Summit Business Media has completed a Chapter 11 restructuring

Lincoln International, a leading global mid-market investment bank, has announced the successful completion of the “pre-arranged” Chapter 11 plan of reorganization of Summit Business Media. As the company’s exclusive financial advisor, Lincoln International worked closely with Summit’s senior management team and the board of directors on all aspects of the reorganization helping to structure, arrange and negotiate the restructuring plan as well as providing advisory and valuation expertise.

Summit Business Media is the leading B2B media and information company serving the insurance, financial services, legal and investment advisory markets. The company services the information needs of its customers through numerous channels, including digital, print and live events. Summit publishes 16 magazines and 150 reference titles, operates 20 websites and hosts a dozen conferences, including the world’s largest mining investment conference in South Africa. The company’s data division provides financial data on 6,000 insurance companies and detail on nearly one million health and benefit plans in the U.S.

“Summit emerges from this restructuring a leaner, more-focused and better-capitalized company,” said Andrew Goodenough, Summit’s President & CEO. “While the challenges of this process were real, emerging in under four months without so much as a contested hearing is a testament to the hard work put in over the last few years by our management team, our advisors and our lenders.”

“While bankruptcy is never easy or desired, this fresh start has allowed Summit to right size its debt burden and redirect its energy and capital to better compete in its markets,” said Joseph Radecki, the head of Lincoln’s Restructuring and Special Situation advisory practice. “We’re gratified and proud of our efforts to streamline the bankruptcy process for Summit and protect their valuable assets.”

Summit Business Media 2011 Connect with a Senior Team Member

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