Sloane & Co. is handling Revlon’s financial restructuring, a bond exchange that the Wall Street Journal says could help it avoid Chapter 11.
The cosmetics company, which has been hard hit by the COVID-19 pandemic, faces a Nov. 13 deadline to complete its bond exchange. If not enough bondholders participate in the program, Revlon may declare bankruptcy.
Debra Perelman, Revlon CEO, called the debt swap deal ”an important step towards strengthening our capital structure and better positions us to focus on our future growth.”
While Revlon is challenged by the pandemic, Perelman said the company “has the right strategy in place and will continue to execute against it.”
Sloane & Co.’s Dan Zacchei and Joe Germani represent Revlon.
Stagwell Group’s SKDKnickerbocker owns Sloane & Co.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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