Sunwest Consolidated Enterprise Bankruptcy
This bankruptcy case is among the largest and most complex ever filed in the state of Oregon. The case included the restructuring and $1.2 billion sale to Blackstone Real Estate Advisors of more than 700 Sunwest entities. Tonkon Torp’s attorneys brought legal expertise in securities, tax, real estate, corporate governance, litigation, and mergers and acquisitions. Led by Al Kennedy, Tim Conway, and Ken Stephens, our legal team developed and executed a complex resolution that avoided foreclosure of Sunwest’s property empire and the potential loss of more than $600 million to its investors.
Kennedy and Stephens were recognized with the 2011 Transaction of the Year, Large Company Turnaround award, by the Turnaround Management Association.