client_transactions

SSG Client Transactions

Title

Thompson Publishing Holding Co., Inc.
Client Profile

Client Profile

Thompson Publishing Holding Co., Inc. ("Thompson" or the "Company") is a leading, value-added publisher of subscription-based regulatory, compliance and healthcare information in the United States. Thompson provides high-quality information on complex industry regulations to institutions typically unable to devote dedicated staff to these critical regulations, saving its clients time, money, and resources. Customers rely on Thompson to provide differentiated topical insight that is unavailable from other sources. Thompson also provides executive level conferences, interactive training programs, strategic consulting, and in-house training services for government employees.
Situation

Situation

With the recent economic downturn affecting Thompson's business units and the lack of major new regulations during the transition between the Bush and Obama Administrations, Thompson's operational and financial performance was harmed. As a result, Thompson experienced a lack of liquidity and the acceleration of some of the Company's outstanding debt. SSG was retained by Thompson in June 2010 to explore strategic alternatives, including the sale of substantially all of Thompson's assets.
Solution

Solution

In September 2010, Thompson filed for voluntary bankruptcy protection under Chapter 11 of the United States Bankruptcy Code in the District of Delaware and entered into an asset purchase agreement with its Senior Lender Syndicate as the stalking horse bidder. During Thompson's Chapter 11 proceedings, SSG re-marketed Thompson to a wide range of strategic and financial parties, ultimately effectuating the sale of substantially all of its assets to its Senior Lender Syndicate.
December 2010
has sold substantially all of its assets to its Senior Lender Syndicate
Under Section 363 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
The undersigned acted as Investment Banker to Thompson Publishing Holding Co., Inc.
on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 786-7432

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