Avenue Capital Group

Avenue Capital Group, founded in 1995 by Marc Lasry and Sonia E. Gardner, is an investment firm specializing in distressed debt and special situations across the United States, Europe, and Asia. The firm has established itself as a pioneer in the distressed debt market, successfully investing in public and private securities of distressed companies for over two decades. Headquartered in New York, Avenue Capital operates additional offices in London, Luxembourg, Munich, and several locations throughout Asia. As of March 31, 2009, the firm managed approximately $15.8 billion in assets and employed around 300 professionals, including its experienced Senior Principals who have dedicated their careers to distressed investments. Avenue Capital Group offers a variety of investment vehicles, including onshore and offshore funds, single member funds, and managed accounts, with flexible terms and fee structures tailored to different investor needs.

Cherie Alcoff

Senior Managing Director, Business Development

Julie Baumann

Senior Managing Director, Investor Relations

Richard Furst

Chief Investment Officer and Head of Europe Strategy

Sonia Gardner

President, Managing Partner and Co-Founder

Thomas More Larkin

Chief Financial Officer

Marc Lasry

Chairman, Chief Executive Officer and Co-Founder

Alex Wolfman

Senior Managing Director, Institutional Fundraising and Investor Relations

42 past transactions

Ambow Education

Series C in 2008
Ambow Education Holding Ltd. (Ticker symbol: AMBOY) is a leading national provider of educational and career enhancement services in China. Ambow business addresses two critical demands in China’s education market, the desire for students to be admitted into top secondary and post-secondary schools, and the desire for graduates of those schools to obtain more attractive jobs. Ambow offer high quality, individualized services and products through its combined online and offline delivery model powered by its proprietary technologies and infrastructure, helping students achieve “Better Schools, Better Jobs” goals. Ambow’s educational services cover K-12 education, vocational education and enterprise training. As of December 31, 2016, Ambow had a total of 49 learning centers and schools, comprised of 16 tutoring centers, 4 K-12 schools, 10 career enhancement centers, 18 training offices and 1 career enhancement campus, which are located in 30 provinces and autonomous regions within China.

Cytocom

Post in 2021
Cytocom, Inc. a specialty biotech company, founded by patients, specializing in repurposing of drugs that deploys their patented therapies focused on the activation and rebalancing of the body’s immune system. Stimulating the body’s immune system remains one of the most promising approaches in the treatment of Cancers, HIV, Autoimmune Diseases, inflammatory conditions and other chronic infectious diseases.

Aytu BioScience

Post in 2022
Aytu BioScience, Inc. is a specialty healthcare company concentrating on developing products for redox-modulated conditions with a focus on urological indications and related conditions. Aytu BioScience is initially concentrating on male sexual dysfunction and male infertility and will seek expansion opportunities in other urological indications.

BioVie

Post in 2021
BioVie Inc., a clinical stage biotechnology company, engages in the discovery, development, and commercialization of drugs therapies in the United States. It develops BIV201, which completed Phase 2a clinical trial for the treatment of ascites due to chronic liver cirrhosis. The company was formerly known as NanoAntibiotics, Inc. and changed its name to BioVie Inc. in July 2016. BioVie Inc. was founded in 2013 and is based in Santa Monica, California.

Netomnia

Debt Financing in 2021
Netomnia are investing in and building a new full-fibre network right across the UK. Future-proofing homes and businesses with a reliable, high-quality, and high-speed internet connection.

Intellihot

Venture Round in 2021
Intellihot Green Technologies Inc. designs, manufactures, and assembles tankless water heater systems for residential and commercial applications in the United States. The company offers water heater systems in various models for installation in hospitality, multi-family, stadiums, restaurants, healthcare, education, retail, and manufacturing industries. It serves customers through a network of sales representatives, dealers, and wholesalers. The company was founded in 2005 and is based in Galesburg, Illinois.

Third Pole

Debt Financing in 2021
Third Pole, Inc. develops inhaled nitric oxide therapy delivery system that generates and delivers electric nitric oxide for hospital, ambulatory, and home use, as well as for use in malaria, heart attacks, and strokes. It produces pure inhalable nitric oxide from air for immediate therapeutic use. The company was incorporated in 2014 and is based in Waltham, Massachusetts.

Enerkem

Debt Financing in 2022
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Selcom Group

Merger/Acquisition in 2017
SELCOM GROUP S.p.A., an EMS company, designs, tests, and manufactures electronic and mechanical customized products. The company provides product design and engineering, volume manufacturing, final assembly, testing, direct order fulfillment, after sales product service and support, and supply chain management services; and quality, environment protection, and governance services. It serves home and professional appliances, coffee and vending machines, automotive and electric mobility, factory automation and packaging, industrial and building automation, power and energy management, medical and wellness, and communication and networking markets worldwide. The company was founded in 1979 and is based in Castel Maggiore, Italy. It has production facilities in Italy, Tunisia, and China.

