Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
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.