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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.
ICR Inc. works for LongRange Capital as the Stamford private equity firm acquires Pizza Hut from Yum Brands for $1.5B.
FGS Global handles Fox Corp. as it agrees to acquire The Roku Channel, which relies on Joele Frank, in a deal valued at $22B.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
