Hercules Offshore, the Houston-based offshore oil drilling services company, is working with FTI Consulting on its return to bankruptcy protection.
Hercules' June 12 Chapter 11 filing comes seven months after its initial foray through bankruptcy. During its first run, the company reorganized and emerged in November. But this latest foray is a plan to sell the company's assets.
The steady slump in oil prices contributed to the move. Hercules is working to woo remaining shareholders to support the plan, even though the sit behind lenders in any recovery of funds.
Travis Windle, managing director for FTI's strategic communications unit in Pittsburgh, heads the work.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
