Out-of-court

Industrials

Jul 3, 2026

•

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

•

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

•

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

Jun 5, 2026

•

27 min read

FinThrive: Collection Issues

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

Tech, Media & Telecom

May 22, 2026

•

28 min read

Ivanti Software: A Compromised Platform

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

Siris Capital

May 15, 2026

•

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

•

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

•

25 min read

United Site Services: A Royal Equity Flush

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

Industrials

Apr 17, 2026

•

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

•

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

Apr 3, 2026

•

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.

Industrials

Mar 13, 2026

•

27 min read

Xerox: Exploiting the Fine Print

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

Consumer & Retail

Feb 27, 2026

•

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

Del Monte Foods: From LME to Section 363

Feb 20, 2026

•

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

Magenta Buyer: The Blocking Position Playbook

Feb 13, 2026

•

25 min read

Magenta Buyer: The Blocking Position Playbook

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

Technical Lesson

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

Feb 6, 2026

•

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

Feb 2, 2026

•

16 min read

Florida Food Products: The Modern LME

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

Consumer & Retail

Jan 30, 2026

•

16 min read

MRP Solutions: Molded by Distress

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

KKR

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring

Jan 23, 2026

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26 min read

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring

Inside the “Distressed Disposal” Trap: How the AHG Weaponized European Documentation Holes to Engineer a Coercive Squeeze

Consumer & Retail

City Brewing: A Hard Seltzer LME Hangover

Dec 19, 2025

•

19 min read

City Brewing: A Hard Seltzer LME Hangover

How White Claw’s co-manufacturer was forced into back-to-back LMEs

Industrials

A Sharp Turn: Oregon Tool’s Post-Serta LME

Nov 7, 2025

•

17 min read

A Sharp Turn: Oregon Tool’s Post-Serta LME

How Platinum Equity’s Oregon Tool took the new “extend-and-exchange” one step further

KKR

Oct 17, 2025

•

27 min read

Thames Water Part 3, The Last Drops?

A debt-ridden utility caught up between hedge funds fighting for scraps, all while the public watches on

Deep Dives

Oct 14, 2025

•

19 min read

Thames Water Part 2, Sink or Swim?

The years that pushed Britain’s biggest utility to an all out national crisis

Deep Dives

Thames Water Part 1, How the Tap Ran Dry

Oct 10, 2025

•

28 min read

Thames Water Part 1, How the Tap Ran Dry

From a privatization dream to a public liability nightmare, an in-depth analysis of the utility giant’s unravelling

Deep Dives

Better Health: Liability Management’s Post-Serta Prototype

Sep 26, 2025

•

17 min read

Better Health: Liability Management’s Post-Serta Prototype

How a physician rollup became the first test of the “Extend-and-Exchange” LME

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Vista

RealTruck: From Roll-Up to Roll-Over

Loparex: Peeling Under Pressure

Carestream: A Negative Film

FinThrive: Collection Issues

Ivanti Software: A Compromised Platform

Newfold Digital: Domain Expired

LifeScan: Too Hard to Turn Around

United Site Services: A Royal Equity Flush

FXI Holdings: A Not-so-Soft Landing

Rinchem: The Chemistry of Control

RSA Security: Identity Crisis

Xerox: Exploiting the Fine Print

Empire Today: Floored by the Market

Del Monte Foods: From LME to Section 363

Magenta Buyer: The Blocking Position Playbook

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

Florida Food Products: The Modern LME

MRP Solutions: Molded by Distress

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring

City Brewing: A Hard Seltzer LME Hangover

A Sharp Turn: Oregon Tool’s Post-Serta LME

Thames Water Part 3, The Last Drops?

Thames Water Part 2, Sink or Swim?

Thames Water Part 1, How the Tap Ran Dry

Better Health: Liability Management’s Post-Serta Prototype

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