Avenue Capital Group

Avenue Capital Group was founded in 1995 by Marc Lasry and Sonia E. Gardner. Pioneers in the distressed debt market, Mr. Lasry and Ms. Gardner have successfully invested in the public and private debt and equity securities of distressed companies across a variety of industries for over two decades. Headquartered in New York, with offices in London, Luxembourg, Munich, and nine offices throughout Asia, the firm manages assets valued at approximately $15.8 billion as of March 31, 2009. Avenue draws on the skills and experience of approximately 300 employees and its Senior Principals, Marc Lasry and Sonia E. Gardner, who have spent virtually their entire careers in the field of distressed investments.

Cherie Alcoff

Senior MD, Business Development

Julie Baumann

Senior MD, Investor Relations

Richard Furst

CIO and Head of Europe Strategy

Sonia Gardner

President, Managing Partner and Co-Founder

Thomas More Larkin

CFO

Marc Lasry

Chairman, CEO and Co-Founder

Alex Wolfman

Senior MD, Institutional Fundraising and Investor Relations

31 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 Inc.

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.

Intellihot Inc.

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, Inc.

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 S.r.l.

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, 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 Corp.

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.

Asset Reconstruction Company of India

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.

Ultra Petroleum

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

Castlehaven Finance

Private Equity Round in 2019
Castlehaven Finance is an alternative lender funding property development in Ireland.

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.

Asset Reconstruction Company of India

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.