Weil advised Nicklaus Companies LLC in the sale of substantially all of its assets pursuant to section 363 of the Bankruptcy Code. The sale closed on March 26, and transfers substantially all of the company’s core assets, including its licensing and world-renowned golf course design businesses, to 20 Majors, LLC, an investment group led by Jack Nicklaus.

The sale followed a robust marketing process, which culminated in a competitive auction at which 20 Majors was selected as the successful bidder. On March 9, 2026, the sale was approved by the U.S. Bankruptcy Court for the District of Delaware. The order approving the sale also incorporates a global resolution of ongoing litigation amongst the company, its largest investor and Jack Nicklaus.

The Weil team was led by Restructuring partner David J. Cohen and Restructuring Department Co-Chair Ronit Berkovich and included Restructuring counsel Daphne Papadatos and associates Phil DiDonato, Sean Sheng, Jillian Ingrisano and Travis Boyd; M&A and Private Equity partners Steve Argeris and Mariel Cruz and associates Joseph Erdos, Zane Mitchell, Jeffrey Fu and Grace Embrey; and Litigation partner Brian Liegel.