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...Jones, who has overseen other high-profile bankruptcies including Cineworld Group, Serta Simmons Bedding and Neiman Marcus, was only one of two judges in the Southern District of Texas venue who could have...
...The $50bn fund manager is a longtime lender to Revlon, the cosmetics company, and to Serta Simmons Bedding, the mattress group....
...In recent years he oversaw a string of high-profile cases including Cineworld Group, Serta Simmons Bedding and Neiman Marcus....
...“There is simply no ambiguity in my mind,” said Judge David R Jones as he made a ruling last May in the bankruptcy case of Serta Simmons Bedding, a large, private equity-backed mattress company....
...A US judge has dealt a blow to Apollo Global Management, Angelo Gordon and other big creditors in the bankruptcy of mattress maker Serta Simmons Bedding, in a ruling that could settle a fierce dispute on...
...Serta Simmons Bedding, one of the US’s largest mattress makers, filed for bankruptcy protection earlier this year. At Tempur, sales were flat last year but net income fell by 27 per cent....
...Serta Simmons Bedding, one of the US’s largest mattress makers, filed for bankruptcy protection last week....
...Two companies that pursued high-profile liability management transactions, Envision Healthcare and Serta Simmons Bedding, have filed for bankruptcy in 2023....
...And besides, Apollo’s cut-throat tactics have typically come from its much smaller private equity division — such as the ugly bankruptcy fight at Serta Simmons this year where Apollo had less than $50mn...
...Take, for example, a fight under way right now at the mattress company, Serta Simmons Bedding, currently owned by the private equity firm Advent International....
...But between Envision and such similar cases as Revlon and Serta Simmons, it’s becoming clear that filing for bankruptcy sooner might be the best for all parties....
...In a notable March decision, a New York federal court refused to dismiss a lawsuit against the mattress maker Serta Simmons Bedding brought by LCM, a credit investing company that owned $7mn in Serta loans...
...Reaching for new funds to see it through the pandemic, mattress company Serta Simmons Bedding took $200m in new loans from a slim majority of creditors who, in addition to putting in the fresh money, saw...
...Serta Simmons, the mattress company owned by Advent International, said complaints by a lender group led by Apollo over a recent rescue financing that left the group co-founded by Leon Black, pictured above...
...In recent months, disputes have broken out at mattress maker Serta Simmons Bedding, travel technology provider Travelport and movie theatre chain AMC Entertainment over refinancing deals that favour one...
...Ares has previously invested in General Nutrition Centers, Samsonite and mattress manufacturers Serta and Simmons....
...In August, Advent International, a private equity firm, outbid Bain Capital and Berkshire Partners for AOT Bedding, the maker of Serta and Simmons mattresses, in a deal valued at about $3bn....
...The group has closed on one investment for the fund in the US, mattress manufacturers Serta & Simmons bedding, and has agreed to invest in four other businesses in Europe, including KMD, a Danish IT services...
...The new owners, Ares management and Teachers Private Capital, already control National Bedding, best known for its Serta mattresses....
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