europa sports products bankruptcies

His home has also been targeted because his mother is the former board president, according to court records. << The Europa and Lone Star teams have worked diligently to build companies that have established themselves as trusted resources within the health and wellness industry. Antonio, AFI Managing Partner, said, We are extremely excited about our new platform investment. Its just been a lot of conversations, a lot of occupying mental space, just trying to keep everything going, Derrick said. The 25-year-old make-up mogul - who owns her own After first announcing plans to close all of its New York City studios in April, YogaWorks filed for Chapter 11 bankruptcy protection on October 14. However, today, we have launched a new and well-capitalized company directed by an incredibly strong c-level executive team. 0000002026 00000 n Theres often no governance of youth sports organizations not from parents, sponsors or local governments and most embezzlement cases involve treasurers or volunteer board members who have been trusted with an organizations funds, with little to no checks and balances on how budgets are operated. In Virginia, an Ashburn woman pleaded guilty in January to stealing an unspecified amount of money from McLean Youth Football the organization dissolved at the time of the scheme in 2016 using funds for meals at restaurants, visits to a spa and pet care. The work is typical warehouse work, order pulling, packing etc. 0000008195 00000 n Calendar, Author Read more: The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say. Claim This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security. Certain services may not be available to attest clients under the rules and regulations of public accounting. They operate as big businesses but have sloppy accounting and murky financial oversight. Password (at least 8 characters required). << This is just parent-adult stuff you guys just go play, said Hunt, the parent whose son now plays for Apex. The s--- that I can see on the google admin is crazy. He wasnt going to stop leading the basketball team he loved. The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. WebProducts; Lexis Law360 In-Depth; Law360 Updates; Law360 Podcasts; Rankings; Regional Powerhouses; Law360's MVPs; Glass Ceiling Report; Law360 400; Diversity For more information, visit www.europasports.com. Our entire organization has rallied around ramping up procurement and operations to fulfill the pent-up demand we have across all of our distribution channels. Certain services may not be available to attest clients under the rules and regulations of public accounting. /ABCpdf 6109 Europa Sports Partners corporate office is located in 11401 Granite St, Charlotte, North Carolina, 28273, United States and has 297 employees. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. I think the [board] has done a great job of shielding the people who are trying to rebuild. CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Europa Sports Products LLC.Europa Sports Products is an industry-leading distributor of nutritional and sports supplements, sports drinks and accessories to mass market retailers, gyms, health food stores, specialty supplement retailers, sporting goods stores and many other outlets. Honda Goldwing, Valkyrie , VTX , and Yamaha Star Motorcycles a We greatly appreciated the expertise and agility of the CIT Northbridge team in arranging this financing to meet our business objectives.Europa Sports Products is unmatched as a distributor of nutritional and sports supplements and a wide range of other products to outlets across the U.S. and abroad, said Neal Legan, who leads CIT Northbridge. 0000064770 00000 n For more information visit www.europasports.com. trailer Password (at least 8 characters required). I thought, its probably easier to go in somewhere thats been struggling or has gone through a period of turmoil and fix it than to go to a well-oiled machine, he said. A free inside look at company reviews and salaries posted anonymously by employees. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Vitamins, Supplements & Health Stores Retail . /Pages 66 0 R For more information, visit www.investmentbanking.deloitte.com. not be reproduced, distributed, transmitted, cached or otherwise used without written This information is available in the PitchBook Platform. Already a subscriber? Law360 provides the intelligence you need to remain an expert and beat the competition. Bilanski and several former employees downloaded over 7,000 documents and edited, shared or deleted hundreds of documents from the Timbers Google Workspace IT systems in the 11 days after Bilanski was fired, according to the lawsuit; when the administrator told Davin she was removing certain files, Davin allegedly responded: Delete f---ing away.. These are the seven fitness and sporting goods companies that have filed for bankruptcy so far in 2020. /Type /Catalog The material on this site may Each of these companies also join a rapidly expanding list of retail bankruptcies so far this year, which include restaurants and off-price clothing brands. Get 5 free searches. If she did indeed pocket the money God, thats so wrong on so many levels. CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million Top editors give you the stories you want delivered right to your inbox each weekday. /PDFDocEncoding 69 0 R startxref Bilanski and Davin declined to comment for this story through their attorneys. There is plenty of work to do off it. About Lone Star DistributionLone Star is a national specialty distributor of sports nutrition and fitness products. When typing in this field, a list of search results will appear and be automatically updated as you type. The transaction closed on Feb. 17, 2016. Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Cision Distribution 888-776-0942 Please see our Privacy Policy. Most kids were forced to have to choose, which is kind of sad. /Length 0 2023 PitchBook. Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member ofFINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Selling Adulterated Weight Loss Supplements, Buyers Say, Nutrex, Supplement Co. Strike Deal In False Ad Suit. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. /ID [ <958DB2D77671C4A96F5CA912B922465B> On a gloomy afternoon last November, nearly three months after she had been fired by the Timbers, Bilanski met with a paralegal from the law firm suing her in a Starbucks parking lot off Highway 97 in Bend. In late August, days after Bilanski had been fired, the administrator allegedly realized that the Timbers Google Drive was recording a log of all activity. In a deposition with attorneys for the Timbers, Bilanski invoked her Fifth Amendment right more than 340 times. 