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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.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
