Trekking Cross-Border Bankruptcy Sales; The Eddie Bauer sale serves as an example of how a cross-border bankruptcy sale can be executed quickly.(Eddie Bauer Inc.)(Golden Gate Capital)(Viewpoint essay)

Investment Dealers' Digest | October 16, 2009| | Copyright

Byline: Aubrey E. Kauffman, Stephen Erlichman and Stuart Brotman

Eddie Bauer, the iconic outdoor goods retailer long popular in the U.S. and Canada, avoided a fatal fall down the mountain this year when it filed for bankruptcy and was subsequently purchased at a "363" auction by private-equity firm Golden Gate Capital.

The quick rescue of Eddie Bauer for a reported $286 million provides a blueprint for how an integrated cross-border business can execute a successful sale of assets when faced with financial distress.

A 363 transaction involves a sale ...

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