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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.
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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