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Weil’s Proposed Wind-Down Comes Amid Several Restructuring Advisor Mandates

Reporting: Priya Batchu

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Advisor Database

Weil Gotshal & Manges, which says it plans to wind down its practice, has since the beginning of the year advised on several restructurings, including CDK Global, IFFCO Group, Cannabist Co. Holdings and LIV Golf, according to Octus reporting.

The firm has recently served as counsel to creditors, debtors and other parties across a range of distressed situations, including Six Flags Entertainment, Ascend Elements and Genesis Healthcare.

Recent Weil engagements that Octus has covered, as shown on our Advisor Database, are below:
 

A Weil spokesperson told Octus:
 

“For more than 90 years, Weil, Gotshal & Manges has had the privilege of advising clients on some of their most consequential matters. Following a careful review of strategic alternatives, the Firm’s Management Committee has recommended to the partnership that the Firm pursue an orderly wind-down. The partners are expected to vote in the coming days. During the wind-down process over the coming months, the Firm will continue serving clients with the dedication and excellence that have defined it since its founding and will remain committed to supporting its colleagues.”

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