Gallo Holdings Enters Ch. 11 With Eye On Asset Sale

Law360, New York (September 8, 2011, 1:36 PM EDT) -- Court reporting and litigation services firm Alexander Gallo Holdings LLC on Wednesday filed for bankruptcy protection in New York to facilitate the sale of substantially all of its assets to a unit of private equity firm HIG Capital LLC.

The two firms did not disclose the price that Bayside Capital would pay for Gallo Holdings' Esquire Solutions subsidiary. But Bayside did agree to provide up to $20 million in debtor-in-possession financing, according to an affidavit filed by Marc L. Pfefferle, a partner with Carl Marks Advisory...
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