November 19, 2010
Local Insight Media, a portfolio company of Welsh, Carson, Anderson & Stowe since 2006, has filed for Chapter 11 bankruptcy protection in order to strengthen its balance sheet. The company provides local search solutions and has secured $25 million of DIP financing from JP Morgan Chase and GSO Capital Partners. Kirkland & Ellis is serving as its legal counsel, while Lazard Freres & Co. is acting as its investment banker.
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