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  Agtech

  Indoor farm Plenty declares bankruptcy as last-ditch pivot to strawberries crumbles

  March 25, 2025

  Plenty, which filed for Chapter 11 bankruptcy protection this week, had raised $400M in venture funding over the years.

  Article

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  Bankruptcy

  Who has the most to lose from Northvolt’s failure?

  November 25, 2024

  The bankruptcy of once-celebrated Swedish battery maker Northvolt is going to leave a lot of VCs out of pocket.

  Article

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  Agtech

  Wilted greens: How a leaf-eating pathogen, failed deals brought down Bowery Farming

  November 8, 2024

  A pathogen decimated crop yields at both of Bowery’s farms, former employees said. They never fully recovered.

  Article

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  Distressed & Defaults

  Europe, the land of low-drama debt exchanges

  October 4, 2024

  Debt exchanges sometimes get stressed corporates back on their feet — and they can also create opportunities for savvy investors.

  Article

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  CLOs

  European CLO managers ready toolkit to deal with stressed assets

  September 3, 2024

  The widely expected restructuring of Altice France’s debt may soon force CLO managers to reclassify some obligations they hold.

  Article

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  Bankruptcy

  Avon Products files Chapter 11 to address legacy talc liabilities

  August 15, 2024

  The company’s operating businesses outside the US are not a part of the Chapter 11 filing.

  Article

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  Distressed & Defaults

  Deep Dive: Distressed players see opportunity as restructuring process shifts

  August 9, 2024

  Distressed investors noted the rise of co-op agreements in restructurings to counter rising sponsor sophistication.

  Article

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  Distressed & Defaults

  LMEs seen as temporary fix — AlixPartners survey

  July 30, 2024

  Liability management exercises have allowed companies to stave off bankruptcy, but they may not resolve a company’s fundamental issues.

  Article

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  Europe

  Research: Europe suffers lack of founders with technical expertise

  June 19, 2024

  Research from London-based VC firm Antler has pointed to a lack of founders with software development or engineering skills as to why Europe has yet to produce a tech giant.

  Article

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  SPAC

  Cazoo hits the end of the road in the latest SPAC wreckage

  May 10, 2024

  Just three years after a blockbuster SPAC merger, used car dealer Cazoo is facing insolvency.

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  Bankruptcy

  WeWork noteholder group slams lack of progress in bankruptcy case

  April 25, 2024

  According to the ad hoc group, the case is no further along today that it was ten weeks ago.

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  Startups

  The business of winding down startups is booming

  February 27, 2024

  From digital media startup The Messenger to “Uber for freight” company Convoy, the skeletons of startups-past haunt founders and investors alike.

  Article

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  Leveraged Loans

  Diamond Sports nets RSA, $450M DIP, Amazon investment and Sinclair settlement

  January 17, 2024

  The company said that it has agreed with “key creditors … on financial terms and a go-forward capital structure that will be the foundation of the reorganization plan.”

  Article

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  Weekend Analysis

  Acquirers eager to gobble up cash-strapped fintechs

  November 21, 2023

  A 18-month dry spell for fintech deals will leave founders with few choices but to accept heavily-discounted acquisition offers. Distressed fintech deals have already started to pop up.

  Article

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  Bankruptcy

  Timeline: The rise and fast fall of WeWork

  November 6, 2023

  WeWork was once one of the most valuable startups in the world. Our timeline lays out the events that led to its filing for bankruptcy protection.

  Article

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  Private Equity

  Healthcare staffing PE deals persist in fallout of bankruptcies

  November 2, 2023

  Some PE investors are losing billions on bankrupt physician staffing companies. Meanwhile, other firms are making new bets in the sector.

  Article

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  Leveraged Loans

  Rite Aid files for bankruptcy with DIP, creditor agreement-in-principle in place

  October 15, 2023

  Rite Aid expects a restructuring support agreement with holders of at least 66.67% of the outstanding secured notes.” The company has some $4B in outstanding debt.

  Article

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  Weekend Analysis

  ‘FOMO fundraising’ and ‘orange flags': Bankman-Fried’s lust for risk was obvious

  October 12, 2023

  A bias toward a Zuckerberg-esque character, the bandwagon fallacy and crypto boom FOMO blinded many investors to the warning signs that surrounded FTX.

  Article

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