Delcath Systems

Post in 2021
Delcath Systems, Inc., an interventional oncology company, focuses on the treatment of primary and metastatic liver cancers. The company’s lead product candidate is the melphalan hydrochloride for injection for use with the Delcath hepatic delivery system to administer high-dose chemotherapy to the liver. Its Phase III clinical trial products include FOCUS Trial for the patients with hepatic dominant ocular melanoma; and ALIGN Trial for intrahepatic cholangiocarcinoma. The company also offers melphalan hydrochloride under the Delcath Hepatic CHEMOSAT Delivery System for Melphalan name in Europe. The company was founded in 1988 and is headquartered in New York, New York.

Ambow Education

Series B in 2007
Ambow Education Holding Ltd. (Ticker symbol: AMBOY) is a leading national provider of educational and career enhancement services in China. Ambow business addresses two critical demands in China’s education market, the desire for students to be admitted into top secondary and post-secondary schools, and the desire for graduates of those schools to obtain more attractive jobs. Ambow offer high quality, individualized services and products through its combined online and offline delivery model powered by its proprietary technologies and infrastructure, helping students achieve “Better Schools, Better Jobs” goals. Ambow’s educational services cover K-12 education, vocational education and enterprise training. As of December 31, 2016, Ambow had a total of 49 learning centers and schools, comprised of 16 tutoring centers, 4 K-12 schools, 10 career enhancement centers, 18 training offices and 1 career enhancement campus, which are located in 30 provinces and autonomous regions within China.

Rocersa Cerámica, S.A.

Merger/Acquisition in 2018
Rocersa Cerámica, S.A. manufactures ceramic wall and floor tiles. It also offers stoneware and porcelain floor tiles. The company was founded in 1977 and is based in Vila-real, Spain.

Manor Mills Shopping Centre, Maynooth, Co. Kildare, Ireland

Merger/Acquisition in 2016
Manor Mills Shopping Centre, Maynooth, Co. Kildare, Ireland comprises shopping centre. The property is located in Ireland.

Energy Future Holdings

Merger/Acquisition in 2015
Energy Future Holdings Corp. is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world’s largest and among the nation’s most successful competitive markets.

Harbour Place, Dungarvan, Thurles, Cashel, Mullingar and Navan Shopping Centres

Merger/Acquisition in 2015
Harbour Place, Dungarvan, Thurles, Cashel, Mullingar and Navan Shopping Centres comprises five shopping centers and are located in Ireland.

MRP Generation Holdings LLC

Merger/Acquisition in 2016
MRP Generation Holdings LLC acquires, manages, and operates natural gas fired power plants. MRP Generation Holdings LLC was formerly known as TPF Generation Holdings, LLC and changed its name to MRP Generation Holdings LLC in April 2016. The company was incorporated in 2005 and is based in Omaha, Nebraska.

C.P. Crane

Acquisition in 2016
Owns and operates a coal-fired power plant near Baltimore

Peaker Portfolio

Merger/Acquisition in 2019
Peaker Portfolio comprises six natural-gas fired peaking facilities. Peaker Portfolio is located in the United States.
Wuxi Qiaolian Wind Power Technology Co. Ltd. manufactures wind power equipment accessories. It offers rotor hubs, nacelle bases, girder systems, bearing cases, and pitch adjuster parts. The company was founded in 2006 and is based in Wuxi, China.

PolarityTE

Debt Financing in 2024
Polarity is an entirely new and radically unique regenerative medicine company committed to developing the first forms of functionally-polarized autologous tissues for use in medical procedures requiring reconstructive applications by surgeons and wound care specialists.

ITS Technology

Debt Financing in 2023
ITS Technology Group design, fund, build and operate full fibre and fixed wireless access networks and also provide proactive IT managed services and hosted telephony solutions for hard to reach rural and urban businesses.

Beyond Air

Post in 2023
Beyond Air, Inc., a clinical-stage medical device and biopharmaceutical company, develops inhaled nitric oxide (NO) to treat respiratory infections, and gaseous NO to treat solid tumors. The company is developing LungFit system, a NO generator and delivery system, which is in clinical trials for the treatment of lung infections, persistent pulmonary hypertension of the newborn, severe acute respiratory syndrome coronavirus 2, bronchiolitis, and nontuberculous mycobacteria.The company was formerly known as AIT Therapeutics, Inc. and changed its name to Beyond Air, Inc. in June 2019. The company is based in Garden City, New York.

Oliver Space

Series B in 2022
Oliver Space is a home furnishing company that makes beautiful spaces easy and affordable. The company was founded in 2019 and is based in San Francisco, California.

