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Joele Frank handles Denbury Resources as a Texas court approves its pre-packaged bankruptcy plan to restructure its balance sheet to eliminate $2.1B in debt.
The Plano, TX oil and gas company filed for Chapter 11 due to soft energy prices/demand, negative impact of COVID-19 and heavy debt.
The company focuses on the Gulf Coast and Rocky Mountain regions and specializes in retrieving reserves from mature fields with its carbon dioxide enhanced oil recovery operations.
CEO Chris Kendall expects Denbury to emerge from Chapter 11 in mid-September as a stronger business with significant financial flexibility.
Joele Frank, Wilkinson Brimmer Katcher’s Andrew Siegel, Michael Freitag and Andrew Squire represent Denbury.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
