Sunday, May 19, 2024
HomeNewsTech CommentaryBusiness Assets Within Bankruptcies, Minefield or Opportunity? The Stalking Horse.

Business Assets Within Bankruptcies, Minefield or Opportunity? The Stalking Horse.

This last week was my third participation as a buyer in bankruptcy auction, never as the “Stalking Horse.”

The first bankruptcy was a long time ago and a very small agency. Then there was Gawker. In the case of Gawker, I was the stalking horse.

More recently, a small division of the Big Village bankruptcy was of interest.  So, I attended the bankruptcy auction where Refuel agency was the stalking horse. (setting the base bid and Asset Purchase Agreement terms).

I’m sure it won’t be the last bankruptcy auction I participate in. Skyrocketing interest rates, lack of venture and PE funding and economic uncertainty combine with bad luck, and sometimes mismanagement to create opportunities.

But there are risks. Unlike a regular M&A deal these are cash deals. As-Is!

LATEST ARTICLES

Related Articles