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Edelman Smithfield handles Del Monte Foods Corp. as the nearly 140-year-old company files for Chapter 11 to revamp its balance sheet and put itself on the auction block.
CEO Greg Longstreet said the restructuring would help Del Monte deal with challenges intensified by a dynamic macroeconomic environment.
He called Chapter 11 a strategic step and the best way to accelerate the company’s turnaround. “With an improved capital structure, enhanced financial position and new ownership, we will be better positioned for long-term success," he said.
Del Monte has lined up more than $900M in financing to help fund the business during the sale process and ongoing operations, including the pack season that is currently underway.
Edelman Smithfield’s Noelle Amos and Jordan Fisher handle Del Monte’s Chapter 11 filing.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
