The transaction is sourced from an SEC EDGAR Form 8-K filing published on August 31, 2023. Based on the facts provided, the deal's status is pending regulatory approval.
On the financial advisory side, Guggenheim Securities, LLC is serving as investment banker to AgileThought, the target, and is identified as holding lead status in that role. Teneo Capital LLC is serving as financial advisor to AgileThought as well, also identified as holding lead status, indicating two separate lead-designated advisors working alongside each other for the target in this Chapter 11 process. On the acquirer side, FTI Consulting is serving as financial advisor to Blue Torch, the acquiring party.
On the legal side, Hughes Hubbard & Reed LLP and Potter Anderson & Corroon LLP are both serving as legal advisor to AgileThought, the target, reflecting two legal advisors on that side. Ropes & Gray LLP is serving as legal advisor to Blue Torch, the acquirer, with the source material noting that Ropes & Gray LLP and FTI Consulting are together serving as legal and financial advisors, respectively, to Blue Torch.
Beyond confirming that the transaction is structured as a Chapter 11 go-private asset purchase with a disclosed value of 22,000,000 dollars, no further detail on the specific assets being purchased or the allocation of consideration is included in the facts available.
A number of elements of this deal remain undisclosed. No detail is provided on the specific assets covered by the asset purchase agreement, the treatment of specific creditor classes, or an expected date for court approval or closing. The facts also do not specify what, if any, additional regulatory approvals are required.