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Brunswick Group handles Intrum AB as the Swedish debt collector files a prepackaged Chapter 11 bankruptcy in US federal court for the southern district of Texas.
Intrum’s financial woes stem from the rise in interest rates, which squeezed its portfolio of non-performing loans made when rates were near zero.
The bankruptcy move would enable Intrum to restructure $4.7B in debt.
Intrum turned to Texas for the reorganization after failing to win bondholder approval for a filing in the UK. It expects to gain approval of the bankruptcy plan by the end of the year.
Brunswick Group has partner Azadeh Varzi, director Freya Semken, and associate Hedda Söderström working the Itrum business.
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.
