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 (the largest in 2016) and its successful emergence from Chapter 11, 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 Hostess Brands, then 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 Hostess Brands Chapter 11 case, 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. Mr Ivester was named one of Turnarounds & Workouts’ Outstanding Restructuring Lawyers in 2017, was selected for inclusion in Chambers Global in 2016 and 2017, has been named in Lawdragon 500 Leading Lawyers in America and repeatedly has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business, The Best Lawyers in America, IFLR1000 and Euromoney and Legal Media Group’s Expert Guide to the World’s Leading Insolvency and Restructuring Lawyers. Mr Ivester is a fellow of The American College of Bankruptcy.