Weil advised Golf Companies Wind Down, LLC (f/k/a Nicklaus Companies, LLC) and its affiliated debtors in securing confirmation of their chapter 11 plan by the U.S. Bankruptcy Court for the District of Delaware, following the successful sale of substantially all of its assets earlier this year. The plan received unanimous support from voting creditors and provides for distributions to creditors and the orderly wind-down of the companies’ estates.

The confirmed plan follows the sale of substantially all of its core business assets to 20 Majors, LLC, an investment group led by Jack and Gary Nicklaus. The sale to 20 Majors also included a comprehensive settlement of longstanding litigation among 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 as well as associates Phil DiDonato, Travis Boyd and Jillian Ingrisano; Banking & Finance partner Tom Hashagen and associates Keiko Quiñones-Osumi and Laura Ceitlin; Mergers & Acquisitions partner Mariel Cruz; Private Equity partner Steve Argeris and associates Joseph Erdos, Jeffrey Fu and Grace Embrey; International and Cross-border Tax Head Devon Bodoh; Complex Commercial Litigation partner Brian Liegel; and Technology & IP Transactions partner Max Scott.