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Deep Dives

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RESTRUCTURING

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Tech, Media & Telecom

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Consumer & Retail

+3

Advantage Solutions: A Free Sample of Distress
LockSimple

Oct 30, 2026

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31 min read

Advantage Solutions: A Free Sample of Distress

A CPG services roll-up’s path from a $5.2bn SPAC to an LME

Consumer & Retail

+3

Springs Window Fashions: A Blind Bet
LockSimple

Oct 23, 2026

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21 min read

Springs Window Fashions: A Blind Bet

How a leveraged bet on a window treatments business unraveled into a prolonged distress story

Tech, Media & Telecom

+3

Sophos: Yet Another Tough Thoma Bravo Refinancing
LockSimple

Oct 16, 2026

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25 min read

Sophos: Yet Another Tough Thoma Bravo Refinancing

How lenders used a $2.5bn maturity to lock down the documents behind a Thoma Bravo portfolio company

Deep Dives

+3

Medical Solutions: A Tiered Solution
LockSimple

Oct 2, 2026

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25 min read

Medical Solutions: A Tiered Solution

How a COVID peak bet on a healthcare staffing business turned into a prime restructuring case study on the evolution of co-ops

Tech, Media & Telecom

+3

Medallia: PIKing Up the Pieces
LockSimple

Sep 25, 2026

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28 min read

Medallia: PIKing Up the Pieces

How a 2021 software buyout became one of the largest private equity losses ever recorded

Consumer & Retail

+2

(Non)Recurring Revenue: Monitronics Restructuring Deep Dive

Sep 22, 2026

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24 min read

(Non)Recurring Revenue: Monitronics Restructuring Deep Dive

The Illusion of Leveraged Subscription Economics

Tech, Media & Telecom

+4

SonicWall: The 2026 Software LME Template
LockSimple

Sep 18, 2026

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24 min read

SonicWall: The 2026 Software LME Template

How Elliott and Francisco Partners preserved their equity in a fully consensual A&E

Tech, Media & Telecom

+3

Proofpoint: Underwriting the Unknown
LockSimple

Sep 11, 2026

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20 min read

Proofpoint: Underwriting the Unknown

How a performing software borrower gave up forty covenant provisions to move a maturity by two years

Tech, Media & Telecom

+3

Optiv: Pre-Wiring the Downside
LockSimple

Sep 4, 2026

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26 min read

Optiv: Pre-Wiring the Downside

How KKR’s $1.9bn investment ended in a novel creditor-controlled workout

Cornell Capital

+4

Ingenovis Health: Still Nursing Losses
LockSimple

Aug 21, 2026

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19 min read

Ingenovis Health: Still Nursing Losses

How Cornell Capital’s pandemic staffing bet unraveled into a pro-rata LME

Tech, Media & Telecom

+3

Urban One: Buying Back the Dial
LockSimple

Aug 14, 2026

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23 min read

Urban One: Buying Back the Dial

How the largest Black-owned broadcaster spent a year and a half retiring its debt at half price, then turned open-market buybacks into a unique LME

Consumer & Retail

+3

Anastasia Beverly Hills: An Eyebrow-Raising Story
LockSimple

Jul 31, 2026

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20 min read

Anastasia Beverly Hills: An Eyebrow-Raising Story

How TPG’s $3bn beauty bet unraveled into default and a founder-funded LME

Industrials

+3

Multi-Color: A Sticky Situation (Special 200th Edition)
LockSimple

Jul 24, 2026

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36 min read

Multi-Color: A Sticky Situation (Special 200th Edition)

How CD&R wiped out nearly $4bn of debt and retained control of the world’s largest prime label manufacturer

Veritas

+3

Anthology: $1.6bn EdTech Roll-Up in Restructuring
LockSimple

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

+3

ConvergeOne (C1): When Majority Control Meets Judicial Constraint
LockSimple

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

+3

RealTruck: From Roll-Up to Roll-Over
LockSimple

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

+3

Loparex: Peeling Under Pressure
LockSimple

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

+4

Carestream: A Negative Film
LockSimple

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

+3

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

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

+4

FinThrive: Collection Issues
LockSimple

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

+3

Hostess Brands: The Pension Liability That Ate Twinkies
LockSimple

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

+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

Pari Passu

Restructuring, credit, and distressed debt insights from a hedge fund analyst and former restructuring banker

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