Dechert Advises Tupperware Secured Lenders in Acquisition of Companies’ Core Assets in Chapter 11 Sale

Dechert advised the ad hoc group of secured lenders to Tupperware Brands Corporation in connection with the Chapter 11 case of Tupperware Brands and its subsidiaries filed in Wilmington, Delaware. Dechert advised the ad hoc group, among other things, in connection with the acquisition of global rights to the Tupperware brand, intellectual property and operations in key markets pursuant to a sale authorized under section 363 by the Delaware Bankruptcy Court.

Tupperware Brands is a globally recognized leader in kitchen and household products. The multi-disciplinary team that advised the ad hoc group included professionals from Dechert’s financial restructuring, mergers and acquisitions, global finance, litigation, intellectual property, antitrust, tax, labor, benefits and real estate groups across more than 10 offices.

The Dechert team was led by financial restructuring partners Allan Brilliant and Shmuel Vasser. Other key contributors included: financial restructuring counsel Stephen Wolpert and associates Miles Alexander Taylor, Madeline Johl and James Moser, Jr.; corporate partners David Cosgrove and Bernardo Piereck with associates Mihai Morar and Matthew Andonian; global finance partner Soo-ah Nah and associate Terry Huang; intellectual property partner Thomas Rayski and associate Spencer Joffrion; antitrust partner Michael Okkonen and associate Thirith von Döhren; litigation partners Gary Mennitt, Michael Dolusio and Stuart Steinberg and associate Pat Andriola; tax partner Kevin Zaragoza; and cybersecurity, privacy and AI senior counsel Timothy Blank and associate Hilary Bonaccorsi.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 19 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.