J Eric Ivester represents clients including borrowers, creditors, investors, sellers, purchasers and other parties of interest at all stages of complex restructuring transactions, such as in-court and out-of-court reorganisations, debt restructurings, acquisitions and divestitures.
Mr Ivester’s recent representations include SunEdison Inc in its Chapter 11 filing, Exide Technologies in its emergence from its voluntary Chapter 11 case and confirmation of its plan of reorganisation resulting in the reduction of US$600 million of debt, Travelport Limited and related companies in their out-of-court restructuring of US$2.1 billion of debt, and MF Global Holdings Ltd in its Chapter 11 filing. Mr Ivester also represented Ipsen Pharma SA in the Chapter 11 case of Inspiration Biopharmaceuticals Inc, wherein Inspiration and Ipsen successfully consummated sales of two haemophilia drugs and related assets to Baxter International and Cangene Corporation.
Mr Ivester also led Skadden’s representations in the successful restructurings of Interstate Bakeries Corporation, the maker of Wonder Bread and Twinkies and the nation’s largest wholesale distributor of fresh baked bread and sweet goods; Hayes-Lemmerz, the largest global producer of wheels for passenger cars and light trucks; and Mark IV/Dacco Products, a tier-one automotive supplier. In the retail sector, Mr Ivester was one of the partners that led the firm’s representation of Kmart Corporation and its affiliates in their successful emergence from Chapter 11.
The Turnaround Management Association recognised Mr Ivester for his work on the Interstate Bakeries Chapter 11, naming it the ‘Large Company Transaction of the Year’ at its 2009 Transaction of the Year Awards. In February 2009, Mr Ivester was named ‘Dealmaker of the Week’ by The Am Law Daily for his work on the same case. He has repeatedly been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business and Best Lawyers in America. He also was listed in Euromoney and Legal Media Group’s 2009 Expert Guide to the World’s Leading Insolvency and Restructuring Lawyers. Mr Ivester is a fellow of the American College of Bankruptcy.