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Joele Frank is working for Thrasio Holdings as the top Amazon aggregator declares Chapter 11 reorganization as the e-commerce frenzy slows in the aftermath of the pandemic.
The restructuring enables Thrasio to shave $495M in debt off its balance sheet. It has arranged $90M in fresh financing.
“Thrasio is one of the largest third-party sellers on the Amazon marketplace, and with a strengthened balance sheet and new capital, we will be better equipped to support our brands, scale our infrastructure and enable future opportunities,” CEO Greg Greeley said in a statement.
Joele Frank, Wilkinson Brimmer Katcher’s Michael Freitag, Jed Repko and Kara Sperry represent Thrasio.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
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.
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