Pre Pack News Today

Health and beauty group THG paid £1.5m for City A.M. in last month’s pre-pack sale, and also had to pick up its July wages bill as the newspaper came close to running out of cash.

Colourpoint Litho has been sold in a pre-pack deal to a related party, casting off its pandemic-related liabilities in the process.

Documents filed by the administrators of wide-format printer Gardners have revealed that the company owed nearly £5.5m to its creditors.

UK private equity fund Elaghmore has expanded its Hexcite Group of businesses after acquiring signage specialist Concept Group in a pre-pack deal.

Summary Regulations”) came into effect on 30 April 2021.  The Regulations contain numerous features which mean that pre-packaged administration sales (specifically to connected persons) will begin to face a greater level of independent scrutiny.  Purpose The primary purpose of the Regulations is to prevent the administrator of a company from effecting: a disposal, hiring out, or sale of what is, in the administrator’s opinion, all or a substantial part of that company’s business or asse...

A pre-packaged resolution through a corporate rescue is a famous legal framework in the US, UK and Canada. It is striking a balance to safeguard the interests and opinion of creditors and to maintain the business and assets of debtors. "We have feedback coming in from certain stakeholders that the plan may likely not be viable in India because of certain challenges. We are still deliberating on this and will amend certain terms to make it beneficial for both creditors and debtors." sources told...