Kirkland & Ellis added another key bankruptcy case to its restructuring portfolio this week as San Francisco-based children’s clothing retailer The Gymboree Corp. filed for Chapter 11 protection Sunday in Richmond, Virginia.
Gymboree, which is owned by Boston-based buyout firm Bain Capital LP, is the latest retailer to go bust this year. Kirkland restructuring partners James Sprayregen, Anup Sathy and Steven Serajeddini in Chicago and partner Joshua Sussberg in New York are advising Gymboree, which lists almost $755.5 million in assets against $1.36 billion in liabilities in its Chapter 11 petition.
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