Goldstein & McClintock LLLP: (a) was selected as counsel to the creditors’ committee in the chapter 11 case of HemCon Medical Technologies, Inc. and Agri-Fine, Inc.; (b) represented, along with Amherst Partners, the creditors' committee in the sale of substantially all of the assets of International Supply Co., a robust auction transaction that resulted in a substantial increase from the original proposed purchase price; (c) represented the lender in a bridge loan on a historic Milwaukee building secured by tax credits generated from the restoration project, represented an entity in its raise of additional equity and closing with its lender to provide financing for the completion of the build out of a high-end private bar, restaurant, and night club in the West Loop in Chicago, and represented in a company repositioning its real estate holdings by selling two and purchasing a building in Toledo, Ohio; and (d) received the following recent awards: “Law Firm of the Year-Corporate Restructuring-Illinois” by M&A Today’s 2016 Global Awards, "Restructuring Law-Boutique Firm of the Year-USA” by Global Business Magazine and the Professional Sector Network’s 2016 Annual International Awards, and five additional awards by 2016’s ACQ Law Awards including Corporate Restructuring Law Firm of the Year-U.S., Bankruptcy Law Firm of the Year-U.S., Diversity Law Firm of the Year-U.S., Insolvency & Restructuring Law Firm of the Year-U.S., and Banking & Finance Law Firm of the Year-U.S.

Jake Miller of Oak Point Partners announces the purchase of all remaining known and unknown assets in the TTC Illinois Inc. and TTC Holdings Inc. bankruptcy. The remnant purchase deal brought additional cash to the estate at the end of the case and also helps avoid the hassle of something showing up after the final decree that can be costly to resolve and typically isn’t big enough to justify reopening the case.

Tom Jones of Concord Financial Advisors, LLC announces the closing of a $20 million senior secured revolving line of credit and a $6 million term loan for a global manufacturer and distributor of movable walls in Wisconsin. Concord served as the exclusive financial advisor. Concord also recently closed an $8.2 million senior credit facility and a $1 million second lien loan for a private equity sponsored supplier of product identification and user interface solutions based in CA. Concord served as the exclusive financial advisor.

Sugar Felsenthal Grais & Hammer LLP served as counsel to Agri-Fine Inc. in its chapter 11 bankruptcy proceedings. Founded in 1984, Agri-Fine makes vegetable oil-based products from a raw material called soapstock, a byproduct of food-oil production, which is then used as nutritional ingredients in livestock feed. The company also makes a fertilizer product. And, on February 17, Sugar Felsenthal Grais & Hammer LLP, counsel to the official committee of unsecured creditors in Newton Manufacturing Company, successfully confirmed a joint plan of liquidation. Founded in 1909, Newton was a nationwide distributor of customer customized promotional products, such as writing instruments, golf balls, apparel and travel bags. On June 26, with the committee's backing, the bankruptcy court for the southern district of Iowa approved the sale of substantially all of Newton's non-real property assets to HALO Branded Solutions, Inc., one of the largest promotional products distributors in the U.S.

AEG Partners recently announced a new engagement to advise a West Coast-based consumer products company focused on developing and executing a complete transformation of the company's go-to-market strategy, while also addressing liquidity challenges. AEG has also been engaged by the unsecured creditors committee in the World Marketing Chicago chapter 11 case.  AEG's role includes assisting the committee in evaluating circumstances leading up to the filing as well as devising and facilitating viable recovery options.

Keystone was engaged by a meat distributor and wholesaler to improve cash flow and profitability, and develop a forecast to support a forbearance and amendment. Keystone was also engaged by a uniform manufacturer and distributor to identify opportunities to improve short term cash flow and longer term profitability. The work includes development of a 13 week cash flow forecast and 2016 monthly business plan.

Fort Dearborn Advisors closed on the sale of substantially all operating assets of Standard Steel & Wire, Inc. to Alliance Steel LLC.  Standard Steel & Wire is a steel service center that provides slitting, gauge correction, rolling mill and edging services to prepare coils for a variety of customers. Fort Dearborn conducted a robust sales process yielding multiple indications of interest and, ultimately, an acquirer who met the owner’s objectives. 

Loeb Winternitz President Charles Winternitz reports on the completion of several auction and liquidation projects of which an equity position was taken or completed on agent basis. Projects included: Surplus to Scorpion Performance, high precision CNC machining operation (FL); Mastercraft Furniture Refinishing & Upholstery (IL); Nobu Nutritional Baking, high-end pet food baking, processing and packaging equipment (IL); Surplus to Lubrizol Corp., ink & powder processing and packaging equipment (IL); Stern Corporation, HVAC and metalworking equipment (IL); Pacal Industries, structural steel operation (WI); Cosmolab, Inc., preparation and manufacturing equipment for color cosmetics including plastics equipment (TN); Star Mfg., new unsold/unused high-end commercial restaurant equipment supplier (TN); Cosmopolitan Marketplace, new food concept in 2014 - protein processing (meat, chicken and fish), full production bakery, high end deli, kitchen restaurant and retail assets (IL); Trans Industries, metal fabrication and tube bending operation (IN); Alternate Collection, new/unused high-end commercial restaurant equipment (CA); Redmoon Theater, stage production, props, accessories and theater support assets (IL); M & M Machine, metalworking machine tools (IL).