bankruptcy

Silicon carbide component manufacturer Wolfspeed Inc. (NYSE:WOLF) is preparing to file for prepackaged Chapter 11 bankruptcy protection in the coming weeks. What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly...

New On The Block Starbucks (NASDAQ:SBUX) is brewing up some big decisions for its China business, including a potential stake deal that could fetch several billion dollars. The coffee giant has been quietly chatting with tech firms and private equity players, hoping someone might want a sip of its...

New On The Block TSG Consumer Partners is reportedly eyeing a sweet deal—a minority stake in Crumbl, the Utah-based cookie empire that could be worth a jaw-dropping $2 billion. Meanwhile, Blackstone and Golub Capital are cooking up something too, whipping together a $500 million unitranche loan to...

New On The Block Jack in the Box (NASDAQ:JACK) is exploring strategic options for Del Taco, including a potential sale, just two years after acquiring it for $585 million. According to Bloomberg, the fast-food chain could fetch up to $200 million. The company is working with Bank of America on the...

New On The Block Willow Tree Credit Partners seeks to sell a minority stake and is soliciting potential buyers, according to Bloomberg. The New York-based firm has about $5 billion in assets under management. Bloomberg also reports that Zurich-based Partners Group is divesting a 49% stake in...

New On The Block Harley-Davidson (NYSE:HOG) is selling its financing arm. Bloomberg estimates a price tag of $1 billion. The Milwaukee-based motorcycle brand could market the segment to various buyers, including regional banks and private equity firms. Separately, there’s drama brewing on...

These past three months were not what U.S. dealmakers wanted or expected. As of April 3, transaction tracker Dealogic showed zero percent growth in U.S.-based M&A volume compared to last year’s first quarter. Elsewhere? Volume is spiking triple digits. The Middle East and Africa combined...

Bankruptcy Block Plenty, a vertical farming company backed by billionaire Jeff Bezos, is wilting in bankruptcy. According to the Wall Street Journal, the Bay Area startup joins the ranks of Bowery, AeroFarms and AppHarvest in the vertical farming graveyard. SoftBank was expected to take charge of...

New On The Block Sandals Resorts International is once again trying to sell itself after years of family drama that’s more akin to “Succession” than “Paradise Hotel.” The Caribbean company — famous for its luxury destinations in places like Jamaica, the Bahamas, Saint...

New On The Block Purple Innovation, Inc. (NASDAQ:PRPL) is considering a sale. After receiving “unsolicited expressions of interest,” the mattress maker is exploring all possibilities to boost shareholder value. Purple's board established a special committee of independent directors to...

Spirit Aviation Holdings, Inc. (OTC:SAVEQ), the parent company of Spirit Airlines, LLC (OTC:SAVEQ) announced that it has successfully completed its financial restructuring. What Happened: The United States Bankruptcy Court for the Southern District of New York has confirmed Spirit...

New On The Block Raizen, a Brazilian joint venture between Shell plc (NYSE:SHEL) and Cosan SA (NYSE:CSAN), tapped JPMorgan to shop around its Argentinian oil refinery and gas stations network. Bloomberg recently reported that the company is undergoing a "profound" portfolio revision, citing CEO...

New On The Block Boeing (NYSE:BA) is seeking to sell Insitu, a maker of small, long-range military drones, per Bloomberg. The Arlington County, Virginia-based aerospace company acquired Insitu in 2008. Since then, the business has gone on to make drones for various military, including Ukraine...

Dynamic Aerostructures, which makes high-tech parts for U.S. fighter jets and SpaceX rockets, has filed for bankruptcy. What Happened: According to Bloomberg, the Valencia, California-based company plans to auction itself off in a court-supervised sale. Dynamic is owned by a private equity firm,...

New On The Block The New York Giants are seeking to sell up to a 10% ownership stake. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New York City market, have hired Moelis & Co. as their banker. Per ESPN, the Mara and Tisch families...