The facts block is sourced from a single SEC filing: an 8-K filed with SEC EDGAR and published on April 22, 2024. The deal's current status is pending regulatory approval.
On the financial advisory side, two firms advised Express, the target/debtor: Moelis & Company LLC served as investment banker and is designated as the lead advisor in that role, while M3 Partners, LP served as financial advisor without a lead designation specified. No financial advisors were disclosed for the acquiring consortium.
Legal counsel was also disclosed: Kirkland & Ellis LLP served as legal counsel to Express. No legal advisors were disclosed for the acquiring consortium in the facts block.
Beyond its characterization as a Chapter 11 filing paired with a court-supervised sale process, the facts block provides no further detail on the specific terms of the sale, such as the purchase price or the assets being sold to the consortium.
Several material facts are not disclosed in the source material. The overall deal value is not stated. No financial or legal advisors are identified for the acquiring consortium led by WHP Global. The facts block also does not specify an expected closing date or the specific terms of the sale transaction within the Chapter 11 process.