Akerman recently represented Sandton Capital Partners ("Sandton") in a transaction to purchase the assets of Kalera, a vertical farming company, in connection with a Chapter 11 bankruptcy now pending in the Southern District of Texas. Kalera specializes in greens and culinary herbs, and has a nationwide network of hydroponic farms, as well as locations in Germany and Kuwait, with more under construction. 

Sandton is a New York-based private equity firm that focuses on assets in the manufacturing, media, agriculture, healthcare, and energy industries. The Akerman team included Bankruptcy and Reorganization Practice Group lawyers D. Brett Marks, Eduardo “Eddy” Espinosa, R. Adam Swick, David Parham, and Laura Taveras; and Corporate Practice Group lawyers Steven “Will” Walker and Zachary Sell. They assisted Sandton in purchasing Kalera’s assets through a credit bid of senior secured debt and successfully preserved a large deficiency claim in the Chapter 11 case.

Akerman also represented Sandton in acquiring Vindara, Inc., a Kalera affiliate and a guarantor of the secured debt in this transaction.

About Akerman
Akerman LLP is a top 100 U.S. law firm recognized among the most forward-thinking firms in the industry by Financial Times. Its more than 700 lawyers and business professionals collaborate with the world’s most successful enterprises and entrepreneurs to navigate change, seize opportunities, and help drive innovation and growth.

Akerman’s Bankruptcy and Reorganization Practice Group serves as a strategic partner to creditors, distressed businesses, court appointed committees, and various fiduciaries. The firm has served as bankruptcy counsel in many of the nation’s largest bankruptcy filings.