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C Street Advisory Group is handling cryptocurrency lender BlockFi as it filed for Chapter 11 on Nov. 28 in the aftermath of the implosion of the FTX crypto exchange.
As part of the restructuring, BlockFi will focus on recovering funds owed to it by FTX but acknowledges that process will be delayed as FTX works through its own bankruptcy.
BlockFi says bankruptcy will allow it to stabilize its business and develop a restructuring plan that will maximize value for clients and other stakeholders.
C Street Advisory Group CEO Jon Henes was a lawyer who handled restructurings at Kirkland & Ellis before co-founding the New York-based financial PR firm in 2021.
Kirkland & Ellis is serving as legal counsel for the BlockFi Chapter 11 proceeding.
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.
