GTCR's Crafts Platform in Showdown with Creditors

MacFadyen, Ken
July 2009
Mergers & Acquisitions Report;7/27/2009, Vol. 22 Issue 30, p9
The article reports on the petition filed by creditors of GTRC-backed Wilton Holdings for an involuntary bankruptcy against the craft products maker. GTCR invested 126 million U.S. dollars of equity in the establishment of Wilton. According to "The Chicago Tribune," TowerBrook Capital Partners is seeking 104 million U.S. dollars, while Deutsche Bank has made a matching claim. The rating outlook on Wilton's debt has been cut by Moody's Investors Service to negative.


Related Articles

  • Tomorrow's Deals.  // Mergers & Acquisitions Report;7/27/2009, Vol. 22 Issue 30, p20 

    This section offers news briefs related to mergers and acquisitions in the U.S. AB Hirschfeld Press Inc. is seeking a buyer for its bankrupt Hirschfeld LLC unit. Yahoo! Inc. announced that it was seeking a buyer for its Yahoo Small Business unit and for its HotJob.com Ltd unit. Meanwhile, GTCR...

  • Wilton Brands Completes Restructuring. Marino, Jonathan // Mergers & Acquisitions Report;10/19/2009, Vol. 22 Issue 42, p12 

    The article reprots that Wilton Brands has completed its restructuring through its company and its subsidiaries agreement with TowerBrook Capital Partners and Deutsche Bank. Under the agreement, TowerBrook and Deutsche Bank will withdraw their involuntary Chapter 11 petition. Debt of Wilton to...

  • A deal that went sideways. MAREK, LYNNE // Crain's Chicago Business;7/28/2014, Vol. 37 Issue 40, p0001 

    The article reports the bankruptcy filing of the firm Sorenson Communications Inc., a supplier of phone devices and services for people with hearing disabilities, as of late July 2014. The company is a joint venture of private equity firms GTCR LLC and Madison Dearborn Partners LLC. It claims...

  • Exit strategy. Fulman, Ricki // Pensions & Investments;4/15/2002, Vol. 30 Issue 8, p8 

    Focuses on the investment of GTCR Golder Rauner on funeral home industry in Chicago, Illinois. Equity fund for the industry; Acquisition of funeral homes and cemeteries; Emphasis on death care.

  • GTCR Closes $3.25B Fund. Burton, Paul // Mergers & Acquisitions Report;2/28/2011, Vol. 24 Issue 9, p15 

    The article announces the final closing of the 10th buyout fund from private equity firm GTCR raising over 3.25 billion U.S. dollars of equity capital commitments.

  • GTCR Backs Time Warner Vet Joe Ripp. MacFadyen, Ken // Mergers & Acquisitions Report;2/14/2011, Vol. 24 Issue 7, p11 

    The article examines the marketing initiative launched by GTCR to support Time Warner veteran Joseph Ripp's private equity platform.

  • Deutsche Bank grabs Senator. Bennett, Ray; Taylor, Joel // Hollywood Reporter -- International Edition;8/17/2004, Vol. 385 Issue 12, p116 

    Berlin based media group Senator Entertainment AG said that Deutsche Bank AG, London has taken a majority 80 percent stake in the insolvent company. In the deal, Deutsche Bank also gets Senator's 25 percent stake in German multiplex exhibitor Cinemaxx. The bank is Senator's main creditor, having...

  • Banks Arrange $170M Loan for ATI. Sheahan, Matthew // High Yield Report;3/1/2010, Vol. 21 Issue 9, p8 

    The article announces the 170 million U.S. dollars senior secured credit facility obtained by Bolingbrook, Illinois-based physical rehabilitation provider ATI Holdings to finance its acquisition by a private equity firm GTCR Golder Reuner.

  • GTCR Picks Up Sterilization Biz. Cody, Tamika // Mergers & Acquisitions Report;2/28/2011, Vol. 24 Issue 9, p16 

    The article reports on an agreement signed by GTCR for the acquisition of Sterigenics International from Silverfleet Capital and PPM America Capital Partners.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics