Report of the Independent Expert Issued Concerning the Financial Restructuring Plan of SoLocal Group – Business Wire (press release)

Restructuring

BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL): The report issued by Finexsi, who acted as an independent expert with the mission to provide a fairness opinion of the financial terms proposed to creditors of SoLocal Group concerning the financial restructuring plan of the Group (see press release of September 28, 2016) has been finalised and…

Act-On downsizes amid ‘focused restructuring’ – Portland Business Journal (blog)

Restructuring

Andy MacMillan, CEO of Act-On Software Act-On Software Marketing automation company Act-On Software is restructuring its team with dozens of lay offs reported. Thirty-six roles were affected. Last year, the company said it had roughly 400 employees, many based at its Portland headquarters. … Read the full article at: http://www.bizjournals.com/portland/blog/techflash/2016/10/act-on-downsizes-amid-focused-restructuring.html

Garden Fresh Reaches Agreement With Lenders To Restructure Debt – PR Newswire (press release)

Restructuring

To implement the restructuring, Garden Fresh has filed voluntary petitions for reorganization under Chapter 11 protection. Piper Jaffray has been engaged to assist with the anticipated sale of the business to second lien lenders, subject to higher and better bids. The Company also plans to close between 20 and 30 underperforming restaurants to strengthen its…

Doubts over future of Gerry Harvey-backed toy group Funtastic – The Australian Financial Review

Restructuring

Gerry Harvey is a long-time Funtastic backer. Peter Rae The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. But the company’s chief financial officer, Grant Mackenzie, insists it is now on a much stronger footing after…