Akin Gump Advises Blackstone as Centric Brands Emerges from Bankruptcy
(New York) – Centric Brands LLC, a leading lifestyle brands collective, recently announced that that it has completed its financial restructuring and emerged from voluntary Chapter 11 proceedings, implementing its Plan of Reorganization that was approved by the United States Bankruptcy Court for the Southern District of New York.
Centric Brands is now a private entity with a strategic plan to continue harnessing growth opportunities in its core business segments while identifying new areas for future success in partnership with Blackstone, its majority sponsor, Ares Management Corporation, and HPS Investment Partners.
Additional information can be found here.
A team from Akin Gump advised Blackstone in connection with Centric Brands’ restructuring.
Dan Fisher, head of Akin Gump’s integrated special situations team, and financial restructuring practice co-head Phil Dublin led the team advising Blackstone. They were joined by partners Ira Dizengoff and Brad Kahn with respect to restructuring matters, Jaisohn Im and Chad Nichols for finance work and Zachary Wittenberg for corporate work, along with counsels Kimberly Rowe, Stephanie Bollheimer and Charlie Hely, and associates Natasha Burnett, Grace O’Donnell, Humzah Soofi, Joseph Szydlo and Benjamin Taylor.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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