led to a $3.5bn LME
- [LifeScan: Too Hard to Turn Around](https://restructuringnewsletter.com/p/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
- [United Site Services: A Royal Equity Flush](https://restructuringnewsletter.com/p/united-site-services-a-royal-equity-flush): How a $4bn portable bathroom continuation vehicle didn’t go as planned
- [Sunnova: Too Close to the Sun](https://restructuringnewsletter.com/p/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
- [FXI Holdings: A Not-so-Soft Landing ](https://restructuringnewsletter.com/p/fxi-holdings-a-not-so-soft-landing): How a twice-restructured foam manufacturer became the testing ground for a novel post-LME provision
- [Rinchem: The Chemistry of Control](https://restructuringnewsletter.com/p/rinchem-the-chemistry-of-control): How customer concentration, contractual commitments, and a sponsor portfolio merger shaped a novel LME
- [RSA Security: Identity Crisis](https://restructuringnewsletter.com/p/rsa-security-identity-crisis): How the Clearlake-backed cybersecurity pioneer unraveled into one of the most deeply distressed LMEs in recent memory. 
- [23andMe: Predisposed to Bankruptcy](https://restructuringnewsletter.com/p/23andme-predisposed-to-bankruptcy): From a $6bn valuation to bankruptcy court: inside the collapse of a pioneer in direct-to-consumer genetic testing
- [Jervois Global: Anatomy of a Commodity-Driven Chapter 11](https://restructuringnewsletter.com/p/jervois-global-anatomy-of-a-commodity-driven-chapter-11): How an unexpected decline in commodity pricing and substantial capex needs led to Jervois’ bankruptcy 
- [ModivCare: A Drive to Bankruptcy Court](https://restructuringnewsletter.com/p/modivcare-a-drive-to-bankruptcy-court): The rise and fall of America's largest medical transportation company
- [Xerox: Exploiting the Fine Print](https://restructuringnewsletter.com/p/xerox-exploiting-the-fine-print): How Xerox’s February LME utilized a novel loophole to restructure its declining empire
- [The 2026 Wharton Restructuring and Distressed Investing Conference ](https://restructuringnewsletter.com/p/the-2026-wharton-restructuring-and-distressed-investing-conference): Inside Private Credit’s Power Shift: Lessons from the Industry’s Leaders 
- [Big Lots: Discounted Into Bankruptcy](https://restructuringnewsletter.com/p/big-lots-discounted-into-bankruptcy): Post-COVID retail market shift, capital allocation missteps, and a Chapter 11 that did not go as planned.
- [Empire Today: Floored by the Market](https://restructuringnewsletter.com/p/empire-today-floored-by-the-market): How the shop-at-home giant’s 2021 LBO led to back-to-back restructurings
- [Del Monte Foods: From LME to Section 363](https://restructuringnewsletter.com/p/del-monte-foods-from-lme-to-section-363): The Amazing Story of Del Monte’s Failed LME and Chapter 11
- [Magenta Buyer: The Blocking Position Playbook](https://restructuringnewsletter.com/p/magenta-buyer-the-blocking-position-playbook): How Elliott Management converted documentary control into coercive economics in a high-participation LME