Entries by Ignacio Ruiz

Planta has emerged from bankruptcy

Planta, a plant-based restaurant concept founded in Toronto, Canada, has emerged from Chapter 11 bankruptcy through a strategic asset sale to New CHG US Holdings.

Tariffs Crush Air Cargo – China-US Volumes Down 60%

On April 2nd 2025, “Liberation Day”, President Trump introduced new sweeping tariffs via Executive Order on America’s global trading partners, upending the international commercial order with a snap of his fingers

Cassel Salpeter Facilitates Reorganization of Eco-Friendly Air Freshener Company Enviroscent Through Chapter 11 Plan

MIAMI – August 26, 2025 – The special situations practice group of Cassel Salpeter & Co. (“Cassel Salpeter”), an independent investment banking firm that provides advisory services to middle market and emerging growth companies in the United States and worldwide, announced that it has successfully assisted in facilitating the reorganization of Enviroscent, Inc. (“Enviroscent”), an eco-friendly air freshener company, through a plan of reorganization under a  Chapter 11 bankruptcy proceeding in the U.S. Bankruptcy Court for the Northern District of Georgia.

CASE STUDY: ENVIROSCENT, INC.

Background: Enviroscent, Inc. (“Enviroscent”), headquartered in Atlanta, GA, is an eco-friendly nontoxic air freshener company manufacturing and selling products for use in the home, car, and more. In December 2024, Enviroscent filed for Chapter 11 bankruptcy protection. Cassel Salpeter: Served as investment banker to the company Conducted a global sales process, identifying and contacting a […]

Cassel Salpeter Facilitates Chapter 11 Sale of Restaurant Chain PLANTA 

MIAMI – August 26, 2025 – The special situations practice group of Cassel Salpeter & Co. (“Cassel Salpeter”), an independent investment banking firm that provides advisory services to middle market and emerging growth companies, announced that it has successfully facilitated the sale of substantially all of the assets of CHG US Holdings LLC, parent company of restaurant chain PLANTA, to New CHG US Holdings, LLC, a newly formed entity affiliated with Anchorage Capital Group. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware. 

CASE STUDY: PLANTA GROUP

Background: CHG US Holdings LLC d/b/a PLANTA GROUP (“Planta”), headquartered in Miami, FL, is an upscale 100% plant-based vegan restaurant group with locations throughout North America. In May 2025, Planta filed for Chapter 11 bankruptcy protection. Cassel Salpeter: Served as investment banker to the company Conducted a global sales process, identifying and contacting a broad […]