Transactions
The RealReal, Inc.’s privately negotiated convertible debt exchange
Date Announced: 
02/10/2025
client: 
The RealReal, Inc.
Status: 
Closed  – 02/10/2025  
Value: 
$183 million     
Altus Power, Inc.’s sale to TPG Rise Climate LP
Date Announced: 
02/06/2025
client: 
Altus Power, Inc.
Status: 
Closed  – 04/16/2025  
Value: 
$2.2 billion    
P Capital Partners AB’s majority stake sale to M&G plc
Date Announced: 
02/06/2025
client: 
P Capital Partners AB
Status: 
Closed  – 06/03/2025  
Value: 
Undisclosed    
X-Energy Reactor Co. LLC’s follow-on raise to series C-1 round
Date Announced: 
02/06/2025
client: 
X-Energy Reactor Co. LLC
Status: 
Closed  – 02/06/2025  
Value: 
$200 million     
Brightstar Capital Partners LP’s acquisition of The W.W. Williams Company, LLC from One Equity Partners LP
Date Announced: 
01/30/2025
client: 
Brightstar Capital Partners LP
Status: 
Closed  – 01/30/2025  
Value: 
Undisclosed    
Amerit Fleet Solutions, Inc., a portfolio company of Brightstar Capital Partners, sale to New Mountain Capital
Date Announced: 
01/28/2025
client: 
Amerit Fleet Solutions, Inc.
Status: 
Closed  – 01/28/2025  
Value: 
Undisclosed    
Strategy’s perpetual convertible preferred stock offering
Date Announced: 
01/27/2025
client: 
MicroStrategy, Inc. (d/b/a Strategy)
Status: 
Closed  – 02/05/2025  
Value: 
$584 million    
GOL Linhas Aéreas Inteligentes SA’s restructuring
Date Announced: 
01/25/2025
client: 
Ad hoc group of 2026 senior secured bondholders of GOL Linhas Aéreas Inteligentes SA
Status: 
Closed  – 06/06/2025  
Value: 
$7 billion    
Aimbridge Hospitality Holdings LLC’s restructuring and capital raise
Date Announced: 
01/16/2025
client: 
Ad hoc group of first lien lenders of Aimbridge Hospitality Holdings LLC
Status: 
Closed  – 03/11/2025  
Value: 
$1.3 billion – Restructuring, $100 million – Capital Raise    
Thrive Operations, LLC, a portfolio company of Court Square Capital Partners, strategic investment from Berkshire Partners
Date Announced: 
01/14/2025
client: 
Thrive Operations, LLC
Status: 
Closed  – 01/2025  
Value: 
Undisclosed    
Sinclair Television Group, Inc.’s recapitalization
Date Announced: 
01/14/2025
client: 
Sinclair Television Group, Inc.
Status: 
Closed  – 02/12/2025  
Value: 
$3.5 billion    
ModivCare, Inc.’s secured debt raise and uptier exchange
Date Announced: 
01/10/2025
client: 
ModivCare, Inc.
Status: 
Closed  – 03/11/2025  
Value: 
$105 million – secured debt raise, $271 million – uptier exchange    
KKR & Co., Inc and Public Sector Pension Investment Board’s acquisition of a 19.9% equity interest in American Electric Power Co, Inc.’s Ohio and Indiana & Michigan transmission companies
Date Announced: 
01/09/2025
client: 
KKR & Co., Inc. and Public Sector Pension Investment Board
Status: 
Closed  – 06/05/2025  
Value: 
$2.8 billion    
Wynn Resorts Ltd.’s acquisition of Crown London Aspinalls from Crown Resorts
Date Announced: 
01/09/2025
client: 
Wynn Resorts Ltd.
Status: 
Closed  – 06/05/2025  
Value: 
Undisclosed