Bankruptcy
Black Diamond Capital to Acquire Asset of American Remanufacturers, Inc.
By Lake Forest, IL
Jan 6, 2006, 09:21

Black Diamond Capital Management, L.L.C. announced that an entity it manages has executed an agreement to purchase select assets held by the Bankruptcy Estate of American Remanufacturers, Inc. These assets include American Remanufacturers' operations on the East and West Coasts.

American Remanufacturers filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code on November 7, 2005, but just over a week later asked the court to convert the case to a Chapter 7 liquidation. The privately held company, which made new and remanufacturered "undercar" products including axels, brakes and power steering components, halted all operations upon the conversion of the case.

INFO SOURCES

Black Diamond Capital Management, L.L.C.

FIRMS

Black Diamond Capital Management, L.L.C. is an alternative asset management firm with approximately $7 billion under management in a combination of private equity, hedge funds and structured vehicles. It was founded in 1995 by its managing partners, James Zenni and Stephen Deckoff.

PEOPLE

Christopher Kipley, Managing Director at Black Diamond Capital Management