TCW Asset Management Company LLC, Cerberus Capital Management, L.P. and Lantern Capital Partners, L.P. acquired Substantially All Assets of School Specialty, Inc..
September 14, 2020
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TCW Asset Management Company LLC, Cerberus Capital Management, L.P. and Lantern Capital Partners, L.P. acquired Substantially All Assets of School Specialty, Inc. (OTCPK:SCOO) on September 15, 2020. In connection with the transaction, Ryan M. Bohr, Executive Vice President and Chief Operating Officer of School Specialty, was named President and Chief Executive Officer. Post-closing, the acquired assets will operate as School Specialty, LLC. Mayer Brown LLP and Godfrey & Kahn, S.C. acted as legal advisor to School Specialty, Inc.
TCW Asset Management Company LLC, Cerberus Capital Management, L.P. and Lantern Capital Partners, L.P. completed the acquisition of Substantially All Assets of School Specialty, Inc. (OTCPK:SCOO) on September 15, 2020.
SSI Liquidating, Inc., formerly School Specialty, Inc. (SSI), is a distributor of supplies, furniture, technology products, supplemental learning products (instructional solutions) and curriculum solutions, primarily to the education marketplace. It designs, develops and provides educators with its own products and services. Its segments include Distribution and curriculum. Distribution segment offers products that include basic classroom supplies and office products, supplemental learning materials, physical education equipment and classroom technology. Curriculum segment is a PreK-12 curriculum-based publisher of products in the categories of science and reading and literacy. Through its SSI Guardian subsidiary, the Company provides curriculum, training and safety and security products for school, healthcare and corporate workplace. Its SOAR life products are a customized offering for hospitals, long-term care, therapeutic facilities, home care, surgery centers and clinics.
TCW Asset Management Company LLC, Cerberus Capital Management, L.P. and Lantern Capital Partners, L.P. acquired Substantially All Assets of School Specialty, Inc..