 |
FTI Consulting is handling the Chapter 11 filing of Los Angeles-based Fisker Group electric vehicle maker.
The seven-year-old company blames “various market and macroeconomic headwinds” as reasons for going belly-up.
Fisker Group introduced its first model, Ocean SUV, last summer. Auto critics panned it for software-related issues. The company produced 10,000 Ocean SUVs and delivered 4,900 of them.
Fisker Group claims to be in advanced discussions with financial stakeholders regarding debtor-in-possession financing and the sale of the assets.
The Chapter 11 filing is the second for car designer Henrik Fisker. His Fisker Automotive went bankrupt in 2013.
FTI Consulting’s Rachel Chesley and Jennifer Mercer represent Fisker Group.
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.
