© 2014 The Texas Lawbook.
By Brooks Igo
Staff Writer for The Texas Lawbook
(February 17) — Gregory Hesse, a partner in the Dallas office of Hunton & Williams, will be honored for his role in the M&A Advisor’s Sec. 363 Sale of the Year ($100 million to $1 billion) at its 8th Annual Turnaround Awards event on March 11.
The Richmond, Va.-based firm represented the bankruptcy sale of substantially all of the assets of Orchard Supply Hardware Stores to a newly formed limited liability company owned by firm client Lowe’s Companies, Inc.
Hesse and a team of 11 other lawyers from the firm guided the world’s second-largest home improvement chain through the bankruptcy process to purchase 71 retail outlets from Orchard in exchange for cash consideration of $205 million, continued employment for most of the debtor’s employees and the assumption of designated liabilities owing to the debtors’ vendors and landlords.
The firm also will receive an award for its role in the Distressed M&A Deal of the Year ($10 million to $50 million). No Hunton & Williams lawyers from Texas were involved in the foreclosure/Article 9 sale of Midstate Mills, Inc. to a subsidiary of firm client Renovo Capital, LLC.
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