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Longacre Square Partners handles communications for the reorganization of Revlon, which on June 16 filed for Chapter 11 in US Bankruptcy Court for the Southern District of New York.
The beauty products company says Chapter 11 will allow it to reorganize its “legacy capital structure and improve its long-term outlook amid liquidity constraints brought on by continued global challenges, including supply chain disruption and rising inflation, as well as obligations to lenders.”
Billionaire financier Ron Perelman bought Revlon in 1985 in one of the first high-profile leveraged buyout deals.
His daughter, Debra Perelman, helms the company.
She said bankruptcy protection will “allow Revlon to offer our consumers the iconic products we have delivered for decades while providing a clearer path for future growth.”
Longacre’s Dan Zacchei, Charlotte Kiaie and Ashley Areopagita represent Revlon.
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.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
