An unknown buyer agreed to acquire Substantially All Assets of Avadim Health, Inc. for $70 million on May 31, 2021. The transaction is subject to third party approval and bankruptcy court approval. Larry G, Halperin, Joon P. Hong and Nicholas W. Whitney of Chapman and Cutler LLP are acting as legal advisor to Avadim Health. Carl Marks Advisory Group LLC acted as financial advisor and Laura Davis Jones and Timothy P. Cairns of Pachulski Stang Ziehl & Jones LLP are acting as legal advisor to Avadim Health. David Griffiths, Bryan Podzius, Gavin Westerman and Peter Feist of Weil Gotshal & Manges LLP are acting as legal advisors to buyer. SSG Advisors are acting as financial advisors for Avadim Health. An unknown fund managed by Hayfin Capital Management LLP completed the acquisition of Substantially All Assets of Avadim Health, Inc. on August 17, 2021. Post completion, Keith Daniels of Carl Marks Advisors, who served as Chief Restructuring Officer during the Chapter 11 process, will continue to lead the business as Interim Chief Executive Officer. Scott Pasquith also of Carl Marks Advisors, who served as acting Chief Financial Officer in the same period, will also remain in situ as Interim Chief Financial Officer. The sale was approved by the U.S. Bankruptcy Court for the District of Delaware. Annemargaret Connolly, Damian P. Ridealgh, David Nigel Griffiths, Gary D. Friedman, Gavin Westerman, Graham Magill, Jeffrey D. Osterman, Miranda S. Schiller, Paul J. Wessel, Peter Feist, John O'Loughlin, Caroline Paige Geiger, Thomas D. Goslin, Timothy C. Welch, Kirsten Erichsen, Michael C. Naughton of Weil, Gotshal & Manges (London) Llp acted as a legal advisor to Hayfin Capital Management LLP.