Jindal Tubular seals PSL North America deal

By Angela Sormani — 1 year ago

Jindal Tubular has acquired PSL North America for $104 million. Based in Bay St. Louis, MS, PSL is a manufacturer of large diameter, high pressure steel pipe. Jindal Tubular made the acquisition through a section 363 sale approved by the United States Bankruptcy Court for the District of Delaware.

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Green Field sells assets to Gordon Brothers Group

By Iris Dorbian — 2 years ago

Green Field, an oilfield service firm based in Lafayette, Louisiana, has sold its equipment and inventory assets to Gordon Brothers Group. No financial terms were disclosed. Carl Marks served as an investment banker to Green Field on the transaction. Green Field filed for bankruptcy last October.

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Specialty retailer Brookstone plans bankruptcy filing – Reuters

By Reuters News — 2 years ago

Specialty retailer Brookstone Inc is preparing to file for bankruptcy with a plan in place to be bought by another specialty retailer, the Wall Street Journal reported, writes Reuters. Brookstone was taken private in 2005 by a group led by Osim, Asia’s biggest maker of massage chairs, in a $445 million deal. The group included Temasek Holdings and private equity firm JW Childs Associates LP.

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Gordon Brothers to liquidate Green Field Energy Services assets

By Iris Dorbian — 2 years ago

Gordon Brothers Group, a Boston-based advisory, restructuring and investment firm, has received approval by bankruptcy court to sell all assets formerly owned by Green Field Energy Services. A well service provider specializing in turbine-powered hydraulic fracturing services, Green Field filed for bankruptcy on October 27, 2013. The company’s assets are valued at more than $250 million.

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VC-backed Plextronics files for bankruptcy, gets $32.6 mln buyout offer – VentureWire

By Iris Dorbian — 2 years ago

According to VentureWire, Pittsburgh-based Plextronics has filed for bankruptcy. The outlet reported that existing investor Solvay SA has made a $32.6 million buyout offer for the printed electronics developer. Plextronics’s backers include Applied Ventures, Birchmere Ventures , Draper Triangle Ventures, Firelake Capital Management, Innovation Works, Newlin Investment Co. and Solvay North America Investments.

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