Benevis’s Chapter 11 Cases

Proskauer represented certain credit investment funds managed by and affiliated with New Mountain Capital throughout the chapter 11 cases of Benevis Corp.

New Mountain Capital, LLC (“New Mountain”), in its capacity as prepetition secured lender, equity holder, DIP lender and credit-bidding buyer, will acquire substantially all the assets and operations of Benevis Corp. and its affiliates.

Benevis is a leading dental support organization that provides non-clinical business support services to 150+ dental offices in 16 states and the District of Columbia. These supported dental offices treat over 2 million patients annually. Their practices offer patients general dentistry and specialty care, including orthodontics and oral surgery. New Mountain Capital is a New York-based investment firm.

Proskauer’s multidisciplinary team advising New Mountain was led by Private Credit Restructuring co-head David M. Hillman (Picture) and Private Credit co-head Steve Boyko. The team also included partners Rick Zall (Health Care) and Steven Peck (Mergers & Acquisitions) with associates Lucy F. Kweskin, Brooke Blackwell (Bankruptcy), Sara Park, Jillian Ruben(Mergers & Acquisitions), Jon English and Jonathan Traub (Private Credit).

Involved fees earner: Brooke Blackwell – Proskauer Rose LLP; Stephen Boyko – Proskauer Rose LLP; Jon English – Proskauer Rose LLP; David Hillman – Proskauer Rose LLP; Lucy Kweskin – Proskauer Rose LLP; Sara Park – Proskauer Rose LLP; Steven Peck – Proskauer Rose LLP; Jillian Ruben – Proskauer Rose LLP; Jonathan Traub – Proskauer Rose LLP; Richard Zall – Proskauer Rose LLP;

Law Firms: Proskauer Rose LLP;

Clients: New Mountain Capital;

Author: Ambrogio Visconti