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Collected Strategies handles Red Lobster as the world’s largest seafood chain files for Chapter 11 protection.
It says the reorganization will drive operational improvements, simplify its business via the shutdown of low-performing restaurants, and pave the way for the sale of the business as a going concern.
Red Lobster has entered into a stalking horse purchase agreement that calls for it to sell the business to a group formed and controlled by its existing term lenders.
CEO Jonathan Tibus said the support from lenders and vendors will ensure that the sale of the company will occur quickly and efficiently.
He expects Red Lobster to emerge from the Chapter 11 proceedings as a stronger company focused on growth.
Red Lobster has about 600 restaurants, and has recently closed units in Orlando, San Antonio, Denver and San Diego.
Collected Strategies partners Dan Moore and Jude Gorman work the Red Lobster Chapter 11 filing.
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.
