Willkie represented York Capital Management in a 363 asset acquisition supervised by U.S. Bankruptcy Court in Texas.
On August 31, affiliates of York Capital Management purchased substantially all of the assets located in the United States and Singapore of Lockwood Holdings, Inc. and certain of its affiliates (collectively, the “Seller”) in a 363 asset acquisition supervised by the United States Bankruptcy Court for the Southern District of Texas, Houston Division. In connection with the acquisition, York injected fresh equity into Lockwood Partners, LLC, a newly formed portfolio company of York that will continue the operation of Seller’s leading industrial valve distribution business. Willkie represented York throughout the bidding process, including the negotiation of certain bankruptcy-related matters and the asset acquisition.
The Willkie deal team was led by partners Michael De Voe Piazza, Kfir Abutbul, Joseph Minias and Jennifer Hardy.