Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Newport Closes on Investment in Merisant
- Client News
- January 11, 2010
Practices
Our client Newport Global Advisors closed on an investment in Merisant, the Chicago-based maker of the artificial sweetener Equal. The closing of the investment by Newport occurred in connection with the emergence of Merisant from bankruptcy pursuant to a chapter 11 plan of reorganization.
The plan, which had been approved by the US Bankruptcy Court for the District of Delaware on December 16, 2009, called for a direct investment by Newport in shares of the reorganized company as well as a backstop by Newport of a rights offering pursuant to which certain holders of existing claims against Merisant were offered the opportunity to subscribe for shares in the reorganized company.
The corporate lawyers included partner Bruce Gutenplan and bankruptcy partner was Andrew Rosenberg.