Weil Gotshal

Restructuring · Americas

Jersey Mike's completed a transition away from its Area Director model, a regional franchise management framework using third-party managers, to an in-house corporate support structure. Management says this cut overhead and added $9 million to adjusted EBITDA.

Restructuring · Americas

Thoma Bravo handed Medallia to its lenders in a debt-for-equity swap, wiping out $5.1B of equity on a $6.4B 2021 take-private; Blackstone, KKR, Apollo and Antares took control. The transaction closed August 3, 2026.

Restructuring · Americas

Guzman y Gomez is reported to be exiting the U.S. market after weak returns and a sizeable one-off charge, indicating a retrenchment from US operations.

Restructuring · Americas

California fitness holding company Fitlab filed for Chapter 11 bankruptcy protection in the District of Delaware, with estimated liabilities of $100M to $500M. Its portfolio includes Y7 Studio (all physical studios closed), Ragnar (being transferred to a new investor group), Assault Fitness, RPM Training, XPT, and Nike Studios (closed in March).

Restructuring · Americas

Acme United is closing its legacy Diamond Machining Technology sharpening facility in Marlborough, Massachusetts, and shifting that volume to Chinese partners, while directing capital toward automated domestic operations and direct-to-consumer acquisitions.

Restructuring · Americas

Brazilian biofuel producer FS and Abu Dhabi's Mubadala are reportedly seeking to buy debt held by creditors of troubled Raizen, signalling an active debt restructuring.