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C Street Advisory Group is handling WeWork as the office-sharing company files for Chapter 11, falling victim to the transition to work-from-home and high lease costs.
The company, which had a market valuation of $47B in 2019, was worth $45M at the Nov. 6 restructuring filing.
It is counting on the success of a “value maximizing lease rejection plan” to position for operational and financial success.
CEO David Tolley promised to aggressively address WeWork’s legacy leases and dramatically improve its balance sheet.
“We defined a new category of working, and these steps will enable us to remain the global leader in flexible work,” he said.
Tolley said WeWork “has a strong foundation, a dynamic business and a bright future.”
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.
