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Joele Frank is handling the pre-packaged, one-day reorganization of Belk department store chain, which has about 300 outlets in the southeastern US.
Founded in 1888, Belk expects to file for Chapter 11 on Feb. 24 and anticipates confirmation of the restructuring on the same day.
Under the plan, Sycamore Partners private equity firm will retain majority control of Belk. Sycamore, KKR and Blackstone Credit have agreed to provide $225M in financing to the chain.
Joele Frank, Wilkinson Brimmer Katcher’s Michael Freitag and Arielle Rothstein represent Sycamore in the Belk reorg.
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.
