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Kekst CNC is guiding the bankruptcy of Intelsat, the debt-burdened operator of the world's biggest commercial satellite fleet, as it positions for the federal government's auction of the airwaves for use in 5G networks.
Stephen Spengler, CEO, said Intelsat is respected for its quality, innovation and premium services but success came despite being burdened by substantial legacy debt.
The financial restructuring will enable it "to invest and pursue our strategic growth objectives, build on our strengths, and serve the mission-critical needs of our customers with additional resources and wind in our sails," he said.
Private equity firms BC Partners and Silver Lake own big chunks of Intelsat.
Kekst CNC's Sherri Toub, Ruth Pachman and Ross Lovern are working the Intelsat filing.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
