Special Situations
Our team has extensive experience advising mid-market companies during periods of under-performance, distress, and insolvency. We help clients solve complex problems in challenging, time-sensitive environments, through senior-level attention, to ensure all strategic alternatives are quickly evaluated.
We develop tailored solutions for our clients and their key constituencies to maximize value in a timely and effective manner.
Our special situations team has a successful track record representing both debtors and creditors and offers a full range of advisory services including:
- Distressed M&A transactions including §363 sales, UCC Article 9 sales, federal and state receivership sales, and assignments for the benefit of creditors (ABCs)
- In-court and out-of-court reorganizations
- Debt and equity raises
- Strategic alternative and capital structure assessments
- Committee and board representation
We leverage our deep industry expertise and global distribution network to help clients efficiently develop, evaluate, and implement solutions that maximize long- and short-term stakeholder value.

Featured Transactions
C&M Company GmbH
has been acquired by
Hair&More Friseurbetriebe GmbH
Right/Pointe
has been acquired by
Crafco, Inc., a subsidiary of Ergon, Inc.
Gebauer & Griller Kabelwerke Gesellschaft m.b.H.
has sold its elevator and escalator business to
Lafayette Mittelstand Capital
Pentapart Beteiligungskapital GmbH
has acquired the essential assets of
Westiform GmbH & Co. KG
Alcohol Detection Systems, a subsidiary of Directed
has been acquired by
CST Holding company, a portfolio company of WCAS
Directed
has been acquired by
VOXX International Corporation
Saint-Gobain
has sold seven operating locations to
DIK - Deutsche Industriekapital GmbH
Arro
has been sold pursuant to §363 of Chapter 11 of the United States Bankruptcy Code to
Mount Franklin Foods
United Milwaukee Scrap
has been sold pursuant to Chapter 128 of the State of Wisconsin Statutes to
Alter Metal Recycling
Artistic Carton
has been acquired by
Graphic Packaging Holding Company
Beacon Bay Dental
financial advisory services
Confidential Outcome
VISI/ONE GmbH
has been acquired by
Choice Gruppe
Franz Wölfer Elektromaschinenfabrik Osnabrück GmbH
has been acquired by
MENZEL Elektromotoren GmbH
Chromatin
has been sold pursuant to a federal receivership sale to
S&W Seed Company
Quadrant 4 Systems Incorporated
multiple assets have been sold pursuant to §363 of Chapter 11 of the United States Bankruptcy Code
Multiple Counterparties
Lectrus Corporation
has been sold pursuant to §363 of Chapter 11 of the United States Bankruptcy Code to
AZZ Incorporated
Key Contacts
Additional Insights
- NewsLivingstone ranked #1 M&A firm in Germany by WirtschaftsWocheLivingstone has been ranked number one by WirtschaftsWoche, a Handelsblatt Media Group subsidiary, in its annual competition. WirtschaftsWoche, represented by an advisory board and a top-class jury, ranks the best firms in a two-step process, judging firms using the categories “self-perception” and...
- NewsLivingstone bolsters special situations practice with new hireLivingstone continues the expansion of its Special Situations practice with the addition of David Bierman as Associate Director.
- NewsLivingstone advises Right/Pointe on sale to CrafcoLivingstone is pleased to announce the sale of substantially all of the assets of Right/Pointe, LLC (the “Company”) to Crafco, Inc. (“Crafco”), a subsidiary of Ergon, Inc. Livingstone was the exclusive financial advisor to Right/Pointe. Terms of the transaction were not disclosed. Founded in 1996...
- NewsLivingstone advises Gebauer & Griller on its divestment of the elevator cable business assets to Lafayette Mittelstand CapitalLivingstone's Special Situations practice has advised Gebauer & Griller Kabelwerke Gesellschaft m.b.H., headquartered in Vienna, on a carve-out of the elevator cable business.