Glansaol sold substantially all of its assets to AS Beauty.
Willkie recently represented privately held Glansaol Holdings Inc. and its affiliates in its chapter 11 bankruptcy cases. On December 20, 2018, Glansaol and seven affiliates filed for chapter 11 protection with a stalking horse bidder to purchase substantially all of its assets. After a competitive bidding process, Glansaol sold substantially of all its assets to AS Beauty.
Throughout the chapter 11 cases, Willkie collaborated with the Official Committee of Unsecured Creditors and was able to proceed on a fully consensual basis. The Bankruptcy Court confirmed the plan on August 2, 2019.
The Willkie team was led by partners Mark Cognetti and Brian Lennon and included partner Laura Acker, counsel Weston Eguchi and associate Dan Forman.