2023. Map, Get He was 34 when he was diagnosed with ALS. /Helv 68 0 R Their collective knowledge of the consumer industry and transactional experience in the nutritional supplements space were key to the process," said Jeff Compton, co-CEO of the newly combined company. In Wisconsin, a former treasurer was charged with embezzling more than $84,000 from a basketball club over a seven-year span, allegedly spending more than $73,000 on retail items, meals at restaurants, airline tickets and mobile phone bills. For more information, visit www.sheridancp.com. AFI PARTNERS FORMS EUROPA SPORTS PARTNERS, AFI PARTNERS COMPLETES ACQUISITION OF GARSITE AND PROGRESS TANK, A TOOLBOX THAT'S WORKING TO GROW AMERICAN JOBS. 0000023549 00000 n Sometimes he plays video games online with his former teammates and they will tell him he should come play for Apex. Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private training and camps, but checks and balances on the flow of that money are often absent. Bringing together the industry with science can only result in better products," said Dr. Jose Antonio, CEO and co-founder of the ISSN. The ongoing case reveals the complexities of running a youth sports organization: Leaders engaged in bickering, name-calling and political maneuvering, all the while leaving kids in the crossfire or, in some cases, altogether forgotten. About Deloitte Corporate Finance LLC Dang. Very little interaction. YogaWorks. It was kind of sad, Wheeler said. So, yes, it was in her contract, Shore said. Bilanskis initial contract which ran for one year included profits for running camps for the Timbers, said Shore, who left the board before Bilanski was promoted to executive director. Bilanski, 49, still has plenty of community support, and this past summer she filed a defamation suit against the Timbers, seeking $5.1 million from the club and former board president Michelle Hart. Lorin leads DCF's Consumer Business Group. The ISSN is the world's leading academic organization dedicated to the science of sports nutrition and supplements. Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. Customize this page. While lawyers for the Timbers contend that the embezzlement case has jeopardized the organizations status as a tax-exempt nonprofit, the club is still facing considerable debt to build new fields roughly $760,000, according to the clubs latest newsletter sent out to parents in September. About Europa Sports Products, Inc. For more information, visit www.investmentbanking.deloitte.com. Discover more about Europa Sports Partners. The laptop was sent to a data forensics examiner in Portland. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.Youll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. A surveillance camera set up in front of the familys house captured someone driving by and yelling, F--- you!, Its affected us, Ethan said. 2015-2015. See Terms of Use for more information. In the past few months alone, reports of alleged financial misconduct and convictions of embezzlement have been reported across the country, underscoring a long-standing issue within the industry. %%EOF Gold's Gym filed for Chapter 11 bankruptcy protection in May, shortly after the company announced it would shutter 30 locations that had been temporarily closed early on in the pandemic. Its a function of the growth of the industry, Carrozza said. This will be a huge advantage for our customers and the many markets that are looking to optimize their inventory by bridging science and nutrition," said Eric Hillman, Co-founder and Co-CEO of Europa Sports. The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. 0000004251 00000 n View Jeff Compton's full profile. Company News. Morris, Mich.; and a soccer and lacrosse club Hanover, Pa. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC, http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Deloitte's Women @ Work report reveals signs of progress, but much work remains to improve women's experiences in the workplace, Deloitte Named a Leader in Worldwide Hybrid IT Consulting and Integration Services by the IDC MarketScape. 0000006272 00000 n BEND, Ore. Tara Bilanski was already a household name in the Pacific Northwest soccer scene when she was named executive director of the Bend FC Timbers in 2016. A growing number of fitness companies have filed for Chapter 7 or Chapter 11 bankruptcy in recent months, after failing to recover from temporary government-mandated closures to gyms and indoor fitness facilities intended to prevent the spread of the disease. All rights reserved. The fracture can especially be felt during the public-school season in the fall, when players from both clubs are forced to compete side by side and parents must sit next to one another in the stands. 0000008819 00000 n About Deloitte Corporate Finance LLC Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. The number of bankruptcy declarations increased during all four quarters of 2022. WebEuropa Sports Products, Inc. Overview. /Linearized 1 Members of these organizations earn continuing education credits by attending ISSN Conferences and Symposia. In growing numbers, more and more families are realizing [Bilanskis] credentials. The company said in a statement that it aims to use financial restructuring to "properly respond to the COVID-19 pandemic, with the long-term goal to emerge as a thriving powerhouse in the fitness industry.". 0000003742 00000 n CHARLOTTE, N.C., March 4, 2016 /PRNewswire/ --Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Europa Sports Products, Inc. (Europa), a Charlotte-based wholesale distributor of sports and fitness supplements, in its merger with Lone Star Distribution (Lone Star), a portfolio company of Sheridan Capital Partners. And the kids are caught in the middle of it.. 0 But by the summer of 2021, Bilanski had fallen out of favor with the clubs board of directors and many of its parents, and after stakeholders conducted a survey and determined she had not been performing her job duties satisfactorily, she was fired that August. In addition to delivering leading-edge nutrition management to its' customers, Europa's Professional Level ISSN membership will lead to more informed teams and therefore customers in all segments and levels. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. WebWelcome to Europa Sports Partners Based in Charlotte, North Carolina, were the nations industry-leading distributor of nutritional and sports supplements, sports drinks and Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, International Society of Sports Nutrition. 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Your Company Listed, Submit Prior to joining DCF, Lorin served as a managing director and co- More, James is a managing director with Deloitte Corporate Finance LLC (DCF). It's Monday through Friday, 11am to finish for the majority of shifts. "The Europa and Lone Star teams have worked diligently to build companies that have established themselves as trusted resources within the health and wellness industry. It wasnt soccer first, he said.

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