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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.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
