February 12, 2003
Maxxim Medical Inc., a portfolio holding of San Francisco buyout firm Fox Paine & Co. LLC, announces on February that it has filed for Chapter 11 in Wilmington, DE.
Willkie was retained to represent Clearwater, Fla-based medical supplies company Maxxim Medical Inc. in its bankruptcy. The company, which is a portfolio holding of San Francisco buyout firm Fox Paine & Co. LLC, announced on February 12 that it filed for Chapter 11 in Wilmington, DE. The bankruptcy will cost Fox Paine at least $150 million of its equity investment. Maxxim has obtained $20 million in DIP financing from J.P. Morgan Chase & Co. The Daily Deal online notes Willkie as legal advisor to Maxxim. Myron Trepper and Michael Kelly are handling this matter.