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Jenner & Block Partner Jeff J. Marwil led a panel discussion entitled, "Out-of-Court Workout and Restructuring," at the 2006 M&A Annual Advisor conference held December 11 in New York. In addition, the Firm was recognized at the conference’s awards dinner as a finalist in the U.S. Middle Market Deal of the Year award category for its representation of Barjan Products, LLC in the sale of its assets in two unique transactions.
Mr. Marwil, a member of the Firm’s Bankruptcy, Workout and Corporate Restructuring practice, moderated a panel that addressed Out-of-Court Workouts and Restructuring and included Thane Carlston, Managing Director, Jefferies & Company, Inc., New York; Matthew Niemann, Managing Director, Cerberus Capital Management, Chicago; and John Grivetti, Executive, Crowe Chizek, Oak Brook, IL.
At the awards dinner, Jenner & Block was recognized for its representation of Barjan, the largest marketer of general merchandise products to travel centers in North America, in the sale of substantially all of its assets in two transactions. The first was a traditional asset sale of one of Barjan’s business divisions. The second transaction was a consensual Article 9 foreclosure sale, where the Firm structured a transaction to deliver the remainder of Barjan’s assets free and clear of Barjan’s multimillion dollar secured and unsecured debt obligations. Both transactions were completed without the need for a bankruptcy filing or other court supervision. This deal employed a legal procedure not necessarily designed for a going concern sale of a business.
The Jenner & Block team on the Barjan deal included Partners Jeff J. Marwil, Jill Sugar Factor, Geoffrey M. Davis, S. Tony Ling, Gail H. Morse, Adam Petravicius and Steven M. Siros; Of Counsel Ruth A. Schoenmeyer; and Associates Peter H. Rosenbaum and Laura A. Sakulich, Mercedes M. Davis, Dawn M. Duffy, Frank J. Eichenlaub IV, Megan R. Leger and Darren M. Mungerson.
More than 350 middle-market mergers and acquisitions and corporate financing professionals attended the 5th Annual M&A Advisor Awards Dinner.
The M&A Advisor is an information provider and networking organization delivering services that provide executives, M&A professionals, and others about the intricate world of financing, buying and selling middle market companies.
In 2004, Jenner & Block received the M&A advisor "U.S. Middle Market Deal of the Year" award for serving as lead bankruptcy counsel for Archibald Candy Corporation.