DirectBuy Holdings Inc.

• 11/1/16 Recap: E-commerce provider of concierge-based virtual shopping experiences files for bankruptcy to achieve a balance sheet restructuring via sale of the business to proposed stalking horse bidder, Derby SPV Inc. 
• Jurisdiction: D. of Delaware
• Capital Structure: $145mm 12% PIK Toggle Notes, $10mm pre-exchange holdover notes.    
• Company Professionals:
  • Legal: Cole Schotz (Michael Sirota, Norman Pernick, Felice Yudkin, Ilana Volkov, Marion Quirk, Nicholas Brannick)
  • Investment Banker: Carl Marks Advisory Group LLC (Charles Boguslaski, C. Scott Chabina, Jonathan Ladner, Parker Condie)
  • Claims Agent: Prime Clerk (*click on company name for docket)
• Other Parties in Interest:
  • Unsecured Creditors' Committee
    • Legal: Saul Ewing LLP (Sharon Levine, Lucian Murley, Aaron Applebaum, Dipesh Patel, Monique DiSabatino)
    • Financial Advisor: Emerald Capital Advisors (John Madden)
  • Equityholders: Bayside Capital & PennantPark Investment Corporation
    • Legal: Weil (Brian Rosen, Debora Hoehne) & (local) Pepper Hamilton (David Stratton)

Updated 12/30/16.