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Reevemark is working the Chapter 11 filing of 23andMe, the former high-flying ancestry testing kit company that failed to rebound from a 2023 data breach incident that exposed the personal information of nearly 7M customers.
The San Francisco-based company will use the bankruptcy protection to try to find a buyer of its assets.
Mark Jensen, chair and member of a special committee of the board, also noted that the court-supervised process will "advance our efforts to address the operational and financial challenges we face, including further cost reductions and the resolution of legal and leasehold liabilities.”
The company laid off about 200 employees late last year.
23andMe announced that CEO Anne Wojcicki, who attempted to buy the company, has resigned her post but will remain a board member.
CFO & accounting officer Joe Selsavage will assume the additional role of interim CEO.
Reevemark’s Hugh Burns, Nicholas Leasure and Luc Herbowy represent 23andMe.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