Eyenovia

Post in 2022
Eyenovia is a biopharmaceutical company that provides portfolio of next generation topical eye treatments. It is a clinical stage, ophthalmic biopharmaceutical company that transforms the delivery of therapeutics for the treatment of prominent eye diseases, such as glaucoma, dry eyes, allergic eye disease and many others. Eyenovia’s breakthrough piezo-dispersion and microdosing technology enable a portfolio of first-in-class, next-generation, micro-therapeutics for the eye designed to reduce ocular and systemic toxicity and improve the risk-benefit profile of both new and existing therapeutics. Eyenovia was founded in 2014.

Arcil

Secondary Market in 2018
Asset Reconstruction Company (India) Ltd. operates as a asset reconstruction company. Since its inception, Arcil has resolved over Rs.780 billion worth of Non-Performing Assets (NPAs) acquired from Indian banks and Financial Institutions.

Delsey

Merger/Acquisition in 2018
Delsey is the second largest travel luggage brand worldwide in its segment and distributes a complete range of travel luggage globally. The company is recognised for the quality, resilience and innovative design of its products. With sales in over 100 countries and 5 continents, Delsey has a number 2 position globally in its segment (except in the U.S. where Delsey has the third largest market share) and is the co-leader in France, where its design team are based.

Cytocom

Post in 2021
Cytocom, Inc. a specialty biotech company, founded by patients, specializing in repurposing of drugs that deploys their patented therapies focused on the activation and rebalancing of the body’s immune system. Stimulating the body’s immune system remains one of the most promising approaches in the treatment of Cancers, HIV, Autoimmune Diseases, inflammatory conditions and other chronic infectious diseases.

UP Energy

Investor Activism in 2019
Ultra Petroleum is an oil & energy company providing exploration and production services.

C.P. Crane LLC

Merger/Acquisition in 2015
C.P. Crane LLC owns and operates coal fired power plant. The company was incorporated in 2012 and is headquartered in Wilmington, Delaware.

Arcil

Merger/Acquisition in 2018
Asset Reconstruction Company (India) Ltd. operates as a asset reconstruction company. Since its inception, Arcil has resolved over Rs.780 billion worth of Non-Performing Assets (NPAs) acquired from Indian banks and Financial Institutions.

Midstates Petroleum Company LLC

Investor Activism in 2019
As of August 6, 2019, Midstates Petroleum Company, Inc. was acquired by Amplify Energy Corp., in a reverse merger transaction. Midstates Petroleum Company, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. The company’s operations are primarily focused on exploration and production activities in the Mississippian Lime. As of December 31, 2018, its assets consisted of approximately 102,198 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma. The company was founded in 1993 and is headquartered in Tulsa, Oklahoma.

GPI Textiles

Acquisition in 2006
GPI Textiles Limited manufactures and sells cotton, polyester, and blended yarns primarily in India. Its products include cotton combed yarns, polyester/cotton blended combed ring spun yarns, polyester yarns, and open end yarns. The company also offers other yarns, such as organic, bamboo/cotton, cotton slub, multifold, PC melange, polyester optical bright, and polyester flame retardant yarns. In addition, it exports its products to Europe, Latin America, the Far East, the Middle East/Gulf countries, and Africa. GPI Textiles Limited was incorporated in 2000 and is based in Nalagarh, India.

Zorin Finance

Debt Financing in 2020
Zorin Finance is a Real estate company.

Upperton Road complex

Merger/Acquisition in 2015
Upperton Road complex comprises a complex. The asset is located in the United Kingdom.

ProducePay

Series D in 2024
Produce Pay was first conceived at Cornell University. With strong support from experienced faculty and the student body, it was able to rapidly gain momentum. Produce Pay obtained recognition from Cornell’s entrepreneurial community and was soon dubbed "The Next Johnson Start-Up," in reference to Cornell’s S.C. Johnson Graduate School of Management.

Kin

Debt Financing in 2022
Kin Insurance, Inc., an insurance agency, provides insurance products and services. It offers insurance products and services in the areas of homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance, Inc. was formerly known as Bright Policy, Inc. The company was founded in 2016 and is headquartered in Chicago, Illinois with an additional office in St. Petersburg, Florida. It has payment processing offices in Palatine and Chicago, Illinois.

Cytosorbents

Post in 2024
CytoSorbents Corporation is a publicly-traded, critical care focused therapeutic device company using blood purification to treat life-threatening illnesses. Its purification technology is based on biocompatible, highly porous polymer beads that can actively remove toxic substances from blood and other bodily fluids by pore capture and surface adsorption. Each polymer bead contains millions of pores and channels that can be modified to remove substances as small as drugs, to substances as large as antibodies.