Posted on: December 3, 2010 by Clancy Nolan
Encompass Digital Media, which is backed by Tennenbaum Capital, will pay $113 million for the content distribution business of Ascent Media Corp., Reuters reported. Macquarie Capital advised Encompass on the transaction, and is also providing financing along with Tennenbaum. The deal comes only a week after Ascent said it would sell its creative services and media services businesses to Deluxe Entertainment Services Group for $68 million.
Tags: Tennenbaum Capital
Posted on: March 10, 2010 by Erin Griffith
I’m at the DBR Restructuring and Turnaround Summit in New York. When a question arose as to the sustainability of private equity’s “amend and extend” strategy (a technique used in the last year to avoid loan maturities on highly levered companies) arose, Michael E. Tennenbaum of distressed debt investment firm Tennenbaum Capital Partners had this to say:
“The longer you kick the can down the road, the dirtier it gets.”
Tags: Tennenbaum Capital
Posted on: March 10, 2009 by PEHub Administrator
NEW YORK (Reuters) – Motor home maker Fleetwood Enterprises Inc (FLTW.OB) has filed for bankruptcy and will close its travel trailer division, the company said on Tuesday. Fleetwood, which also makes manufactured housing and military barracks, has been hurt by high fuel prices and the housing market decline. It is seeking a buyer for its [...]
Tags: Fleetwood Enterprises, Tennenbaum Capital
